Examples of Class B Common Stockholder in a sentence
Whether members of the Class would be irreparably harmed if the Company issues Class A Common Stock or otherwise acts under authority granted by the Amended Charter to the extent the Share Increase Amendment and the Amended Charter have not been approved by a majority of the Class A Common Stockholders voting separately as a class (to the exclusion of the Class B Common Stockholder).
Each Class B Common Stockholder may exercise his rights hereunder only by written notice of acceptance specifying the number of Offered Shares to be purchased (the "Class B Stockholder Acceptance Notice") delivered to the Transferring Stockholder.
Any Class B Common Stockholder or his personal representative effecting a Transfer of Shares hereunder shall provide the Company with written notice of such Transfer.
In any event, no Class B Common Stockholder shall be obligated to individually purchase any of the Offered Shares.
The impact of forcing Class A Common Stockholders to vote together with the Class B Common Stockholder on the Share Increase Amendment rather than providing them with a separate class vote is significant because the Sponsor Shares comprise 20% of the Company’s combined class voting power.
Subject to the provisions of Section 7, any Class B Common Stockholder which is not an individual (an "Entity Stockholder") may Transfer by any means, and upon any terms dictated by such Entity Stockholder, all or any portion of its Shares to one or more Affiliates (as defined below) of such Entity Stockholder.
A Class B Common Stockholder may elect to purchase more Offered Shares than the portion to which he is entitled, and in such event any such Offered Shares shall be allocated among all over-electing Class B Common Stockholders on a pro rata basis based on Share ownership on a Fully Diluted Basis to the extent of any Offered Shares remaining after taking into account exercises of the Class B Common Stockholders respective minimum purchases.
The impact of forcing Class A Common Stockholders to vote together with the Class B Common Stockholder on the Share Increase Amendment rather than providing them with a separate class vote is dramatic because the Sponsor Shares comprise 20% of the Company’s combined class voting power.
On the terms and conditions set forth herein, the Class B Common Stockholder agrees to acquire from the Company, and Company agrees to issue to the Class B Common Stockholder the Class B Common Stock, in consideration of the capital contribution set forth in Schedule I hereto.
If a Class B Common Stockholder does not, within thirty (30) business days following the Voting Shift, directly or indirectly assume sole exclusive Voting Control with respect to such shares of Class B Common Stock, each such share of Class B Common Stock shall automatically convert into one fully paid and nonassessable share of Class A Common Stock.