Examples of Class P Common Stock in a sentence
A holder of Class A Shares may, from time to time prior to May 31, 2015, elect to convert some, or all, of its Class A Shares in order to sell the resulting shares of the Issuer’s Class P Common Stock (“Common Shares”) to a third party or to make a distribution of such resulting Common Shares to its investors or partners.
If at any time the outstanding shares of Class A Common Stock, Class P Common Stock, Class T Common Stock, and Class V Common Stock are subdivided into a greater number of shares, whether by stock split, stock dividend or otherwise, then the Exercise Price will be reduced proportionately and the number of Warrant Shares remaining to be purchased hereunder will be increased proportionately.
Conversely, if at any time the outstanding shares of Class A Common Stock, Class P Common Stock, Class T Common Stock, and Class V Common Stock are consolidated into a smaller number of shares, then the Exercise Price will be increased proportionately and the number of Warrant Shares remaining to be purchased hereunder will be reduced proportionately.
Conversely, if at any time the outstanding shares of Class A Common Stock, Class P Common Stock, Class T Common Stock, and Class V Common Stock are consolidated into a smaller number of shares, then the Exercise Price will be increased proportionately and the number of Warrant Shares remaining to be purchased hereunder, will be reduced proportionately.
If at any time the outstanding shares of Class A Common Stock, Class P Common Stock, Class T Common Stock, and Class V Common Stock are subdivided into a greater number of shares, whether by stock split, stock dividend or otherwise, then the Exercise Price will be reduced proportionately and the number of Warrant Shares remaining to be purchased hereunder, will be increased proportionately.
Class P Common Stock On July 19, 2017, our board of directors approved a $2 billion common share buy-back program that began in December 2017.
Because we sold 1,505 shares of Class P Common Stock in the Private Placement for proceeds of $1,128,750, we are obligated to contribute to the capitalization of the Joint Venture Company an additional $507,938 in each of these scenarios.
Any term of this Agreement may be amended, terminated or waived (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of the Company and the holders of a majority of the shares of Class P Common Stock.
If at any time there is a pro rata (based upon the respective number of outstanding shares of each class) redemption or repurchase of the Class A Common Stock, Class P Common Stock, Class T Common Stock, and Class V Common Stock, the number of Warrant Shares remaining to be purchased hereunder shall be decreased by a percentage equal to the percentage of Common Stock so redeemed or repurchased.
Except as otherwise explicitly permitted herein, no Stockholder holding of record shares of Class P Common Stock, or any shares of capital stock of the Company issued as a dividend or other distribution with respect thereto (collectively, the “Securities”), may transfer, assign, pledge or otherwise dispose of or encumber any of the Securities or any interest therein.