Examples of Newco Class B Common Stock in a sentence
If, for example, a liberation movement exerted power over a certain territory which was administered by the 'parent' State as in the case of a colony, a mandate or a trust territory,64 this could serve to 'internationalise' the conflict, bringing it within the scope of the Geneva Conventions.
Subject to Section 4.2(e), each share of Class A common stock, par value $.01 per share, of TMCS ("TMCS Class A Common Stock") issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive 0.4464 of a share (the "Class A Exchange Ratio") of Class B common stock, par value $.01 per share, of Newco (the "Newco Class B Common Stock" and together with Newco Common Stock and Newco Convertible Preferred Stock, "Newco Capital Stock").
If, after the Effective Time, certificates representing such shares are presented for transfer to the Exchange Agent, they shall be cancelled and exchanged for certificates representing shares of Newco Common Stock, or Newco Class B Common Stock and Newco Convertible Preferred Stock, in each case, as provided in this Article IV.
The Distribution shall be deemed effective upon notification by the Company to the Transfer Agent that the Distribution has been declared, that the conditions thereto have been waived or satisfied and that the Transfer Agent is authorized to proceed with the distribution of Newco Common Stock and Newco Class B Common Stock.
A second individual constituting a member of the proposed management team will also be issued 1,500,000 shares of Newco Class B Common Stock in return for cash consideration of $7.5 million.