Examples of Tricom Class B Stock in a sentence
The Restructuring Dilution Transactions and other Dominican corporate actions contemplated by the Plan will include steps intended to terminate and/or amend Tricom’s current Shareholders’ Agreement as necessary and/or appropriate, and to amend Articles 5 and 6 of Tricom’s existing by laws prior to implementation of such transactions in order to, among other things, allow the issuance of Tricom Class B Stock to Holding Company.
As of the date hereof, Tricom has an authorized capital of RD$800,000,000 divided into 55,000,000 shares of Tricom Class A Stock and 25,000,000 shares of Tricom Class B Stock with a par value of RD$10.00 each.
As soon as practicable following Holding Company’s acquisition of all or substantially all of the Tricom Stock pursuant to or as a result of the Restructuring Dilution Transactions, (i) Tricom will adopt its New Constituent Documents, which will provide for, among other things, one class of Tricom Stock, namely, Tricom Class A Stock; and (ii) Holding Company will convert all of its shares of Tricom Class B Stock into shares of Tricom Class A Stock.
There are (a) 45,458,045 shares of Tricom Class A Stock currently issued and outstanding and 9,541,955 shares of Tricom Class A Stock currently unissued and (b) 19,144,544 shares of Tricom Class B Stock currently issued and outstanding and 5,855,456 shares of Tricom Class B Stock currently unissued.
The Restructuring Dilution Transactions and other Dominican corporate actions contemplated by this Plan will include steps intended to terminate and/or amend Tricom’s current Shareholders’ Agreement, as necessary and/or appropriate, and to amend Articles 5 and 6 of Tricom’s existing by laws prior to implementation of such transactions in order to, among other things, allow the issuance of Tricom Class B Stock to Holding Company.
Such amendment will maintain the number of shares of Tricom Class B Stock currently provided by Article 5 of Tricom’s bylaws, namely 25,000,000 shares, and provide that all new shares into which Tricom’s authorized capital is to be divided, including the Capital Increase Stock, will be shares of Tricom Class A Stock.
Tricom currently has an authorized capital of RD$800,000,000, divided into 55,000,000 shares of Tricom Class A Stock and 25,000,000 shares of Tricom Class B Stock with a par value of RD$10.00 each.
Likewise, Article 5 of Tricom’s bylaws will be further amended to eliminate the current restriction contained therein for the issuance of additional shares of Tricom Class B Stock to Holding Company.
There are 19,144,544 shares of Tricom Class B Stock currently issued and outstanding and 5,855,456 shares unissued.If, assuming the current capital structure of Tricom, the Restructuring Dilution were to be accomplished exclusively by Capital Increase, Tricom would likely have to increase its authorized capital by up to RD$30,000,000,000 to have the practical effect of diluting the Existing Tricom Equity Interests to a de minimis amount with de minimis value.
Seller shall provide NYSERDA with written notice prior to any material modification of the BR Facility, including but not limited to any modification that is expected to result in a change to the Installed Capacity of the BR Facility, which shall include a written description of the planned modification.