Examples of GM Certificate of Incorporation in a sentence
The GM Certificate of Incorporation will be amended to delete provisions relating to the existing GM Class H Common Stock and to add new provisions setting forth the terms of the New GM Class H Common Stock.
As part of the Hughes Transactions, the GM Certificate of Incorporation will be amended to eliminate any possible application of the recapitalization provision to the Hughes Transactions.
NO RECAPITALIZATION INTO GM $1 2/3 COMMON STOCK The Hughes Transactions will not result in a recapitalization of GM Class H Common Stock into GM $1 2/3 Common Stock at a 120% exchange ratio as currently provided for under certain circumstances in the GM Certificate of Incorporation.
The separate financial statements of Hughes Telecom exclude such purchase accounting adjustments from the pro forma calculation of earnings available for the payment of dividends on New GM Class H Common Stock, consistent with the provisions of the GM Certificate of Incorporation as proposed to be amended in the Hughes Transactions.
GMH stock votes separately as a class only on any amendment to the GM Certificate of Incorporation which adversely affects the rights, powers or privileges of the GMH common stock or increases the number of authorized shares of GMH common stock.43 As noted above, the parties are providing documents in response to this request under separate cover letter.
We calculated the pro forma book value per share at June 30, 1997 based on the liquidation rights of each class of stock under the GM Certificate of Incorporation as proposed to be amended.
As currently provided in the GM Certificate of Incorporation, the earnings attributable to GM Class H Common Stock for purposes of determining the amount available for the payment of dividends on GM Class H Common Stock specifically exclude such adjustments.
You have advised us, and we have assumed, that as a result of the GM Charter Amendment, the provisions of Article Fourth, Division I, Section (c) of the GM Certificate of Incorporation should not apply to the Transactions.
The GM Certificate of Incorporation, as proposed to be amended in the GM Spin-Off Merger, will also provide that, in calculating the amount available for payment of dividends on New GM Class H Common Stock (which amount will also be used to calculate earnings per share of New GM Class H Common Stock), the remaining purchasing accounting adjustments applicable to the telecommunications and space business of Hughes Electronics will not be charged against the earnings of New Hughes Electronics.
We also calculated book value per share based on the liquidation rights of each class under the GM Certificate of Incorporation as proposed to be amended.