Class B Common Stock definition
Examples of Class B Common Stock in a sentence
Upon the conversion of such Convertible Note into Class B Common Stock pursuant to the terms hereof, in lieu of any fractional shares to which the Purchaser of such Convertible Note would otherwise be entitled, the Company shall pay such Purchaser cash equal to such fraction multiplied by the price at which such Convertible Note converts.
The Company shall not be required to issue or deliver the Class B Common Stock into which such Convertible Note may convert until the Purchaser thereof has surrendered such Convertible Note to the Company and delivered to the Company any such documentation.
A Holdback Agreement shall not apply to (i) the redemption of any Newco Units and Class B Common Stock in exchange for Class A Common Stock (provided that such restrictions shall apply with respect to the Class A Common Stock issuable upon such redemption and exchange) and (ii) any shares of Class A Common Stock included in the underwritten offering giving rise to the application of this Section 5.