Examples of Holdings Class B Common Stock in a sentence
If any Member otherwise would be entitled to receive a fractional share of Holdings Class B Common Stock, such Member will instead receive cash in an amount equal to the product of the applicable fraction of a share multiplied by the closing sales price of the DIRECTV Common Stock on The NASDAQ Global Select Market on the Closing Date.
Without limiting the foregoing, in the event of any stock split, stock dividend or other change in the capital structure of Holdings affecting the Holdings Class B Common Stock, the number of shares of Holdings Class B Common Stock constituting Member Shares shall be adjusted appropriately, and this Agreement and the obligations hereunder shall be deemed amended and shall attach to any additional shares of Holdings Class B Common Stock.
From and after the Merger Effective Time, subject to Section 4, if any Member acquires record or Beneficial Ownership of shares of any Holdings Class B Common Stock (including pursuant to the exercise, conversion or exchange of any Convertible Security), such Member shall promptly notify Holdings and DIRECTV of the number of shares so acquired, and such shares shall become Member Shares for purposes of this Agreement.
As described in Item 3 above, the Shares beneficially owned by the Reporting Person were acquired upon the conversion of Holdings Class B Common Stock pursuant to the Mergers.
AWA made arrangements for the issuance of Holdings Class B Common Stock upon the exercise of such warrants by purchasing an option from Holdings to acquire such stock.
Subject to the approval of Holdings’ Board of Directors, the Employee will be granted an option (the “Option”) to purchase up to 150,000 shares of Holdings Class B Common Stock (the “Option Shares”) at an exercise price of $4.20 per share (the “Exercise Price”).
The tenant in common purchase and sale agreement required execution of the cotenancy agreement: Pursuant to paragraph 6(c) of the purchase and sale agreement, delivery of an executed cotenancy agreement “to govern the respective rights and obligations of each Cotenant” was a condition of closing.purchase and sale agreement but also the arbitration provision they drafted for the cotenancy agreement was a limited one.
Malone Trust A (collectively, the "Malones") and possibly certain transferees of the Malones, of all of their shares of Splitco Series B Common Stock to Holdings, in exchange for Holdings Class B Common Stock and cash in lieu of fractional shares pursuant to the Voting and Right of First Refusal Agreement, dated as of May 3, 2009 (as amended through the date hereof, the "Malone Agreement"), by and among DIRECTV, Holdings, the Malones and Liberty Entertainment, Inc.
As at the Effective Date of this Agreement, an aggregate of 10,169,746 shares of Holdings Class A Common Stock are issued and outstanding, and no shares of Holdings Class B Common Stock have been issued.
Xxxxxx Holdings Class A Shares") and upon completion of the Exchange is expected to Beneficially Own 681,882 shares of Holdings Class B Common Stock (the "Xxx.