New Class B Common Stock definition

New Class B Common Stock means the Class B Common Stock to be issued by Reorganized Tribune in connection with the implementation of, and as authorized by, this Plan, which shall have the powers, preferences and rights and be subject to the limitations, qualifications and restrictions, in each case as set forth in the Certificate of Incorporation.
Sample 1Sample 2Sample 3
New Class B Common Stock means Class B common stock, par value of one thousandth of a penny ($0.00001) per share, which will be “vote-only” interests in Reorganized PubCo.
Sample 1Sample 2Sample 3
New Class B Common Stock has the meaning set forth in the Recitals.
Sample 1Sample 2Sample 3

Examples of New Class B Common Stock in a sentence

  • The New Money Investor acknowledges that the terms of the Plan contemplate the New Money Investors agreeing to allow the Company to redirect up to approximately one million of their seven million shares of New Class B Common Stock to celebrities in consideration for their involvement with the Company.

  • All of the issued and outstanding shares of New Class A Common Stock and New Class B Common Stock have been, or will be on the Effective Date duly authorized, validly issued, fully paid, and nonassessable.

  • On the Effective Date and the Closing Date, there shall be approximately ten million (10,000,000) shares of New Class A Common Stock and New Class B Common Stock, in the aggregate, issued and outstanding, with such number including the Celebrity Shares.

  • Prior to the Closing, Seller shall, and shall cause the Company to, cause the Organizational Documents of the Company to be amended, and take such other actions as are necessary, to effect a stock split and recapitalization of the outstanding Common Stock into 90,100 shares of New Class A Common Stock and 9,900 shares of New Class B Common Stock.

  • Pursuant to the distribution provisions of the Plan, on the Class 5 Distribution Date and/or Subsequent Distribution Dates, the General Unsecured Claims Trust Trustee will distribute to holders of Allowed General Unsecured Claims their Pro Rata Share of New Class B Common Stock and proceeds of the Distribution Note B as indicated in Sections 4.5(b)(i) and (ii) of the Plan.


More Definitions of New Class B Common Stock

New Class B Common Stock means the Class B shares of authorized common stock, par value $.01 per share, of the Company.
Sample 1Sample 2
New Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Restructured Company.
Sample 1Sample 2
New Class B Common Stock means new shares of Class B common stock of PES Inc.
Sample 1Sample 2Sample 3
New Class B Common Stock means the shares of Class B common stock, par value $0.01 of the Company, as of the Effective Time, with such rights and preferences as set forth in the A&R Charter.
Sample 1Sample 2Sample 3
New Class B Common Stock means the 7.0 million shares of authorized common stock of Reorganized PHI, par value $.01 per share, to be issued to the New Money Investors under the Plan.
Sample 1Sample 2Sample 3
New Class B Common Stock means the 7,000,000 shares of Class B Common Stock to be issued to the New Money Investors under the Plan.
Sample 1Sample 2Sample 3
New Class B Common Stock means the new non-voting class B common stock in Reorganized ONE Aviation to be issued on the Effective Date or upon exercise of the Warrants, as applicable, pursuant to the terms of the Plan, the New Organizational Documents, and the New Warrants Agreement.
Sample 1Sample 2