Class B Common Shares definition

Class B Common Shares means shares of the Company's Common Stock, Class B, par value $0.0005.

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Class B Common Shares means the shares of Class B Common Stock or any other shares of capital stock of the Company into which the Class B Common Stock shall be reclassified or changed.

Class B Common Shares means the Class B Common Shares of the Company representing limited liability company interests in the Company, having such rights associated with such Class B Common Shares as set forth in this Agreement and any equity securities issued or issuable in exchange for or with respect to such Class B Common Shares (i) by way of a dividend, split or combination of shares or (ii) in connection with a reclassification, recapitalization, merger, consolidation or other reorganization.

Examples of Class B Common Shares in a sentence

• The Class A Convertible Preference Shares, Class A-1 Convertible Preference Shares, Class B Convertible Preference Shares and Class B-1 Convertible Preference Shares that are subject to the Drag Along Notice shall convert into Class B Common Shares (at the then-applicable Conversion Rate) immediately prior to the consummation of such Approved Sale.

• Each Required Member shall thereafter be obligated to sell all of their Common Units and corresponding Class B Common Shares on the terms set forth in the Drag-Along Notice.

• It understands that the Units and the Class B Common Shares are each being Transferred in a transaction not involving a public offering within the meaning of the Securities Act, and the Units and Class B Common Shares will comprise “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act which shall not be sold, pledged, hypothecated or otherwise transferred except in accordance with the terms of this Agreement and applicable Law.

• PubCo hereby agrees to reserve for issuance at all times an adequate number of Class B Common Shares to permit the issuance of all Class B Common Shares assuming (x) all of the Delaware Class B Earnout RSRs were to vest under their applicable terms and (y) all of PMEL’s Delaware Class B PMEL RSRs were to vest under their applicable terms.

• The Class A Convertible Preference Shares, Class A-1 Convertible Preference Shares, Class B Convertible Preference Shares and Class B-1 Convertible Preference Shares that are included in a Tag Along Offer shall convert into Class B Common Shares (at the then-applicable Conversion Rate) immediately prior to the consummation of such Tag Along Transfer.

More Definitions of Class B Common Shares

Class B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

Class B Common Shares means the shares of Class B Common Stock, par value $0.08 per share, of the Company, having such rights associated with such Class B Common Shares as set forth in the governing documents of the Company, including the Company’s Bye-laws, and any Equity Securities issued or issuable in exchange for or with respect to such Class B Common Shares (i) by way of dividend, split, subdivision, conversion or consolidation of shares or (ii) in connection with a reclassification, recapitalization, merger, consolidation, going private, tender offer, amalgamation, change of control, other reorganization or similar transaction. Notwithstanding the foregoing, for purposes of this Agreement, the term “Class B Common Shares” shall never include the Class A Common Shares into which they are convertible pursuant to the Company’s Bye-laws.

Class B Common Shares means the Class B common shares in the authorized share structure of JMB with the special rights and restrictions set out in Article 27 of the Original Articles;

Class B Common Shares means the shares of Class B Common Stock, par value $0.08 per share, of the Company, having such rights associated with such Class B Common Shares as set forth in the governing documents of the Company, including the Company’ s Bye-laws, and any Equity Securities issued or issuable in exchange for or with respect to such Class B Common Shares (i) by way of dividend, split or combination of shares or (ii) in connection with a reclassification, recapitalization, merger, consolidation, going private, tender offer, amalgamation, change of control, other reorganization or similar transaction.

Class B Common Shares means the Class B Common Shares in the share capital of Offerco having substantially the rights, privileges, restrictions and conditions set out in Appendix 1 to the Plan of Arrangement.

Class B Common Shares means the issued and outstanding class B common shares, par value $1.00 per share, of the Company outstanding immediately prior to the Effective Time.

Class B Common Shares means Class B Common Shares, par value $1 per share, of the Company or any security into which such Common Shares may be changed by reason of any transaction or event of the type referred to in Section 11 of this Plan.