Class B Stock definition

Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

Class B Stock shall have the meaning set forth in the recitals.

Class B Stock means capital stock in an FHLBank, including subclasses, that has the characteristics of class B stock set forth in the Act and Regulations.

Examples of Class B Stock in a sentence

• The AccommodationCo Share, if any, shall be converted into and become one share of Class B stock (“Class B Stock”) of the Surviving Corporation and shall constitute the only outstanding share of Class B Stock of the Surviving Corporation.

• Except as otherwise required by applicable law, the holders of Class B Stock, exclusively and as a separate class, shall be entitled to elect all of the directors of the Company at each meeting or pursuant to each consent of the Company’s shareholders for the election of directors.

• Any director may be removed during his or her term of office, either with or without cause, by, and only by, the affirmative vote of the holders of Class B Stock given either at a special meeting of such shareholders duly called for that purpose or pursuant to a written consent of the Company’s shareholders, and any vacancy thereby created may be filled by, and only by, the holders of Class B Stock represented at the meeting or pursuant to written consent.

• The rights, powers, privileges, preferences and restrictions of the Class A Stock and Class B Stock are as follows.

• In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, including in the event of a merger, Final Form consolidation, asset sale, or other transaction (each, a “Liquidation Event”), each holder of Class B Stock shall be entitled to a payment, in cash, of $[●] per share of Class B Stock held by such holder at the effective time of the Liquidation Event.

More Definitions of Class B Stock

Class B Stock has the meaning set forth in the Recitals.

Class B Stock shall, as applicable, (i) mean the Class B Common Stock, par value $0.01 per share, of SEI or (ii) following any consolidation, merger, reclassification or other similar event involving SEI, mean any shares or other securities of SEI or any other Person or cash or other property that become payable in consideration for the Class B Stock or into which the Class B Stock is exchanged or converted as a result of such consolidation, merger, reclassification or other similar event.

Class B Stock means the Class B common stock, par value $.01 per share, of the Company.

Class B Stock means the Class B Common Stock of the Company.

Class B Stock means the Class B Stock issued under this Capital Plan to the Members of the Bank.

Class B Stock means the Class B Common Stock, par value $.01 per share, of the Issuer and any securities, cash or property into which the Class B Common Stock may be changed or for which the Class B Common Stock may be exchanged.

Class B Stock means the Class B Stock, par value $0.01 per share, of the Company.