Examples of Class B Common Stock in a sentence
Schedule I hereto sets forth opposite the Stockholder’s name the number of all of the shares of Class B Common Stock over which the Stockholder has beneficial ownership as of the date hereof.
The Stockholder is executing this Agreement solely in his capacity as a record or beneficial holder of shares of Class B Common Stock.
Notwithstanding any of the foregoing, the Manager may make any amendment (i) of an administrative nature that is necessary in order to implement the substantive provisions hereof, without the consent of any other Member; provided, that any such amendment does not adversely change the rights of the Members hereunder in any respect, or (ii) to reflect any changes to the Class A Common Stock or Class B Common Stock or the issuance of any other capital stock of the Corporation.
As of the date of this Agreement, 5,004,638 shares of ListCo Class A Common Stock, 2,311,134 shares of ListCo Class B Common Stock, and 1 share of ListCo Preferred Stock are issued and outstanding.
Notwithstanding the foregoing, in the event the Manager requires the Members to exchange less than all of their outstanding Units (and to surrender a corresponding number of shares of Class B Common Stock for cancellation), each Member’s participation in the Change of Control Transaction shall be reduced pro rata.