Examples of Class X Common Shares in a sentence
Solely for U.S. tax purposes, the Parties will treat the reorganization of the capital of the Company pursuant to Section 2.3(l), the redemption of the Preferred Shares pursuant to Section 2.3(m), and the purchase of the Class X Common Shares pursuant to Section 2.3(n) as a sale or exchange of all of the Common Shares of the Company held by the Common Shareholders (other than any Common Shares held by the Purchaser) for the Consideration.
Pursuant to the authority contained in Article IV of the Articles of Incorporation of the Corporation and Section 2-208 of the Maryland General Corporation Law, the Board of Directors of the Corporation, by resolution adopted June 4, 1997, classified the following additional Shares out of the authorized, unissued and unclassified Shares of the Corporation: (1) Class X Common Shares: Two billion (2,000,000,000) Shares.
SHARE CAPITAL4.1 The authorised share capital of the Company at the date of adoption of these Bye-laws is US$517,500 divided into 20,000,000,000 Class A Common Shares, 1,000,000,000 Class X Common Shares and 2,000,000,000 Undesignated Shares.
The holders of the Class X Common Shares shall be entitled to receive notice of, and to attend, all meetings of the shareholders of the Company and shall have four (4) votes for each Class X Common Share held at all meetings of the shareholders of the Company, except for meetings at which only holders of another specified class or series of shares of the Company are entitled to vote separately as a class or series.
The holders of Preferred Shares shall be entitled to receive, in preference to the holders of Common Shares and Class X Common Shares, non-cumulative annual dividends calculated at the rate per Preferred Share of 5% per annum of the Preferred Redemption Price.
Rights of shares (1) At the date these Bye-laws are adopted, the authorised share capital of the Company is US$500,000 is divided into 2,000,000,000 Class A Common Shares, par value US$0.0001 each, 2,000,000,000 Class X Common Shares, par value US$0.0001 each, and 1,000,000,000 Preferred Shares, par value US$ 0.0001 each.
SHARE CAPITAL 4.1 The authorised share capital of the Company at the date of adoption of these Bye- Laws is US$517,500 divided into 20,000,000,000 Class A Common Shares, 1,000,000,000 Class X Common Shares and 2,000,000,000 Undesignated Shares.
Colorado Intermediate Tax Free Fund, Class Y Class X Common Shares ..............
The holders of Class X Common Shares, Series B shall receive an amount per Class X Common Shares, Series B equal to ten percent of the Net Exchange Price divided by the number of Class X Common Shares, Series B issued and outstanding on the Effective Date, immediately prior to the Amalgamation, as calculated in accordance with Formula 5.1(b)(iv) set out on Appendix I to this Plan of Arrangement.
On the Effective Date, immediately prior to the Amalgamation, the following amounts shall be paid by the Disbursing Agent to the holders of Class X Common Shares, Series A and Series B and Class Y Common Shares: (i)Payment to Class Y Shareholders—Minimum Control Premium.