Class B Common Stock Conversion definition

Class B Common Stock Conversion means, in connection with the Closing, the conversion of all then-outstanding shares of Class B common stock into shares of Class A common stock on a one-for-one basis.

Class B Common Stock Conversion has the meaning set forth in the Recitals.

Examples of Class B Common Stock Conversion in a sentence

• If, at any time after the Filing Date, the number of shares of Common Stock outstanding is decreased by a combination of the outstanding shares of Common Stock, then, following the record date for such combination, the Class B Common Stock Conversion Price shall be appropriately increased so that the number of shares of Common stock issuable on conversion of each share of Class B Common Stock shall be decreased in proportion to such decrease in outstanding shares.

• The person in whose name the certificate or certificates for Common Stock are to be issued shall be deemed to have become a stockholder of record on the applicable Conversion Date unless the transfer books of the Corporation are closed on that date, in which event he shall be deemed to have become a stockholder of record on the next succeeding date on which the transfer books are open, but the Class B Common Stock Conversion Rate shall be that in effect on the Conversion Date.

• The Class B Common Stock Conversion Price shall initially be one (1); PROVIDED, HOWEVER, that such Class B Common Stock Conversion Price shall be subject to adjustment as set forth in Section 1(b)(v) hereof.

• The Equity Interests set forth in this Section 5.2(a) comprise all of the Equity Interests of the Buyer that are issued and outstanding (without giving effect to the Buyer Share Redemptions, the Buyer Class B Common Stock Conversion, or the Permitted Equity Financing).

• Upon the Closing (for the avoidance of doubt, following the Buyer Class B Common Stock Conversion), on the Closing Date, the Earnout Shares and Earnout Company Units will be subject to restrictions on transfer and voting, as more fully described in Section 2.9(b)(iv), and subject to forfeiture in the event such Earnout Shares and Earnout Company Units are not earned in accordance with Section 2.9(c).

• The person in whose name the certificate or certificates for Common Stock are to be issued shall be deemed to have become a stockholder of record on the applicable Class B Common Conversion Date unless the transfer books of the Corporation are closed on that date, in which event he shall be deemed to have become a stockholder of record on the next succeeding date on which the transfer books are open, but the Class B Common Stock Conversion Rate shall be that in effect on the Class B Common Conversion Date.

• The Class B Common Stock Conversion Price shall initially be one (1); PROVIDED, HOWEVER, that such Class B Common Stock Conversion Price shall be subject to adjustment as set forth in Section 10(b)(v) hereof.

• Description of Capital Stock Class A Common Stock and Class B Common Stock Conversion, page 131 25.

• The Equity Interests set forth in this Section 4.2(a) comprise all of the Equity Interests of the Buyer that are issued and outstanding (without giving effect to the Buyer Share Redemptions or the Buyer Class B Common Stock Conversion).

• Except for this Agreement and the Warrant Agreement, the Equity Interests set forth in this Section 4.2(a) comprise all of the Equity Interests of the Buyer that are issued and outstanding (without giving effect to the Buyer Share Redemptions, the Buyer Class B Common Stock Conversion, or the consummation of any Equity Financing).