Examples of Class O Common Stock in a sentence
However, if PubCo elects to require such Member to redeem less than all of its outstanding Redeemable Units (and the corresponding number of shares of Class V Common Stock or Class O Common Stock after taking into account the Exchange Rate), such Member’s participation in the required Redemption shall be reduced pro rata based on ownership of Redeemable Units.
Any shares of Class V Common Stock or Class O Common Stock surrendered in a Redemption or Direct Exchange shall automatically be deemed cancelled without any action on the part of any Person, including PubCo. Any such cancelled shares of Class V Common Stock or Class O Common Stock shall no longer be outstanding, and all rights with respect to such shares shall automatically cease and terminate.
From and after the Change of Control Redemption Date, such Member shall cease to have any rights with respect to the Redeemable Units (and the corresponding number of shares of Class V Common Stock or Class O Common Stock to be cancelled) that are subject to the Redemption pursuant to this Section 9.1(b) (other than the right to receive shares of Class M Common Stock or Class A Common Stock pursuant to Section 9.1(b)(i) upon compliance with its obligations under Section 9.1(c)).
SECOND: The Charter of the Corporation, as heretofore amended, is further amended by redesignating all of the issued and unissued shares of the Corporation's Class A Common Stock, Class C Common Stock and Common Stock that has not been further designated, respectively, as Class A Common Stock, Class C Common Stock and Class O Common Stock, respectively, of the Comstock Partners Strategy Fund series of the Corporation.
FIFTH: Each share of Common Stock, $1.00 par value per share, of the Corporation outstanding immediately prior to the effective time of these Articles of Amendment and Restatement shall be reclassified into one share of Class O Common Stock, $.001 par value per share, of the Corporation at the effective time.
The Elementary and Secondary Education Councils have reviewed the information and made a recommendation of approval of the curriculum and textbooks to the Board of Education.
The Corporation is authorized to issue Fifty Thousand (50,000) shares designated as "Class O Common Stock," each having no par value (the "Class O Common Stock").
The Corporation shall at all times reserve and keep available out of its authorized and unissued shares of Class A Common Stock and Class O Common Stock, for the purposes of effecting any conversions pursuant to this Section 4.05, the number of shares of such Class A Common Stock, that are issuable in connection with the conversion of all outstanding shares of Class E Common Stock, Class M Common Stock, and Class V Common Stock, respectively, in accordance with this Section 4.05.
Any Transfer of Units to a Permitted Transferee of such Member by a Member which also holds (x) Class V Common Stock must be accompanied by the transfer of a corresponding number of shares of Class V Common Stock (determined based upon the Exchange Rate then in effect) to such Permitted Transferee and (y) Class O Common Stock must be accompanied by the transfer of a corresponding number of shares of Class O Common Stock (determined based upon the Exchange Rate then in effect) to such Permitted Transferee.
The Board of Directors of the Corporation, without shareholder action, may amend these Articles of Incorporation to establish additional terms of the Class O Common Stock (or any series of the Class O Common Stock) pursuant to and in accordance with Section 16-10a-602 of the URBCA.