Examples of Class X Common Shares in a sentence
There are no bonds, debentures, notes or other indebtedness of Buyer Pubco having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matter on which holders of Buyer Pubco Class A Common Shares, Buyer Pubco Class B Common Shares, Buyer Pubco Class C Common Shares, Buyer Pubco Class X Common Shares or Buyer Pubco Class Y Common Shares may vote.
Solely for U.S. tax purposes, the Parties will treat the reorganization of the capital of the Company pursuant to Section 2.3(l), the redemption of the Preferred Shares pursuant to Section 2.3(m), and the purchase of the Class X Common Shares pursuant to Section 2.3(n) as a sale or exchange of all of the Common Shares of the Company held by the Common Shareholders (other than any Common Shares held by the Purchaser) for the Consideration.
The holders of Preferred Shares shall be entitled to receive, in preference to the holders of Common Shares and Class X Common Shares, non-cumulative annual dividends calculated at the rate per Preferred Share of 5% per annum of the Preferred Redemption Price.
The holders of the Class X Common Shares shall be entitled to receive notice of, and to attend, all meetings of the shareholders of the Company and shall have four (4) votes for each Class X Common Share held at all meetings of the shareholders of the Company, except for meetings at which only holders of another specified class or series of shares of the Company are entitled to vote separately as a class or series.
Pursuant to the authority contained in Article IV of the Articles of Incorporation of the Corporation and Section 2-208 of the Maryland General Corporation Law, the Board of Directors of the Corporation, by resolution adopted June 4, 1997, classified the following additional Shares out of the authorized, unissued and unclassified Shares of the Corporation: (1) Class X Common Shares: Two billion (2,000,000,000) Shares.
Colorado Intermediate Tax Free Fund, Class Y Class X Common Shares.................
If the amount of adjustment is negative, the holders of Class X Common Shares, Series B shall receive an amount per share equal to ten percent of the Negative Difference minus the Interim Control Premium Difference divided by the number of Class X Common Shares, Series B issued and outstanding on the Effective Date, immediately prior to the Amalgamation, as calculated in accordance with Formula 5.1(c)(iii)(3)(a) set out on Appendix I attached to this Plan of Arrangement.
Each Covered Person shall be deemed a holder of record of Common Shares (and, upon exercise of Class X Rights, Class X Common Shares) or Class A Common Shares, as the case may be, as of the Effective Date for purposes of any dividend or other distribution paid in respect of Luxco or BermudaCo, respectively, to holders of record, or the solicitation of any votes or consents, on or after the date of the Redemption, Re-Employment or Exchange.
Reference is hereby made to the representations, warranties and covenants of the Borrower set forth in Articles 6, 7, and 8 of the Credit Agreement which are incorporated herein by reference for all purposes.
RECOMMENDED MOTION: “BE IT RESOLVED, that the Board of Cooperative Educational Services, First Supervisory District of Suffolk County, hereby approves the agreement with iTutor.com, Inc.