Examples of Liberty Live Common Stock in a sentence
Subject to the applicable terms of any Preferred Stock Designation, dividends on the Liberty Live Common Stock may be declared and paid only out of the lesser of (A) assets of the Corporation legally available therefor and (B) the Live Group Available Dividend Amount.
Five hundred twenty-one million, four hundred thousand (521,400,000) shares of Common Stock will be of a series designated Series A Liberty Live Common Stock, nineteen million, five hundred fifty-two thousand, five hundred (19,552,500) shares of Common Stock will be of a series designated Series B Liberty Live Common Stock, and five hundred twenty-one million, four hundred thousand (521,400,000) shares of Common Stock will be of a series designated Series C Liberty Live Common Stock.
Whenever a dividend, other than a dividend that consists of a Share Distribution, is paid to the holders of one or more series of Liberty Live Common Stock, the Corporation will also pay to the holders of each other series of Liberty Live Common Stock a dividend per share equal to the dividend per share paid to the holders of such first one or more series of Liberty Live Common Stock, such that the dividend paid on each share of Liberty Live Common Stock, regardless of series, is the same.
Holders of Series C Liberty SiriusXM Common Stock, holders of Series C Liberty Live Common Stock and holders of Series C Liberty Formula One Common Stock will not be entitled to any voting powers, except as (and then only to the extent) required by the laws of the State of Delaware.
If a vote of the holders of Series C Liberty SiriusXM Common Stock, Series C Liberty Live Common Stock or Series C Liberty Formula One Common Stock should at any time be required by the laws of the State of Delaware on any matter, the holders of Series C Liberty SiriusXM Common Stock, Series C Liberty Live Common Stock or Series C Liberty Formula One Common Stock, as applicable, will be entitled to 1/100th of a vote on such matter for each share held of record.
The Corporation will not reclassify, subdivide or combine one series of Liberty Live Common Stock without reclassifying, subdividing or combining each other series of Liberty Live Common Stock on an equal per share basis.
A number of shares of Series A Liberty Live Common Stock equal to the number of shares of Series B Liberty Live Common Stock outstanding from time to time will be set aside and reserved for issuance upon conversion of shares of Series B Liberty Live Common Stock as provided herein.
Shares of Series A Liberty Live Common Stock and shares of Series C Liberty Live Common Stock will not be convertible at the option of the holder into shares of any other series of Common Stock.The Corporation will pay any and all documentary, stamp or similar issue or transfer taxes that may be payable in respect of the issuance or delivery of shares of Liberty Live Common Stock upon conversion of shares of Series B Liberty Live Common Stock pursuant to this paragraph (b)(i)(B).
Each share of Series B Liberty Live Common Stock will be convertible at any time, at the option of the holder thereof, into one fully paid and non-assessable share of Series A Liberty Live Common Stock.