Examples of Class A New Common Stock in a sentence
The Class A New Common Stock and the Class B New Common Stock shall be identical in all respects, except that the Class B New Common Stock shall not be eligible for trading on a national securities exchange or a national market system.
The Class B New Common Stock shall convert automatically into Class A New Common Stock upon the transfer of such stock to an Entity which is permitted to hold margin securities or at the request of the holder.
Reorganized AMI will have three classes of New Common Stock: Class A New Common Stock, Class B New Common Stock and Class C New Common Stock.
Evaluation of projects is conducted in accordance with the ConnectMaine rule: https://www.maine.gov/connectme/about/statutes-rulemaking Rev.
So long as any shares of Class A New Common Stock remain outstanding, the holders of a majority of outstanding shares of Class A New Common Stock will have the right to elect a majority of the directors (i.e., four of the initial seven members of the Board) (the “Class A Directors”), each of whom must be a Qualified Individual.
New Holdco shall use commercially reasonable efforts to cause the shares of the Class A New Common Stock to be listed on a national securities exchange or market system for trading on or as soon as practicable after the Effective Date.
The identities of the initial Class A Directors, as designated by the holders of the Class A New Common Stock, and the initial Class B Directors, as designated by the Senior Lender Steering Committee, shall be disclosed in the Plan Supplements.6. Officers of Reorganized AMIThe individuals currently serving as the senior officers of AMI will continue to serve in the same capacities through and following the Effective Date subject to any changes disclosed in a Plan Supplement.
So long as any shares of Class A New Common Stock remain outstanding, the holders of Class A New Common Stock will elect four Class A Directors, and the holders of Class B New Common Stock will elect three Class B Directors.
Shares of Class A New Common Stock will be not be assignable by either Mr. Singleton or Mr. Lodovic except (a) in the event of his incompetence or death, in which case the shares of Class A New Common Stock held by him may be transferred to his estate, executor, trustee, administrator, committee or other personal representative, (b) under agreed circumstances, for estate planning purposes and (c) as may otherwise be approved by the Class B Directors.
Lodovic, IV will receive one share of Class A New Common Stock pursuant to the Amended and Restated Employment Agreements.