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.
The Corporation will give such notice to holders of Convertible Securities convertible into or exercisable or exchangeable for Liberty Live Common Stock as may be required by the terms of such Convertible Securities or as the Board of Directors may otherwise deem appropriate in connection with a dividend, redemption or conversion of shares of Liberty Live Common Stock pursuant to this Section A.2., as applicable.
In connection with the determination of the number of shares of any class or series of capital stock that will be issuable or the amount of other securities that will be deliverable to any holder of record of Liberty Live Common Stock upon any such conversion, redemption, dividend or other distribution (including any fractions of shares or securities), the Corporation may aggregate the shares of Liberty Live Common Stock held at the relevant time by such holder of record.
If the aggregate number of shares of capital stock or other securities to be issued or delivered to any holder of Liberty Live Common Stock includes a fraction, the Corporation will pay, or will cause to be paid, a cash adjustment in lieu of such fraction in an amount equal to the “ value” of such fraction, as the Board of Directors shall in good faith determine to be appropriate (without interest).
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.
Any shares of capital stock of the Corporation to be received by any holder of uncertificated shares of Liberty Live Common Stock pursuant to paragraph (b) of this Section A.2. (other than paragraph (b)(i) thereof) or this paragraph (f) shall be issued in book-entry form, without physical certificates, and shall be registered in the book entry account system of the Corporation’s transfer agent in the names of the holders thereof.
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.
The Corporation will not be required to issue or deliver fractional shares of any class or series of capital stock or any other securities in a smaller than authorized denomination to any holder of Liberty Live Common Stock upon any conversion, redemption, dividend or other distribution pursuant to paragraph (b) or paragraph (c) of this Section A.2. or this paragraph (f).
If less than all of the shares of Liberty Live Common Stock represented by any one certificate are to be redeemed or converted, the Corporation will issue and deliver a new certificate for the shares of Liberty Live Common Stock not redeemed or converted.