VOTING RIGHTS OF HOLDERS Sample Clauses

VOTING RIGHTS OF HOLDERS. In accordance with Condition 12 of the GDRs, the Depositary is seeking voting instructions from the Holders in order to exercise or cause to be exercised the voting rights in respect of the Deposited Shares as directed by such voting instructions to the extent permitted by Lebanese Law. Common Shares which have been withdrawn from the deposit facility under the Deposit Agreement and transferred on the Bank’s register of members to a person other than the Depositary or its nominee may be voted by the registered owner thereof; however, Holders may not receive sufficient advance notice of the General Meeting to enable them to withdraw Deposited Shares and vote at the General Meeting.
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VOTING RIGHTS OF HOLDERS. In accordance with Condition 12 of the Deposit Agreement relating to the GDRs, the Depositary is seeking voting instructions from the Holders in order to exercise or cause to be exercised the voting rights in respect of the Deposited Shares as directed by such voting instructions to the extent permitted by Lebanese Law. Common Shares which have been withdrawn from the depositary facility and transferred on the Bank’s register of members to a person other than the Depositary or its nominee may be voted by the registered owner thereof. However, Holders may not receive sufficient advance notice of the General Assembly to enable them to withdraw Deposited Shares and vote at the General Assembly. SUMMARY BACKGROUND INFORMATION
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VOTING RIGHTS OF HOLDERS. In accordance with Section 5 of the GDRs, the Depositary is seeking voting instructions from the Holders in order to exercise or cause to be exercised the voting rights in respect of the Deposited Shares as directed by such voting instructions to the extent permitted by Lebanese Law. Common Shares which have been withdrawn from the deposit facility under the Deposit Agreement and transferred on the Bank’s register of members to a person other than the Depositary or its nominee may be voted by the registered owner thereof; however, Holders may not receive sufficient advance notice of the General Meeting to enable them to withdraw Deposited Shares and vote at the General Meeting. SUMMARY BACKGROUND INFORMATION - On February 12, 2021, the General Assembly of Shareholders approved the issuance of new unsecured subordinated notes (the “2022 Subordinated Notes”) to be subscribed to, exclusively, through the exchange of the unsecured subordinated notes issued by the Bank in 2013 (the “2013 Subordinated Notes”); - At that same meeting, the General Assembly approved the terms and conditions of the 2022 Subordinated Notes and empowered the Chairman of the Board of Directors and the General Managers, acting severally, to perform all acts and make all determinations as may be necessary or advisable, to undertake and complete the issuance of the 2022 Subordinated Notes; - At its meeting held on September 14, 2021, the Board of Directors determined, following a preliminary market assessment conducted by management, that it would be beneficial to the Noteholders to grant them a Put Option giving them an early redemption right pursuant to which the Issuer shall, at the option of the holder of any Note, redeem such Note within one month from the Issue Date at 90.5% of its principal amount, together with interest (if any) accrued and unpaid in respect of such Note (all amounts to be paid in Lebanon in accounts that are subject to the currently applicable restrictions on cash withdrawals and cross border transfers), noting that the payment of the 10% Upfront Interest to the Noteholders on the Exchange Date will not be affected or reduced by the Put Option; - The Board also took note of the final Terms and Conditions of the 2022 Subordinated Notes, after including the aforementioned Put Option, that are described in the Exchange Offer; - On 28 March 2022, Banque du Liban, acting through its central council, approved the granting of the Put Option and requested that it be also...
Sample 1
VOTING RIGHTS OF HOLDERS. In accordance with Condition 12 of the GDRs, the Depositary is seeking voting instructions from the Holders in order to exercise or cause to be exercised the voting rights in respect of the Deposited Shares as directed by such voting instructions to the extent permitted by Lebanese Law. Common Shares which have been withdrawn from the deposit facility under the Deposit Agreement and transferred on the Bank’s register of members to a person other than the Depositary or its nominee may be voted by the registered owner thereof; however, Holders may not receive sufficient advance notice of the General Assembly to enable them to withdraw Deposited Shares and vote at the General Assembly. SUMMARY BACKGROUND INFORMATION On January 19, 2012, the Bank released its annual unaudited consolidated financial statements as of and for the year ended December 31, 2011, showing total consolidated (unaudited) profits of LL 550,551 billion (USD 365 million), total consolidated (unaudited) deposits of LL 37,382 billion (USD 24.8 billion), total consolidated (unaudited) assets of LL 43,322 billion (USD 28.7 billion) and total consolidated (unaudited) equity of LL 3,552 billion (USD 2.4 billion). On March 15, 2012, the Board of Directors,
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VOTING RIGHTS OF HOLDERS. In accordance with Section 5 of the GDRs, the Depositary is seeking voting instructions from the Holders in order to exercise or cause to be exercised the voting rights in respect of the Deposited Shares as directed by such voting instructions to the extent permitted by Lebanese Law. Common Shares which have been withdrawn from the deposit facility under the Deposit Agreement and transferred on the Bank’s register of members to a person other than the Depositary or its nominee may be voted by the registered owner thereof; however, Holders may not receive sufficient advance notice of the General Meeting to enable them to withdraw Deposited Shares and vote at the General Meeting. SUMMARY BACKGROUND INFORMATION In its meetings held on May 19, 2023, and June 23, 2023, the Board of Directors of the Bank (the “Board of Directors” or the “Board”),
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Related to VOTING RIGHTS OF HOLDERS

  • Limitation of Rights of Holders Except as set forth in Section 9.2, the death, bankruptcy, termination, dissolution or incapacity of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust Agreement, nor annul, dissolve or terminate the Trust nor entitle the legal representatives or heirs of such Person or any Holder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

  • Voting Rights The holders of shares of Series A Preferred Stock shall have the following voting rights:

  • Rights of Members Except as otherwise provided in this Agreement, (a) each Member shall look solely to the assets of the Company for the return of its Capital Contribution, (b) no Member shall have the right or power to demand or receive property other than cash from the Company and (c) except as provided in this Agreement, no Member shall have priority over any other Member as to the return of its Capital Contributions, distributions or allocations.

  • Rights of Dissent Pursuant to the Interim Order, each registered Company Shareholder may exercise rights of dissent (“Dissent Rights”) under Section 238 of the BCBCA and in the manner set forth in Sections 242 to 247 of the BCBCA, all as modified by this Article 4 as the same may be modified by the Interim Order or the Final Order in respect of the Arrangement, provided that the written notice of dissent to the Arrangement Resolution contemplated by Section 242 of the BCBCA must be sent to and received by the Company not later than 5:00 p.m. (Vancouver time) on the Business Day that is two Business Days before the Company Meeting. Company Shareholders who validly exercise such rights of dissent and who:

  • Rights of Parties Nothing in this Agreement, whether express or implied, is intended to confer any rights or remedies under or by reason of this Agreement on any Persons other than the parties hereto and their respective successors and assigns, nor shall any provision give any third Persons any right of subrogation or action over against any party to this Agreement. Without limiting the generality of the foregoing, it is expressly understood that this Agreement does not create any third party beneficiary rights.

  • Control by Holders The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such series, provided that

  • Voting and Direction Rights of MAC Notes In the event that Class M Notes have been exchanged for MAC Notes, the Holders of such MAC Notes will be entitled to exercise all the voting and direction rights that are allocated to such exchanged Class M Notes and the outstanding balances of such MAC Notes will be used to determine if the requisite percentage of Holders under this Agreement has voted or given direction; provided that with respect to (x) any outstanding MAC Notes exchanged for Class M Notes in Combination 1 set forth on Appendix II, the Class M-1I Notes so exchanged will be entitled to exercise 1% of the total voting or direction rights that were allocated to such exchanged Class M Notes and the Class M-1F Notes so exchanged will be entitled to exercise 99% of the total voting or direction rights that were allocated to such exchanged Class M Notes, (y) any outstanding MAC Notes exchanged for Class M Notes in Combination 2 set forth on Appendix II, the Class M-2I Notes so exchanged will be entitled to exercise 1% of the total voting or direction rights that were allocated to such exchanged Class M Notes and the Class M-2F Notes so exchanged will be entitled to exercise 99% of the total voting or direction rights that were allocated to such exchanged Class M Notes, and (z) any outstanding MAC Notes exchanged for Class M Notes in Combination 3 set forth on Appendix II, the Class M-3I Notes so exchanged will be entitled to exercise 1% of the total voting or direction rights that were allocated to such exchanged Class M Notes and the Class M- 3F Notes so exchanged will be entitled to exercise 99% of the total voting or direction rights that were allocated to such exchanged Class M Notes.

  • RIGHTS OF THE BOARD A. The Board on its own behalf and on behalf of the electors of the district, hereby retains and reserves unto itself, without limitation, all powers, rights, authority, duties and responsibilities conferred upon and vested in it by the laws and the Constitution of the State of Michigan, and the United States, including, but without limiting the generality of the foregoing, the right;

  • Exercise of Voting Rights Except as instructed otherwise by the Trustees of the Trust or the Adviser, the Subadviser shall at its discretion exercise or procure the exercise of any voting right attaching to investments of the Fund. The Adviser agrees and acknowledges that the Subadviser shall not be obligated to take any action with respect to any class action proceedings or other legal action concerning securities held in the Fund's portfolio, except to forward to the Adviser in a timely fashion any notice of such an action that the Subadviser may receive.

  • RIGHTS OF MANAGEMENT Any rights of management which are not specifically mentioned in this Agreement and are not contrary to its intention shall continue in full force and effect for the duration of this contract, always provided that in the exercise of the aforementioned management rights there shall be no discrimination.

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