Examples of Class O Common Stock in a sentence
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.
The Class O Common Stock shares shall not be subject to front-end sales loads or contingent deferred sales charges.
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.
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.
Each holder of Class O Common Stock shall be entitled to one (1) vote for each share of Class O Common Stock held of record by such holder.
The holders of shares of Class B Common Stock, Class E Common Stock, Class O Common Stock and/or shares of Class V Common Stock, as such, shall not be entitled to receive any assets of the Corporation in the event of any voluntary or involuntary liquidation, dissolution, or winding up of the affairs of the Corporation.
This Note is executed and delivered as an incident to a transaction negotiated and consummated in Xxxxxx County, Texas, and shall be governed by and construed in accordance with the laws of the State of Texas.
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.
Subject to the foregoing, no shares of Class O Common Stock or Class V Common Stock may be issued by the Corporation except, in either case, to a holder of LLC Units of OpCo, such that after such issuance, such holder of shares of Class O Common Stock and/or Class V Common Stock holds an identical number of LLC Units and shares of Class O Common Stock and/or Class V Common Stock, respectively.
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.