Examples of Class B Share Consideration in a sentence
A holder of Class B Shares shall be entitled, subject to applicable law and the exercise by Parent of the Retraction Call Right and otherwise upon compliance with the provisions of this Article 7, to require the Corporation to redeem all or any portion of the Class B Shares registered in the name of such holder for an amount per Class B Share equal to the Class B Share Consideration on the last Business Day prior to the Retraction Date (the “Retraction Price”).
Subject to applicable law, and provided Parent has not exercised the Redemption Call Right or a Class B Shareholder has not exercised the Class B Shareholder’s Put Right, upon the occurrence of a Redemption Event the Corporation shall have right to redeem all but not less than all of the then outstanding Class B Shares for an amount per Class B Share equal to the Class B Share Consideration on the last Business Day prior to the Redemption Date (the “Redemption Price”).
If the Arrangement includes the Class B Share Acquisition, on and after the Effective Time, all certificates that represented Class B Shares immediately prior to the Effective Time will cease to represent any rights with respect to Class B Shares and will only represent the right to receive the applicable portion of the Class B Share Consideration payable pursuant to the Plan of Arrangement.
On the Closing Date, AVT shall ---------------------------- issue to the Holders the Class B Share Consideration.
If you are a non-registered holder of Class B Shares, you should carefully follow the instructions from the Intermediary that holds Class B Shares on your behalf in order to submit your Class B Shares and receive your portion of the Class B Share Consideration.
At the Effective Time, the Holders will be deemed to -------------- have received and deposited with the Escrow Agent (i) five percent (5%) of the Class B Share Consideration (the "Class B Escrow Shares") and (ii) five percent (5%) of the Class A Share Consideration (the "Class A Escrow Shares" and, together with the Class B Escrow Shares, the "Escrow Shares"), without any act of either Holder.
ARTICLE 5 PAYMENT OF THE CLASS B SHARE CONSIDERATION 5.1 Payment of the Class B Share Consideration.
All indemnification payments made under this Agreement shall be treated by all parties as an adjustment to the Class B Share Consideration, including for Tax purposes unless otherwise required by applicable Law.
The rights of holders of Class A Shares under this Section 4.1 to receive unpaid dividends and distributions shall rank pari passu with the rights of the holders of Class B Shares to receive certain categories of unpaid dividends and distributions (as provided for in subsections (b) and (c) of the definition of Class B Share Consideration) under Section 6.1 of Part I of these share provisions.
The "Class B Share Consideration" shall be that the number of shares of AVT Common Stock (the "Class B Closing Shares") equal to $4,774,372 (the "Class B Closing Shares Value"), divided by the average of the closing prices of AVT Common Stock as reported on the Nasdaq National Market for each of the twenty (20) trading days ending three trading days prior to the Closing Date (the "Closing Average").