Class M Common Shares definition

Class M Common Shares shall have the meaning as provided in Section 5.1 herein.

Class M Common Shares means the Company’s class M-1 common shares, class M-2 common shares, class M-3 common shares, class M-4 common shares and any other common shares of the Company designated as a class or series of class M common shares, each having a par value $0.001 per share. ATHENE HOLDING LTD. – SHAREHOLDERS AGREEMENT

Examples of Class M Common Shares in a sentence

• Holders of Class M Common Shares will not be entitled to vote their Class M Common Shares with respect to this proposal.

• In connection with the Class M Exchange, certain of our current executive officers, including each of our named executive officers, had their Class M Common Shares converted into a combination of Class A common Shares and warrants to purchase Class A common shares, as described in more detail in “COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS—Class M Common Shares and the Class M Exchange” above.

• Belardi and Wheeler have each entered into a letter agreement pursuant to which they have agreed to vote their Class M Common Shares in favor of the proposals on which Class M shareholders are entitled to vote at the Special Meeting.

• In connection with the foregoing, the Company does not intend to repurchase any Vested Class M Common Shares that have not been vested for longer than six (6) months.

• Solely in connection with any such Company Merger Vote, such Tax Disqualified I Class A Common Shares and Class M Common Shares shall collectively represent 0.1% of the Total Voting Power of the Company (such voting power allocated equally among the Tax Disqualified I Class A Common Shares and Class M Common Shares) with the Total Voting Power attributable to the Class A Common Shares (other than Tax Disqualified I Class A Common Shares) being reduced by such percentage on a pro rated basis.

• By Bolzano– Weierstrass, we can find n(j) → ∞ and x ∈ [0, 1] such that |xn(j) — x| → 0.

• Subject to Bye-law 4.3(c), the Class M Common Shares shall have no right to vote on any matters to be voted on by the Shareholders (including, without limitation, any election or removal of directors) and the Class M Common Shares shall not be included in determining the number of shares voting or entitled to vote on such matters, except where required under Bermuda law and as provided in this Bye-law 4.3(b).

• In the event of a Liquidation resulting from circumstances set forth in either clause (ii) or clause (iii) of the definition of Sale of the Company, the “remaining assets of the Company available for distribution” (as referred to in clause (b) above) shall be deemed to be the aggregate consideration to be paid to all holders of Class A Common Shares, Class B Common Shares, and Class M Common Shares participating in such Liquidation.

• Unless and until the Group 1 Preference Amount is satisfied, the Class A Common Shares and Class B Common Shares, which shall rank pari passu with respect to one another, shall rank senior to the Class M Common Shares in terms of dividends and only after the Group 1 Preference Amount has been fully satisfied will dividends be paid pro rata to the Class A Common Shares, the Class B Common Shares and the Class M-1 Common Shares as a whole.

• The number of Vested Class M Common Shares that the Other Shareholders shall Transfer in connection with the Approved Sale under this Section 3.5 shall equal the number of Vested Class M Common Shares existing prior to the Approved Sale plus the additional number of Class M Common Shares that would have otherwise vested on a pro forma basis after giving effect to the consummation of the Approved Sale.