Old Class B Common Stock definition

Old Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of the Company prior to the consummation of the Restructuring.

Old Class B Common Stock immediately prior to the Effective Time was converted into and became a number of shares of new Class D common stock of the Company, par value $0.01 per share (“New Class D Common Stock”), equal to multiplied by one share of Old Class B Common Stock; (iv) each share of issued and outstanding stock of the Company designated as class C common Stock immediately prior to the Effective Time was converted into and became one (1) share of new Class C Common Stock of the Company, par value $0.01 per share (“New Class C Common Stock”); and (v) each share of Old Common Stock of the Corporation held by the Corporation or any of its subsidiaries immediately prior to the Effective Time (collectively, the “Treasury Shares”) will automatically be canceled and retired and will cease to exist, and no consideration will be delivered in exchange therefor

Old Class B Common Stock means the class B common stock authorized by the seventh amended and restated certificate of incorporation of the Corporation.

Examples of Old Class B Common Stock in a sentence

• The aggregate number of shares of New Class D Common Stock (formerly Old Class B Common Stock) reserved for issuance under the Plan shall be 33,000 shares.

• At the Effective Time, Old Class B Common Stock shall be redesignated as New Class D Common Stock.

• At or immediately prior to the Closing, the Company shall effect the Class B Exchange such that each share of Old Class B Common Stock beneficially owned by the Investor or his Affiliates shall be exchanged for one share of New Class B Common Stock, free and clear of any and all Encumbrances (other than any Encumbrances specifically set forth in the Amended Agreements, the Services Agreement and the Voting Agreement).

• The authorized shares of Old Class B Common Stock will be redesignated as New Class D Common Stock.

• DCC has heretofore reserved an aggregate of 31,000 shares of its Old Class B Common Stock and 31,000 shares of its Class C Common Stock for issuance upon the exercise of options granted and to be granted under its 1996 Stock Option Plan, as amended (the "Plan").

• The promotions and appointments of HODs, chairpersons, directors, and deans are made according to the provisions of the Act.

• The Company shall not require any vote greater than the affirmative vote of the holders of a majority of the issued and outstanding shares of the Old Class A Common Stock and a majority of the issued and outstanding shares of the Old Class B Common Stock, each voting separately as a class, for the approval of the Reclassification.

• The Company shall not require any vote greater than a majority of the combined voting power of the issued and outstanding shares of Old Class A Common Stock and Old Class B Common Stock, voting together as a single class, for the approval of the Merger.

• The authorized capital stock of New Gaylord currently consists of (a) 10,000 shares of common stock, $100.00 par value ("New Gaylord Old Common Stock"), of which 1,000 shares are issued and outstanding and owned beneficially and of record by the Company, and (b) 10,000 shares of class B common stock, $.01 par value ("New Gaylord Old Class B Common Stock"), of which no shares are issued and outstanding.

• The authorized capital stock of GBC currently consists of (a) 10,000 shares of common stock, $100.00 par value ("GBC Old Common Stock"), of which 1,000 shares are issued and outstanding and owned beneficially and of record by the Company, and (b) 10,000 shares of class B common stock, $.01 par value ("GBC Old Class B Common Stock"), of which no shares are issued and outstanding.

More Definitions of Old Class B Common Stock

Old Class B Common Stock means the Class B Common Stock of HomePlace Holdings with a par value of $0.001 per share.

Old Class B Common Stock means the Class B Common Stock, par value$0.01 per share, of the Company prior to the consummation of the Restructuring. “Partnership” shall have the meaning set forth in the preamble hereto.

Old Class B Common Stock issued and outstanding as of immediately prior to the Effective Time shall be reclassified as, and be converted into, one validly issued, fully paid and non-assessable share of Class A Common Stock. without any action on the part of any person, including the Corporation, and concurrently with such conversion the number of authorized shares of Old Class B Common Stock shall be reduced to zero. All stock certificates, if any, that represented shares of Old Class B Common Stock immediately prior to the Effective Time shall, from and after the Effective Time, represent the same number of shares of Class A Common Stock until surrendered to the Corporation.

Old Class B Common Stock means that certain outstanding class B common stock, par value $.02 per share, authorized and issued by XO prior to, and outstanding as of, the Petition Date.

Old Class B Common Stock means the 1,960 shares of Class B common stock, par value $0.01 per share, of the Company, all of which was held by Marga prior to the consummation of the transactions contemplated by the Redemption Agreement.