Class V Share definition
Examples of Class V Share in a sentence
Without limiting any other provisions thereof referenced in this Agreement, the Organizational Documents of the Surviving Pubco shall provide for formula voting such that each holder of a Surviving Pubco Class V Share shall be entitled to a number of votes equal to the number of Surviving Company Membership Units held by such holder.
The parties agree that the purchase price specified in Section 2.2(a) shall be allocated such that (a) three times the par value for each Class V Share shall be allocated to the Class V Shares and (b) the remainder of such purchase price shall be allocated to the Class A Shares.
For the Class V Options converted to Class C Options, the Option Price shall be equal to the exercise price for each such Class V Share subject to such Class V Option immediately prior to the Effective Time divided by the Exchange Ratio, rounded up to the nearest whole ▇▇▇▇▇.
Settlement of each Class C DDTA shall be in a Class C Share and settlement of each Class V DDTA shall be in a Class V Share; provided, that, in lieu of issuing any fractional Share, the Company shall make a cash payment to the Holder equal to the Fair Market Value of such fractional Share.
On any given date, the value of a Class C DDTA and a Class V DDTA credited to the Account shall equal the Fair Market Value of one Class C Share and one Class V Share, respectively.