Low Vote Stock definition

Low Vote Stock means Common Stock of any series that has voting rights no greater than one vote per share. The Low Vote Stock is currently comprised of Series A TCI Group Common Stock, Series A LMG Common Stock and Series A Ventures Group Common Stock.
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Low Vote Stock means the Class A Liberty Media Group Common Stock, $1.00 par value per share, issued by AT&T (or any successor referred to in paragraph 3(a) above), as it exists immediately after the Merger, and any capital stock into which the Class A Liberty Media Group Common Stock may thereafter be changed (whether as a result of a recapitalization, reorganization, merger, consolidation, share exchange, stock dividend, stock redemption, spinoff, split off or other transaction or event).
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Low Vote Stock will mean: (i) the Class A Liberty Media Group Common Stock, par value $1.00 per share, of AT&T and any capital stock into which such stock may be changed (whether as a result of a recapitalization, reorganization, merger, consolidation, share exchange, stock dividend or other transaction or event) (the "LMCA-Common"), and (ii) common stock of any class or series issued by Liberty or any Spin-Off Company that entitles the holders to lesser voting power per share than the voting power per share to which holders of some other class or series of common stock of such issuer are entitled with respect to significant matters (such as the election of directors) as to which the holders of outstanding shares of both classes or series vote together (with each other or with each other and one or more other classes or series of common stock of that issuer).
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Examples of Low Vote Stock in a sentence

  • The Holder Election Notice shall specify as to each series of High Vote Stock included in the Subject Shares, the portion of the Series Purchase Price to be paid in Low Vote Stock of the corresponding series (such portion, as to each series of High Vote Stock, being the "Series Stock Value" and as to all series for which payment in Low Vote Stock has been elected being, in the aggregate, the "Gross Stock Value").

  • Prior to the consummation of a disposition of any Member Shares in accordance with this Section 2.3(f), such Member Shares must be converted into shares of Low Vote Stock of the corresponding series.

  • At least five (5) Business Days prior to the Closing Date, the Company shall notify (the "Public Sale Notice") the ▇▇▇▇▇▇▇ Group Representative, on behalf of the Holder or each Transferor, as the case may be, as to the portion of the Closing Date Amount or Company Price, as applicable, to be paid in shares of Low Vote Stock (the "Public Sale Dollar Amount").

  • The certificates for the shares of Low Vote Stock to be delivered to the Holder on the Closing Date shall bear a customary legend to the foregoing effect but shall be free of any rights of the Company hereunder.

  • The certificates for the shares of Low Vote Stock to be delivered to the Holder on the Closing Date shall bear a customary legend to the foregoing effect, but shall be free of any rights of the Company hereunder.

  • At least five (5) Business Days prior to the Closing Date, the Company shall notify (the "Public Sale Notice") the Holder or each Transferor, as the case may be, as to the portion of the Closing Date Amount or Company Price, as applicable, to be paid in shares of Low Vote Stock (the "Public Sale Dollar Amount").

  • At the ROFR Closing, Holdings shall pay to the Member(s) (including any Permitted Transferee(s)) comprising the Seller (i) any portion of the ROFR Price that was required to be paid in cash in the manner provided in Section 7(b)(i)(C), as and if applicable, and (ii) deliver certificate(s) registered in the name of each Seller for the number of shares of Low Vote Stock required to be delivered in payment of the portion of the ROFR Price payable in Low Vote Stock.

  • The book-entry shares of Low Vote Stock to be delivered to the Holder on the Closing Date shall bear a customary legend to the foregoing effect, but shall be free of any rights of the Company hereunder, including the Call Right and all other rights of the Company hereunder.

  • The Holder Election Notice shall specify the portion of the Purchase Price to be paid in Low Vote Stock (such portion being the “Stock Value”).

  • Notwithstanding the foregoing, any Transfer after the Public Offering of Shares that are High Vote Stock that results in the conversion in such shares to Low Vote Stock shall not require compliance with any of the foregoing provisions of this Section 4.1.


More Definitions of Low Vote Stock

Low Vote Stock means has the meaning assigned to such term in the ▇▇▇▇▇▇ Call Agreement.
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