Class B Stock definition
Class B Stock means Class B Stock, par value $1.00 per share, of the Company.
Class B Stock shall have the meaning set forth in the recitals.
Class B Stock has the meaning set forth in the Recitals.
Examples of Class B Stock in a sentence
Any such Redemption shall be treated for federal income tax purposes as a sale of the Redeeming Member’s Class B Units (together with the same number of shares of Class B Stock) to LGN in exchange for shares of Class A Stock or cash, as applicable.
This Section 3.1(e) shall be applied to maintain at all times (i) a one-to-one ratio between the number of Class A Units owned, directly or indirectly, by LGN and the number of outstanding shares of Class A Stock or (ii) a one-to-one ratio between the number of Class B Units owned by Members (other than LGN and its Subsidiaries) and the number of outstanding shares of Class B Stock.
More Definitions of Class B Stock
Class B Stock means capital stock in an FHLBank, including subclasses, that has the characteristics of class B stock set forth in the Act and Regulations.
Class B Stock means the Class B Common Stock, par value $.01 per share, of the Issuer and any securities, cash or property into which the Class B Common Stock may be changed or for which the Class B Common Stock may be exchanged.
Class B Stock means the Class B Stock issued under this Capital Plan to the Members of the Bank.
Class B Stock shall, as applicable, (i) mean the Class B Common Stock, par value $0.01 per share, of SEI or (ii) following any consolidation, merger, reclassification or other similar event involving SEI, mean any shares or other securities of SEI or any other Person or cash or other property that become payable in consideration for the Class B Stock or into which the Class B Stock is exchanged or converted as a result of such consolidation, merger, reclassification or other similar event.
Class B Stock means the Class B Common Stock of the Company.
Class B Stock means the Class B common stock, par value $0.0001 per share, of the Company.
Class B Stock means the Class B Stock, par value $0.66 2/3 per share, of the Company.