Company Class B Common Stock definition
Examples of Company Class B Common Stock in a sentence
There are 80,640,000 shares of Company Class B Common Stock that may be issued upon the conversion or exchange of outstanding Company Class A Common Stock and 80,640,000 shares of Company Class B Common Stock that may be issued upon the conversion of all the outstanding Company Convertible Notes (assuming conversion of all of the outstanding Company Convertible Notes as of the date of this Agreement.
Contingent on and effective immediately prior to the Effective Time, the Company Convertible Notes shall be (i) treated in accordance with the terms of the relevant agreements governing such Company Convertible Notes, and (ii) converted into Company Class A Common Stock or Company Class B Common Stock, as applicable (which shares of Company Class A Common Stock or Company Class B Common Stock shall be treated in accordance with Section 3.1(b) or Section 3.1(c)).
Each share of Company Class B Common Stock issued and outstanding immediately prior to the Effective Time (other than any such shares of Company Class B Common Stock cancelled pursuant to Section 3.1(a) and any Dissenting Shares) shall, in accordance with the Company Charter, be converted into the right to receive a number of Parent Class A Common Shares equal to the Conversion Ratio.