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.
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.
For the purposes of this Section 14(a), the current market value of a whole Class A or Class B Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Class A or Class B Rights would have been otherwise issuable.