Class B Common Stock. 2 Closing........................................................................5
Class B Common Stock. (1) Shares of Class B Common Stock shall be convertible into shares of Class A Common Stock on a one-for-one basis (the “Initial Conversion Ratio”) (A) at any time and from time to time at the option of the holder thereof and (B) automatically on the business day following the closing of the Business Combination (as defined below).
Class B Common Stock. On the IPO Effective Date, IBG LLC shall transfer to IBG Holdings the 100 shares of Class B Common Stock, par value $0.01 per share, of IBGI then held by IBG LLC, which shares represent all of the authorized, issued and outstanding shares of such Class B Common Stock.
Class B Common Stock. (i) The Seller is not aware of and has not taken or been directed to take any action which, or otherwise failed to take any action the failure of which, resulted in the conversion of the Subject Shares from shares of Class B Common Stock to shares of Class A Common Stock, as such latter two terms are defined in the Certificate, and (ii) the Subject Shares in the hands of the Seller are shares of Class B Common Stock.
Class B Common Stock. A total of 1,000,000,000 authorized shares of Class B Common Stock ($0.01 par value per share) of which 300,000,000 shares are issued and outstanding.
Class B Common Stock. Notwithstanding anything to the contrary -------------------- contained in this Agreement, any holder of a Right which was received with respect to shares of the Company's Class B Common Stock (but not any transferee of such Right) may elect to receive shares of Class B Common Stock in lieu of shares of Common Stock upon exercise of such Right or if the Board of Directors exercises its exchange rights under Section 3.1(c) hereof to exchange the Rights for shares of Common Stock. The number of shares of Class B Common Stock to be so issued in such case shall be based upon the then-applicable conversion ratio between the Common Stock and the Class B Common Stock.
Class B Common Stock. On the IPO Closing Date, as part of the consideration for, and concurrently with the Initial Purchase, ICG LP shall transfer to ICGI Holdings 100 shares of Class B Common Stock, par value $0.01 per share (the “Class B Common Stock”) of ICGI then held by ICG LP. The shares of Class B Common Stock described in the immediately preceding sentence represent all of the authorized, issued and outstanding shares of such Class B Common Stock.
Class B Common Stock. (a) Effective upon the consummation of the Business Combination, the issued and outstanding shares of Class B Common Stock shall automatically be converted into shares of Class A Common Stock on a one-for-one basis; provided, however, in the case that additional shares of Class A Common Stock or any other equity-linked securities are issued or deemed issued in excess of the amount sold in the IPO and related to or in connection with the consummation of the Business Combination, all issued and outstanding shares of Class B Common Stock shall automatically convert into shares of Class A Common Stock at a ratio for which:
Class B Common Stock. 5 Commission................................................................. 6
Class B Common Stock. The term “Class B Common Stock” means the Class B Common Stock of the Company, par value $0.0001 per share.
