HBB Class B Shares definition
HBB Class B Shares means shares of Class B Common Stock, par value $0.01 per share, of HBB.
Examples of HBB Class B Shares in a sentence
The Partnership shall continue in existence until dissolved (a) with the consent of the General Partners owning more than seventy five percent (75%) of the General Partnership Interests and Partners owning more than ninety percent (90%) of all Partnership Interests, or (b) with the consent of the General Partners, at such time, if any, as the Partnership ceases to own any HBB Class A Shares and HBB Class B Shares.
In particular, the Partnership is initially designed as a vehicle for consolidating the management of the Partnership Property, specifically including HBB Class B Shares, providing for the succession of such management, and enhancing total returns from the Partnership Property.