Alternate Class Clause Samples

The Alternate Class clause defines a separate or substitute category of shares or interests within a company or investment fund, distinct from the primary or standard class. This clause typically outlines the rights, privileges, and restrictions associated with the alternate class, such as different voting rights, dividend entitlements, or redemption terms. Its core practical function is to provide flexibility in structuring ownership or investment interests, allowing the entity to cater to different investor needs or strategic objectives.
Alternate Class. In the event the Corporation consummates the --------------- registration of any of its securities other than Common Stock (the "Alternate Class") in accordance with the Securities Act of 1933, as amended, upon the request of the Holder: (a) the Corporation will issue to Holder, upon exercise of this Warrant, the equivalent number of shares of such Alternate Class, so long as the holders of the shares of the Alternate Class have all of the same rights as the holders of shares of Common Stock, except for voting rights; and (b) all references herein to Common Stock shall be deemed to refer to the Alternate Class.
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Related to Alternate Class

  • SIMPLE Class The Manager will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares.

  • Original Class A Percentage Section 11.05 Original Principal Balances of the Classes of Class A Certificates............................................

  • Determination of Pass-Through Rates for LIBOR Certificates (a) On each Interest Determination Date so long as any LIBOR Certificates are outstanding, the Trustee will determine LIBOR on the basis of the British Bankers' Association ("BBA") "Interest Settlement Rate" for one-month deposits in U.S. dollars as found on Telerate page 3750 as of 11:00 a.m. London time on each LIBOR Determination Date. "Telerate Page 3750" means the display page currently so designated on the Moneyline Telerate Service (formerly the Dow Jones Markets) (or such other pag▇ ▇▇ may replace that page on that service for the purpose of displaying comparable rates or prices).

  • LIBOR Certificates Notional Amount Certificates........... None. Notional Amount Components............. None. Offered Certificates................... All Classes of Certificates other than the Private Certificates. Physical Certificates.................. Class A-R Certificates and the Private Certificates. Planned Principal Classes.............. None.

  • Alternate RDOs (a) Where the Employer and a majority of the Employer’s Employees at an enterprise or job site agree, another day may be substituted for the scheduled RDO. (b) Wherever possible, such agreement will take place 5 working days prior to the change being implemented. (c) Where there is a dispute in relation to an alternate RDO and it is unable to be resolved at the workplace level, the matter may be determined in accordance with clause 11- Disputes Resolution Procedure of this Agreement.