Examples of Class H Common Stock in a sentence
Shares of Class H Common Stock converted pursuant to Section 3.2.1 shall be automatically retired and cancelled and may not be reissued, and the Corporation may thereafter take such appropriate action (without the need for stockholder action) as may be necessary to reduce the authorized number of shares of Class H Common Stock accordingly.
Except as expressly provided in this Article Fourth, each of the Class A Common Stock, the Class B Common Stock, the Class C Common Stock and the Class H Common Stock shall have the same rights and privileges and rank equally, share ratably and be identical in all respects as to all matters.
This percentage amount, which we call the "Class H Fraction," changes depending on the number of shares of GM Class H Common Stock outstanding at any time.
Revocations should be sent to the Secretary of General Motors at the following address: General Motors Corporation General Motors Building 3044 West Grand Boulevard Detroit, Michigan 48202-3091 Attention: Secretary THE ISSUERS The New GM Class H Common Stock will be issued by General Motors.
The lawsuits seek injunctions against the Hughes Transactions (or any other disposition of Hughes Defense in the absence of a recapitalization of the GM Class H Common Stock into GM $1 2/3 Common Stock at a 120% exchange ratio) and compensatory damages.
Each share of GM Class H Common Stock will become a share of New GM Class H Common Stock.
For such purpose, we have assumed that the per share liquidation unit of the New GM Class H Common Stock is 0.50, which is the same as for the GM Class H Common Stock.
The Company shall not consent to any amendment to the Merger Agreement (or to any exhibit, schedule or annex thereto) that would permit, except to the extent any such issuance is permitted by the terms of the Merger Agreement as in effect as of the date of this Agreement, the issuance of additional shares of GM Class H Common Stock (as such term is used in the Merger Agreement), including any modification of such term thereunder, without the prior written consent of Investor.
Because New Hughes Electronics contemplates retaining future earnings for the development of its business, General Motors does not anticipate that it will initially pay any cash dividends on the New GM Class H Common Stock.
The current policy of the GM Board is to pay a quarterly dividend of $0.25 per share on the existing GM Class H Common Stock.