Examples of Class B Capital Stock in a sentence
Yes: No: List any restrictions on the transfer of security: Class B Capital Stock can only be transferred to family members, otherwise shares will be converted into Capital Stock on a share-for-share basis.
As a requirement of the membership, Pinnacol owns FHLB Class A and Class B Capital Stock.
Class B Capital Stock has supervoting rights of ten votes per share and restricted transferability.
Class B Capital Stock is convertible at all times into Capital Stock on a share-for-share basis.
This compromised standard hearkens back to the debate in the 90's about “key escrow” and the “Clipper chip”, when the government proposed standards that would explicitly provide government access to encrypted data.
Following removal of any Class B Director pursuant to this provision, the Corporation shall promptly thereafter notify the holders of Class B Capital Stock in writing address of record with the Corporation for such holder of such action.
Upon the occurrence of each adjustment or readjustment of the Conversion Rate pursuant to this Section 7, the Corporation at its expense shall, as promptly as reasonably practicable but in any event not later than 10 days thereafter, compute such adjustment or readjustment in accordance with the terms hereof and furnish to each holder of Class B Capital Stock a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based.
For avoidance of doubt, the holders of Class B Capital Stock shall not be entitled to receive any such distributions in preference to the holders of Common Stock, but rather all such holders shall share in such distributions on an equal basis based on the number of shares of Common Stock then held by such holders assuming conversion of the Class B Capital Stock at the then-applicable Conversion Rate.
In case the number of shares of Class B Capital Stock represented by the certificate or certificates surrendered pursuant to Section 7(a) exceeds the number of shares converted, the Corporation shall, upon such conversion, execute and deliver to the holder, at the expense of the Corporation, a new certificate or certificates for the number of shares of Class B Capital Stock represented by the certificate or certificates surrendered which are not to be converted.
WHO shall retain all records (contracts, orders, invoices, bills, receipts and other documents) evidencing expenditures under the Project until at least the later of: (a) one (1) year after the Bank has received the interim unaudited financial reports covering the period during which the last withdrawal from the Financing Account was made; and (b) two (2) years after the Closing Date.