Examples of SPAC Class B Common Shares in a sentence
In the high visibility enforcement model, law enforcement targets selected high- crash or high-violation geographical areas using either expanded regular patrols or designated aggressive driving patrols.
Prior to the Effective Time, SPAC shall take all actions necessary to cause the SPAC Class B Common Shares to convert into NewCo Common Shares as set forth in Section 3.6(c), including, any required amendments to the certificate of incorporation of SPAC (the “Class B Adjustment”).
Until the later of (i) the date that the Seller Representative no longer holds any SPAC Class A Common Shares or SPAC Class B Common Shares (ii) the repayment and termination of the Promissory Note in accordance with its terms, Seller Representative shall have the right to appoint two representatives to serve as non-voting observers at all meetings of the Board of Directors of SPAC.
The New SPAC Class B Common Shares outstanding after the SPAC Amalgamation will be exchanged for New SPAC Class A Common Shares on the Closing Date pursuant to the New SPAC Articles and in accordance with the terms of the Plan of Arrangement.
Prior to the Closing and immediately prior to the closing of the PIPE Financing, the SPAC shall file the New SPAC Certificate of Incorporation with the Secretary of State of the State of Delaware, which shall provide, among other things, that (i) the SPAC will have two classes of common stock, New SPAC Class A Common Shares and New SPAC Class B Common Shares, and (ii) the Board of Directors of the SPAC will be composed of up to nine (9) directors.