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".
As the Original Common Shareholders maintained control before the Offering, after the Final Closing of this Offering, the exercise of the super-voting rights of the Original Common Stock will not result in any additional benefits to the REG A Common Shareholders with respect to voting rights, because approximately 90% of the proceeds from this Offering are not emanating from the sales of the Class REG A, but from the sales of the Series REG A.
If the Company at any time during the term of this Agreement subdivides its outstanding Original Common Stock or issues a stock dividend in Original Common Stock, the share amounts referred to in this Agreement shall be proportionately increased.
In circumstances of the Planned Listing or the Planned IPO/RPO, sale of the majority of assets, or change of control of SRXS, if at all, the Original Common Stock, the Class A Common Stock, the Class A+ Common Stock and the Class REG A, if any, will be automatically converted to the PLS, which will have one voting right per share.