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 means capital stock in an FHLBank, including subclasses, that has the characteristics of class B stock set forth in the Act and Regulations.

Examples of Class B Stock in a sentence

• The direct equity adjustments modify earnings available to holders of Common Stock and Class B Stock for earnings per share purposes.

• A minor for whom shares of Class B Stock are held pursuant to a Uniform Gifts to Minors Act or similar law shall be considered a Class B Holder of such shares.

• The issuance of certificates for shares of Common Stock upon conversion of shares of Class B Stock shall be made without charge for any stamp or other similar tax in respect of such issuance.

• Upon conversion, the Corporation shall make no payment or adjustment on account of dividends accrued or in arrears on Class B Stock surrendered for conversion or on account of any dividends on the Common Stock issuable on such conversion.

• However, if any such certificate is to be issued in a name other than that of the holder of the share or shares of Class B Stock converted, the person or persons requesting the issuance thereof shall pay to the Corporation the amount of any tax which may be payable in respect of any transfer involved in such issuance or shall establish to the satisfaction of the Corporation that such tax has been paid.

More Definitions of Class B Stock

Class B Stock has the meaning set forth in the Recitals.

Class B Stock means the Class B Stock issued under this Capital Plan to the Members of the Bank.

Class B Stock means the Class B Common Stock of the Company.

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 common stock, par value $.01 per share, of the Company.

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. Class B Stock" shall mean (i) the Class B Common Stock, without par value, of the Company, and (ii) shares of capital stock of the Company issued by the Company in respect of or in exchange for shares of such Class B Stock in connection with any stock dividend or distribution, stock split-up, recapitalization, recombination or exchange by the Company generally of shares of such Class B Stock.