Class L Common definition

Class L Common means the Company's Class L Common Stock, par value -------------- $.01 per share, and any securities into which such Class L Common Stock is hereafter converted or exchanged.

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Class L Common means the Company's Class L Common Stock, par value $.01 per share.

Class L Common shall have the meaning set forth in Section 4.5(a).

Examples of Class L Common in a sentence

The Stock Units represent a conditional right to receive Units (as defined below) consisting of Class A Common shares, Class L Common shares and Lowerco Preferred shares (the “Shares”).
Each “Unit” consists of 9 shares of Class A Common Stock of the Company, par value $.001 per share, and 1 share of Class L Common Stock of the Company, par value $.001 per share, subject to adjustment as provided in the Plan.
For example (by way of illustration only), if the Transfer Notice contemplated a sale of 100 shares of Class L Common by the transferring Investor, and if the transferring Investor at such time owns 30% of the Class L Common and if one Other Stockholder elects to participate and owns 20% of the Class L Common, the transferring Investor would be entitled to sell 60 shares (30% / 50% x 100 shares) and the Other Stockholder would be entitled to sell 40 shares (20% / 50% x 100 shares).
If the Company at any time combines (by reverse stock split or otherwise) the Class L Common into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Shares obtainable upon exercise of this Warrant shall be proportionately decreased.
The Company shall deliver to Executive an executed copy of the Partnership Agreement indicating Executive's ownership of such Class A Common Units and Class L Common Units and the General Partner shall deliver to Executive an executed copy of the LLC Agreement indicating Executive's ownership of the Percentage Interest.

More Definitions of Class L Common

Class L Common means the Company's Class L Common Stock, par value $.01 per share, or, in the event that the outstanding shares of Class L Common are hereafter recapitalized, converted into or exchanged for different stock or securities of the Company, such other stock or securities.

Class L Common has the meaning set forth in the recitals hereto.

Class L Common shall have the meaning set forth in the Recitals.

Class L Common means the Company’s Class L Common Shares, Series 1, par value $.01 per share, the Company’s Class L Common Shares, Series 2, par value $.01 per share, the Company’s Class L Common Shares, Series 3, par value $.01 per share of the Company and the Company’s Class L Common Shares, Series 4, par value $.01 per share.

Class L Common means the Class L Common, Series 3 and Class L Common, Series 4, collectively.

Class L Common means the Company’s Class L Common Shares, par value $.01 per share.

Class L Common has the meaning given to such term in Section 2E of the Agreement.

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