Original Common Stock definition
Examples of Original Common Stock in a sentence
Following any Spin-Off, the Calculation Agent shall calculate further adjustments pursuant to this Article 7 by applying the methodology set forth in this Article 7 to both the Original Common Stock and the New Common Stock.
If a Spin-Off occurs, the entity that is the Issuer immediately prior to the Spin-Off and the Publicly-Traded Entity resulting from the Spin-Off shall each be deemed to be the "Issuer" and the Original Common Stock and the New Common Stock shall each be deemed to be the "Common Stock".
In the event of a sale of all our assets, or a controlling interest in our stock, all our Original Common Stock, Class A Common Stock, Class A+, Class AA and Class REG A offered in this Offering, will be converted at each class’ multiple conversion ratio, prior to calculation of payout due per share.
The Original Common Stock has 15 to 1 super-voting rights, while the Class REG A has 5 to 1 super-voting rights.
If the Company at any time during the term of this Agreement combines its outstanding Original Common Stock, the share numbers referred to in this Agreement shall be proportionately decreased.