Examples of Class B Special Shares in a sentence
The Class B Special Shares shall have attached thereto, as a class, the rights, privileges, restrictions and conditions set out in this Article 7.
Immediately prior to the Closing, (A) 16,260,659 Common Shares are validly issued and outstanding, fully paid and nonassessable, (B) 16,260,658.8 Class B Special Shares are validly issued and outstanding, fully paid and nonassessable, (C) no Class A Special Shares are issued and outstanding and (D) no Class A Preferred Shares are issued or outstanding.
The Private Placement Shares, the Class A Special Shares and the Class B Special Shares shall be duly authorized, validly issued, fully paid and non-assessable and the Private Placement Shares shall bear a legend restricting the transfer of such Private Placement Shares, as contemplated by Section 2(e) of the Subscription Agreement.
After the payment to the holders of the Class "B" Special Shares and the Class "A" Shares of the amounts so payable to them, the holders of Common Shares shall be entitled to receive pro rata from the property and assets of the Corporation an amount equal to the aggregate amount in the stated capital account for the Common Shares.
If less than all of a holder's Class B Special Shares represented by any share certificate or share certificates are redeemed pursuant to this subsection 4.5, a new share certificate representing the balance of the Class B Special Shares held by such holder shall be issued to such holder, at the expense of the Corporation, on the later of the applicable redemption date and the date of receipt by the Corporation of the share certificate or share certificates representing the shares to be redeemed.
Subject as aforesaid, no payment or adjustment will be made on account of any dividend, accrued or otherwise, on the Class "B" Special Shares converted or the Common Shares resulting from any conversion.
Fractional votes by the holders of Class "B" Special Shares shall not, however, be permitted and any fractional voting rights shall, after aggregating all Common Shares into which Class "B" Special Shares held by each holder could be converted, be rounded to the nearest whole number.
This does not mean it cannot be done but if the BPW will have committees then there should be a parallel change in the bylaws.
Such redemption notice shall notify Xxxxxx Xxxxxx of Brantford’s intention to redeem the Class B Special Shares it holds in Amalco Holdco.
The panel similarly found that “reasonable minds could certainly doubt the veracity of the prosecutor’s explanations.” App.