Examples of USAi Class B Common Stock in a sentence
To the extent that some, but not all, of the Committed Common Equity is required to satisfy Universal's obligations under the Partnership Agreement, Universal and its Affiliates shall satisfy such obligations, first out of USAi Class B Common Stock, and second out of USAi Common Stock.
As of the date hereof, there are outstanding at least 350 million shares of USAi Common Stock and 63 million shares of USAi Class B Common Stock.
Following the Closing and until such time that the obligations in Section 8.07 of the Partnership Agreement are satisfied, Universal and its Affiliates shall at all times retain at least 43,181,308 shares of USAi Common Stock and 13,430,000 shares of USAi Class B Common Stock (as adjusted for stock splits and the like, together, the "Committed Common Equity"), in each case, free of any Liens, except Permitted Liens.
To the extent that some, but not all, of the Committed Common Equity is required to satisfy the obligations of Universal and the USA Holding Entities under the Partnership Agreement, Universal and the USA Holding Entities and their respective Affiliates shall satisfy such obligations, first out of USAi Class B Common Stock, and second out of USAi Common Stock.
The shares of USAi Common Stock (including the shares of USAi Common Stock issuable upon conversion of any shares of USAi Class B Common Stock) issued pursuant to the Exchange are listed for trading on the Nasdaq National Market or on a national securities exchange (upon official notice of issuance).