Examples of Class B Transferee in a sentence
For the avoidance of doubt, no Class B Committed Note Purchaser may disclose any of the foregoing information to any Class B Transferee who is a Disqualified Party without the prior written consent of an Authorized Officer of the Issuer, which consent may be withheld for any reason in the Issuer’s sole and absolute discretion.
Any shares of Class B Common Stock retained by Ford or any of its subsidiaries following any such transfer of shares of Class B Common Stock to the Class B Transferee shall automatically convert into shares of Class A Common Stock upon such transfer.
Prior to a Tax-Free Spin-Off, shares of Class B Common Stock representing more than a 50% economic interest in the then outstanding Common Stock taken as a whole transferred by Ford or any of its subsidiaries in a single transaction to one unrelated person (together with its successors, the "Class B Transferee") or any subsidiary of the Class B Transferee shall not automatically convert to Class A Common Stock upon the transfer of such shares.
In the event of foreclosure or other similar action by the pledgee, such pledged shares of Class B Common Stock may only be transferred to a Permitted Class B Transferee or shall be converted into shares of Class A Common Stock.
Since 1978, the definition of what is an “industrial use” has expanded and as a result, almost all of the land uses that are located in areas zoned for industrial uses are in fact, not production- based manufacturing but rather warehouse and distribution facilities for goods produced elsewhere.
Shares of Class B Common Stock shall not convert into shares of Class A Common Stock (i) in any transfer effected in connection with a distribution of Class B Common Stock to stockholders of Ford or of the Class B Transferee in a transaction intended to be tax-free under Section 355 of the Internal Revenue Code of 1986, as amended from time to time (the "Code"), (a "Tax-Free Spin-Off") or (ii) except as otherwise set forth below in this paragraph (c)(6)(B), in any transfer after a Tax-Free Spin-Off.
No person holding shares of Series B Preferred may transfer, and the Corporation shall not register the transfer of, such shares of Series B Preferred, whether by sale, assignment, gift, bequest, appointment or otherwise, except to a Permitted Class B Transferee (as defined in the Amended and Restated Articles of Incorporation of the Corporation).
With respect to any holder of Class B Common Stock, each share of Class B Common Stock held by such holder shall automatically, without any further action on behalf of the Corporation or otherwise, convert into one fully paid and nonassessable share of Class A Common Stock upon a transfer of such share of Class B Common Stock by its holder to any person that is not a Permitted Class B Transferee.
All messaging and communications between the utility and the technology providers will go through a single-entry point (i.e., aggregator or program implementer).
For purposes of this Agreement, "Immediate Family" shall mean any person who qualifies as a "Permitted Class B Transferee" as set forth in the Company's Articles of Incorporation.