Examples of Class T-1 Common Stock in a sentence
This Section 2.7.1 shall terminate and be of no further force and effect at such time as the holders of the Class T-1 Common Stock are no longer entitled to elect any Post-Sponsor Exit Class T Directors.
Following both a Sponsor Exit Sell-Down and receipt of TOC Approval, each of the Post-Sponsor Exit Independent Directors shall be recommended for nomination by a majority vote of the Nominating Committee (one member of whom shall be appointed by the directors elected by the holders of the Class T-1 Common Stock) and nominated by the unanimous vote of all the members of the Board.
The shares of Class A Common Stock, Class S-1 Common Stock, Class S-2 Common Stock, Class T-1 Common Stock, Class T-2 Common Stock and Class T-3 Common Stock are hereinafter collectively referred to as the “Common Stock.” The Company has filed with the Securities and Exchange Commission (the “Commission”) a registration statement, including a prospectus, relating to the Shares.
For the avoidance of doubt, shares of Class A Common Stock, Class S-1 Common Stock, Class S-2 Common Stock, Class T-1 Common Stock and Class T-2 Common Stock shall be treated as a single class for purposes of this Section 4.8.
Each outstanding share of Class T-1 Common Stock may, at the option of the holder thereof, be converted at any time into one share of Class T-2 Common Stock, and subject to Section 5.1.1(ii) of the Stockholders Agreement, each outstanding share of Class T-2 Common Stock may, at the option of the holder thereof, be converted into one share of Class T-1 Common Stock.
Notwithstanding the foregoing, nothing contained herein shall be deemed to limit or restrict in any way the right of the Televisa Investors, at any time and from time to time, to convert their shares of Class T-2 Common Stock into shares of Class T-1 Common Stock up to the Maximum Voting Percentage.
Until so surrendered and exchanged, such certificates shall represent the portion of one share of the Class A Common Stock, Class T-1 Common Stock or Class T-2 Common Stock (as applicable) into which such share was converted.