Voting Shares means shares of any class of a corporation having under all circumstances the right to vote for the election of the directors of such corporation, provided that, for the purpose of the definition, shares which only carry the right to vote conditionally on the happening of an event shall not be considered Voting Shares whether or not such event shall have happened.
Voting Shares means the Common Shares and any other shares in the capital of the Corporation entitled to vote generally in the election of all directors.
Voting Shares means the Class A Ordinary Shares, excluding any Shares beneficially owned by the Administrator or any of its Affiliates and shares beneficially owned by a Vote Limited Member in excess of the Vote Limit.
Examples of Voting Shares in a sentence
For U.S. federal and applicable state and local income tax purposes: (1) the Parties have not ascribed any economic value to the Voting Shares, and (2) if and to the extent the Share Surrender is treated as a transfer of property to PubCo, the Parties intend that it constitute a contribution to capital within the meaning of Section 118(a) of the Internal Revenue Code of 1986, as amended, that is not taxable to any of the Parties.
More Definitions of Voting Shares
Voting Shares of a Person means shares of all classes of Capital Stock of such Person then outstanding and normally entitled (without regard to the occurrence of any contingency) to vote in the election of the board of directors of such Person.
Voting Shares means all securities of a company entitling the holders thereof to vote in an annual election of directors (without consideration of the rights of any class of stock, other than the common stock of the company, to elect directors by a separate class vote).
Voting Shares means, with respect to any company, shares of any class or series entitled to vote generally in the election of directors and, with respect to any entity that is not a company, any equity interest entitled to vote generally in the election of the governing body of such entity;
Voting Shares means those shares or other interests that have the power to elect the board of directors or similar governing body of an entity.
Voting Shares means shares that entitle their holders to vote unconditionally in elections of directors.
Voting Shares means all outstanding shares of any class or classes (however designated) of Capital Stock of the Borrower entitled to vote generally in the election of members of the Managing Person thereof.
Voting Shares means shares of any class or classes having general voting power under ordinary circumstances to elect a majority of the board of directors, managers or trustees of the corporation in question, provided that, for the purposes hereof, shares which carry only the right to vote conditionally on the happening of an event shall not be considered voting shares whether or not such event shall have happened.