Class B Common Share definition

Class B Common Share means a Share in the Company designated as a “Class B Common Share.”

Class B Common Share has the meaning set forth in the Recitals to this Agreement.

Class B Common Share means any non-voting class B common share of the Company.

Examples of Class B Common Share in a sentence

• Each Class A Common Share shall entitle the holder to one (1) vote on all matters subject to a vote at general meetings of the Company, and each Class B Common Share shall entitle the holder to ten (10) votes on all matters subject to a vote at general meetings of the Company.

• Each Class A Common Share is entitled to one vote, and each Class B Common Share is entitled to ten votes.

• Any conversion of Class B Common Shares into Class A Common Shares pursuant to this Article 5 shall be effected by means of the re-designation and re-classification of the relevant Class B Common Share as a Class A Common Share together with such rights and restrictions for the time being attached thereto and shall rank pari passu in all respects with the Class A Common Shares then in issue.

• In addition, if at any time more than fifty percent (50%) of the ultimate beneficial ownership of any holder of Class B Common Shares (other than the Founders or the Founders’ Affiliates) changes, each such Class B Common Share shall be automatically and immediately converted into one Class A Common Share.

• It was moved by Commissioner Clark, seconded by Commissioner Taylor and unanimously carried: THAT, Subject to the consent and approval of the Council of the City of Memphis, award of contract to The Okonite Company is approved for furnishing the Division with: 4,000 ft.

More Definitions of Class B Common Share

Class B Common Share means a Class B Common Share of Newco, which shall have attached to it such rights and restrictions as are acceptable to the Applicants, the Monitor and the Requisite Consenting Parties, acting reasonably, other than the right to vote at any meeting of the shareholders of Newco, except as required by Cayman Law;

Class B Common Share means a Class B Common Share of Newco, which shall have attached to it such rights and restrictions as are acceptable to the Applicants, the Monitor and the Requisite Consenting Parties, acting reasonably, including, without limitation, economic rights that rank pari passu to those attached to the Class A Common Shares in respect of all dividends, distributions and other payments made in connection with such shares, provided, however, that (i) such shares shall be subject to the Newco Share Terms and (ii) such shares shall not have the right to vote at any meeting of the shareholders of Newco, except as required by Cayman Law, until the earlier of (A) the date which is 42 months following the Implementation Date; and (B) the date on which Newco completes an Exit Transaction, at which time each Class B Common Share shall have the right to one vote at any meeting of the shareholders of Newco (which voting rights shall be identical to those attached to the Class A Common Shares on a share-for-share basis);

Class B Common Share means the one share of par value US$0.01 per share (or such other par value as may result from any reorganization of capital) in the capital of the Company, having the rights and being subject to the limitations set out in these Bye-Laws.

Class B Common Share has the meaning assigned to such term in Section 5.1(c).

Class B Common Share means a share of Class B Common Stock, par value $0.01, of the Issuer.

Class B Common Share means a Class B Common Share in the capital of the Company with a par value of US$0.001 per share.

Class B Common Share means a Class B Common Share of US$0.01 par value in the authorised capital of the Company issued subject to and in accordance with the provisions of the Statute and of these Articles and having the rights provided for under these Articles.