Examples of Class T-1 Common Stock in a sentence
The holders of the Class A Common Stock, the holders of the Class S-1 Common Stock, the holders of the Class T-1 Common Stock and the holders of the Class T-3 Common Stock, voting together as a single class, shall be entitled to elect a number of Directors equal to the then authorized number of Directors that constitute the Board, less the total number of Directors that the holders of Class S-1 Common Stock and Class T-1 Common Stock are then entitled to elect pursuant to Sections 4.5.2(b), (c), and (d).
Any vacancy in the office of a Sponsor Sell-Down Independent Director (whether due to resignation, removal or otherwise) shall be filled by the holders of the Class A Common Stock, the holders of the Class S-1 Common Stock, the holders of the Class T-1 Common Stock and the holders of the Class T-3 Common Stock, voting as a single class.
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.
The holders of the Class T-1 Common Stock, voting as a separate class, shall be entitled to nominate and elect such number of Directors as would represent a percentage of the then authorized number of Directors that constitute the Board equivalent to the Televisa Investors’ then Voting Percentage (rounded to the nearest whole number of Directors), but, subject to applicable law, in no event less than three (3) Directors.
The holders of the Class T-1 Common Stock, voting as a separate class, shall also have the right to remove any Class T Director with or without cause.
The holders of the Class S-1 Common Stock, the holders of the Class T-1 Common Stock and the holders of the Class T-3 Common Stock, voting together as a single class, shall elect one (1) Director, who shall be the Chief Executive Officer of the Corporation (the “ CEO Director”).
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.
The Directors that the holders of the Class T-1 Common Stock have the right to elect hereunder are referred to as the “ Post-Sponsor Exit Class T Directors”.
Any vacancy in the office of a Sponsor Sell-Down Class T Director (whether due to resignation, removal or otherwise) shall be filled solely by the holders of the Class T-1 Common Stock, voting as a separate class.
The Directors that the holders of the Class T-1 Common Stock have the right to elect hereunder are referred to as the “ Sponsor Sell-Down Class T Directors”.