Class B Right definition

Class B Right has the meaning set forth in the Recitals to this Agreement.

Class B Right shall have the meaning set forth in the Recitals hereto.

Class B Right shall have the meaning set forth in the recitals to this Rights Agreement.

Examples of Class B Right in a sentence

• This Class B Right Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by the Rights Agent.

• In lieu of such fractional Rights, the Company shall pay to the registered holders of the Class A Rights Certificates or the Class B Rights Certificates, as the case may be, with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to the same fraction of the current market value of a whole Class A Right or Class B Right, as the case may be.

• If this Class B Right Certificate shall be exercised in part, the holder shall be entitled to receive upon surrender hereof another Class B Right Certificate or Class B Right Certificates for the number of whole Class B Rights not exercised.

• If the Company shall determine not to issue such fractional Rights, then, in lieu of such fractional Rights, there shall be paid to the holders of record of the Right Certificates with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to the same fraction of the Fair Market Value of a whole Class A Right or Class B Right, as appropriate.

• In lieu of such fractional Rights, there shall be paid to the registered holders of the Class A Right Certificates or the Class B Rights Certificates with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to the same fraction of the current market value of a whole Class A Right or Class B Right, as the case may be.

More Definitions of Class B Right

Class B Right means the Right attached to each share of Class A Common Stock.

Class B Right shall represent the right to purchase one one-thousandth of a Preferred Share, upon the terms and subject to the conditions herein set forth.

Class B Right shall have the meaning set forth in the Preamble hereof.

Class B Right shall have the meaning set forth in the Recital at the beginning of the Agreement.

Class B Right and together with the Class A Rights, the “Rights”) for each share of Class B common stock, par value $0.01 per share, of the Company (the “Class B Common Stock” and together with the Class A Common Stock, the “Company Common Stock”) outstanding at the Close of Business on February 8, 2010 (the “Record Date”) and (ii) authorized the issuance of one Class A Right (as such number may hereinafter be adjusted pursuant hereto) for each share of Class A Common Stock issued between the Record Date and the earlier of the Distribution Date and the Expiration Date and, in certain circumstances, for each share of Class A Common Stock issued after the Distribution Date but before the Expiration Date and one Class B Right (as such number may hereinafter be adjusted pursuant hereto) for each share of Class B Common Stock issued between the Record Date and the earlier of the Distribution Date and the Expiration Date and, in certain circumstances, for each share of Class B Common Stock issued after the Distribution Date but before the Expiration Date; and

Class B Right shall have the meaning set forth in Section 3(a) hereof.

Class B Right shall have the meaning set forth in the preamble of this Agreement.