Examples of Series B Liberty Live Common Stock in a sentence
Five hundred twenty-one million, four hundred thousand (521,400,000) shares of Common Stock will be of a series designated Series A Liberty Live Common Stock, nineteen million, five hundred fifty-two thousand, five hundred (19,552,500) shares of Common Stock will be of a series designated Series B Liberty Live Common Stock, and five hundred twenty-one million, four hundred thousand (521,400,000) shares of Common Stock will be of a series designated Series C Liberty Live Common Stock.
Each share of Series B Liberty Live Common Stock will be convertible at any time, at the option of the holder thereof, into one fully paid and non-assessable share of Series A Liberty Live Common Stock.
Shares of Series A Liberty Live Common Stock and shares of Series C Liberty Live Common Stock will not be convertible at the option of the holder into shares of any other series of Common Stock.The Corporation will pay any and all documentary, stamp or similar issue or transfer taxes that may be payable in respect of the issuance or delivery of shares of Liberty Live Common Stock upon conversion of shares of Series B Liberty Live Common Stock pursuant to this paragraph (b)(i)(B).
A number of shares of Series A Liberty Live Common Stock equal to the number of shares of Series B Liberty Live Common Stock outstanding from time to time will be set aside and reserved for issuance upon conversion of shares of Series B Liberty Live Common Stock as provided herein.