Examples of Class L Common Stock in a sentence
The shares of Class L Common Stock, Class M Common Stock, Class X Common Stock and New Class X Common Stock may be issued and sold subject to such different sales loads or charges, whether initial, deferred or contingent, or any combination thereof, as the Board of Directors may from time to time establish in accordance with the Investment Company Act of 1940 and the rules adopted by the National Association of Securities Dealers, Inc.
The 2010 Plan reflects a recapitalization of Broadcasting Partners and Broadcast Holdings whereby the original Class A Common Stock and Class L Common Stock of Broadcasting Partners and shares of Preferred Stock of Broadcast Holdings were converted to new classes of stock of Broadcasting Partners.
The Corporation shall not in any manner subdivide or increase the number of (by stock split, stock dividend or other similar manner), or combine in any manner, the outstanding shares of Class L Common Stock.
No amendment to the provisions of this Section 4.12 shall be effective without the prior written consent of the holders of a majority of the then outstanding shares of Class L Common Stock or, if there is no Class L Common Stock then outstanding, the holders of a majority of the Class L Common Stock at the time such Common Stock was converted into Class A Common Stock.
Each holder of Class L Common Stock and Class A Common Stock shall be entitled to one vote for each share thereof held.