Common use of Class B Common Stock Clause in Contracts

Class B Common Stock. (1) Shares of Class B Common Stock shall be convertible into shares of Class A Common Stock on a one-for-one basis (the “Initial Conversion Ratio”) (A) at any time and from time to time at the option of the holder thereof and (B) automatically on the business day following the closing of the Business Combination (as defined below).

Appears in 2 contracts

Samples: LF Capital Acquisition Corp. II, LF Capital Acquisition Corp. II

AutoNDA by SimpleDocs

Class B Common Stock. (1i) Shares of Class B Common Stock shall be convertible into shares of Class A Common Stock on a one-for-one basis (the “Initial Conversion Ratio”) (A) at any time and from time to time automatically at the option time of the holder thereof and (B) automatically on the business day following the closing of the an initial Business Combination (as defined below)Combination.

Appears in 1 contract

Samples: Joinder Agreement (Sentinel Energy Services Inc.)

Class B Common Stock. (1i) Shares of Class B Common Stock shall be convertible into shares of Class A Common Stock on a one-for-one basis (the “Initial Conversion Ratio”) (A) at any time and from time to time at the option of the holder thereof and (B) automatically on the business day following upon the closing of the Business Combination (as defined below)Combination.

Appears in 1 contract

Samples: Forward Purchase Agreement (Lionheart Acquisition Corp. II)

Class B Common Stock. (1a) Shares of Class B Common Stock shall be convertible into shares of Class A Common Stock on a one-for-one basis (the “Initial Conversion Ratio”) (Ai) at any time and from time to time at the option of the holder thereof and (Bii) automatically on upon the business day following the closing completion of the Business Combination (as defined below).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Virtuoso Acquisition Corp.)

AutoNDA by SimpleDocs

Class B Common Stock. (1i) Shares of Class B Common Stock shall be convertible into shares of Class A Common Stock on a one-for-one basis (the “Initial Conversion Ratio”) (A) at any time and from time to time at the option of the holder thereof and (B) automatically on the business day concurrently with or immediately following the closing of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Corporation and one or more businesses (a “Business Combination (as defined belowCombination”).

Appears in 1 contract

Samples: Business Combination Agreement (FG New America Acquisition Corp.)

Class B Common Stock. (1i) Shares of Class B Common Stock shall be convertible into shares of Class A Common Stock on a one-for-one basis (the “Initial Conversion Ratio”) (A) at any time and from time to time at the option of the holder thereof and (B) automatically on the business day concurrently with or immediately following the closing of the Initial Business Combination (as defined below).

Appears in 1 contract

Samples: Business Combination Agreement (Deerfield Healthcare Technology Acquisitions Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.