Examples of Class B Nonvoting Common Stock in a sentence
In the event of any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, the holders of Class A Voting Common Stock and Class B Nonvoting Common Stock shall be entitled to share ratably, according to the number of shares of Class A Voting Common Stock or Class B Nonvoting Common Stock held by them, in the remaining assets of the Corporation available for distribution to its stockholders.
The holders of Class A Voting Common Stock will be entitled to one (1) vote per share on all matters to be voted on by the Corporation's stockholders, and except as otherwise required by law, the holders of Class B Nonvoting Common Stock will have no right to vote their shares of Class B Nonvoting Common Stock on any matters to be voted on by the Corporation's stockholders.
The foregoing notwithstanding, the Company shall not be deemed to have impaired the Warrantholder’s rights hereunder if it amends its Charter, or the holders of the Nonvoting Common Stock or Class B Nonvoting Common Stock waive rights thereunder, in a manner that does not affect the Warrantholder in a manner different from the effect that such amendments or waivers have on the rights of the holders of the Nonvoting Common Stock or Class B Nonvoting Common Stock.
The Company shall promptly provide the Warrantholder with any restatement, amendment, modification or waiver of the Company’s Certificate of Incorporation that pertains to the Nonvoting Common Stock or the Class B Nonvoting Common Stock.
The authorized capital stock of the Company consists of 11,650 shares of Voting Common Stock, par value $0.10 per share, 5,650 shares of Nonvoting Common Stock, par value $0.10 per share, 5,400 shares of Class B Nonvoting Common Stock, par value $0.01 per share, and 2,000 shares of Preferred Stock, par value $0.10 per share.
Except as otherwise provided herein all shares of Class A Voting Common Stock and Class B Nonvoting Common Stock will be identical and will entitle the holders thereof to the same rights and privileges.
As of May 31, 1996, there are 6,848,699 shares of Company Common Stock issued and outstanding, 1,916 shares of Series A 8% Cumulative Preferred Stock, par value $.01 per share ("Company Preferred Stock"), issued and outstanding and 2,500,000 shares of Class B Non-voting Common Stock, par value $0.01 per share ("Class B Common Stock"), issued and outstanding.
In addition, for purposes of this Agreement, "Executive Shares" shall include any other securities of the Company into which or for which such shares of Class B Nonvoting Common Stock shall have been converted or exchanged pursuant to the terms of the Class B Nonvoting Common Stock or pursuant to any recapitalization, reorganization or merger of the Company.
None of the shares of Class B Nonvoting Common Stock is outstanding and the Class A Voting Common Stock and is owned of record as set forth in Part 3.3(a) of the Sellers’ Disclosure Schedule.
The authorized capital stock of the Company consists of 8,000 Shares of $.01 par value Class A Voting Common Stock and 1,000 Shares of $.01 par value Class B Nonvoting Common Stock.