Examples of Class Y Common Stock in a sentence
The assets attributable to the Class Y Common Stock of the Fund shall be invested in the same investment portfolio of the Fund, together with the assets attributable to the other classes of Common Stock of the Fund and to any other class of shares of the Fund hereinafter established.
As more fully set forth hereinafter, the assets and liabilities and the income and expenses of the Class Y Common Stock of the Corporation shall be determined separately from the other classes of Common Stock of the Corporation and, accordingly, the Corporation's net asset value, dividends and distributions payable to holders, and amounts distributable in the event of liquidation of the Corporation to holders of shares of the Corporation's stock, may vary from class to class.
Dividends or other distributions declared and paid with respect to the Class Y Common Stock may vary among holders thereof in order to account for differences in the fees and expenses payable to the Dealer Manager with respect to such Class Y Common Stock.
If, at any time, Executive Holdco no longer has the right to designate any directors for nomination to the Board or Governing Body and Silver Lake no longer has the right to designate any directors for nomination to the Board or Governing Body, then any Stockholder may transfer the shares of Class Y Common Stock held by such Stockholder to the Company for no consideration, upon which transfer such shares of Class Y Common Stock shall be retired by the Company pursuant to Section 6.3 of the Company Charter.
The disposition in Table I reflects the cancellation for no consideration of a number of shares of Class X Common Stock and Class Y Common Stock upon the exchange of an equal number of limited liability company units of Endeavor Operating Company, LLC ("OpCo Units").
ASSESSMENT CONSIDERATIONS 15APPENDIX A PETITION AND WAIVER AGREEMENT TEMPLATE 16 1.
The disposition in Table I reflects the cancellation for no consideration of a number of shares of Class X Common Stock and Class Y Common Stock upon the exchange of an equal number of limited liabilitycompany units of Endeavor Operating Company, LLC ("OpCo Units").
This Agreement shall terminate immediately upon the date that the Company ceases to offer shares of Class Y Common Stock and Class Z Common Stock in the Offering; provided, however, Sections 1, 2 and 3 shall remain in effect until the final payment of the Funding Amounts, and the final issuance of the Series C Units for such Funding Amounts, as contemplated by those sections.
SECOND: The Charter of the Corporation is hereby amended by redesignating the issued and unissued shares of the Class A Common Stock, Class B Common Stock, Class C Common Stock, Class Y Common Stock and Class Z Common Stock, respectively, of the Smith Barney Financial Services Fund as the Class A Common Stock, Class B Common Stock, Class C Common Stock, Class Y Common Stock and Class Z Common Stock, respectively, of the Legg Mason Partners Financial Services Fund of the Corporation.
Effective upon the commencement of the sale of shares of Class Y Common Stock and Class Z Common Stock in the Offering, the Sponsor or an affiliate agrees to fund the payment (as further described in the Prospectus) of (i) the upfront 3% sales commission for the sale of Class Y Common Stock, (ii) the upfront 3% dealer manager fee for the sale of Class Y Common Stock, and (iii) the estimated 1% organization and offering expenses for the sale of Class Y Common Stock and Class Z Common Stock.