Bye-Law Provisions Clause Samples
The Bye-Law Provisions clause defines the requirement for parties to comply with the rules and regulations set out in the bye-laws of a relevant organization, such as a company, association, or governing body. This clause typically stipulates that all actions, rights, and obligations under the agreement are subject to the current and future bye-laws, which may address issues like membership, voting rights, or dispute resolution procedures. Its core practical function is to ensure that the agreement remains consistent with the internal governance framework of the organization, thereby preventing conflicts and promoting orderly administration.
Bye-Law Provisions. To the extent the Shareholders have the right to vote pursuant to the Bye-Laws or any applicable law, each Shareholder agrees to vote its Preference Shares or execute proxies or written consents, as the case may be, and to take all other actions necessary to ensure that the Bye-Laws (a) facilitate, and do not at any time conflict with, any provision of this Agreement and (b) permit each Shareholder to receive the benefits to which each such Shareholder is entitled under this Agreement. The Company agrees to vote its common shares in Watford Re and any other subsidiary of the Company, or execute proxies or written consents, as the case may be, and to take all other actions necessary to ensure that the bye-laws of Watford Re and any other subsidiary of the Company (a) facilitate, and do not at any time conflict with, any provision of this Agreement and (b) permit each Shareholder to receive the benefits to which each such Shareholder is entitled under this Agreement.
Bye-Law Provisions. Each Shareholder agrees to vote its Common Shares or execute proxies or written consents, as the case may be, and to take all other actions necessary to ensure that the Bye-Laws (a) facilitate, and do not at any time conflict with, any provision of this Agreement and (b) permit each Shareholder to receive the benefits to which each such Shareholder is entitled under this Agreement. The Company agrees to vote its common shares in Watford Re and any other subsidiary of the Company, or execute proxies or written consents, as the case may be, and to take all other actions necessary to ensure that the bye-laws of Watford Re and any other subsidiary of the Company (a) facilitate, and do not at any time conflict with, any provision of this Agreement and (b) permit each Shareholder to receive the benefits to which each such Shareholder is entitled under this Agreement.
Bye-Law Provisions. Each Shareholder shall vote all of its Group Equity Securities that are entitled to vote or execute proxies or written consents, as the case may be, and take all other actions necessary, to ensure that the Bye-laws and the Warner II Bye-laws (i) facilitate, and do not at any time conflict with, any provision of this Agreement and (ii) permit each Shareholder to receive the benefits to which such Shareholder is entitled under this Agreement. Each Shareholder hereby grants to each Sponsor constituting the Sponsor Majority an irrevocable proxy coupled with an interest to vote, including in any action by written consent, such Shareholder’s Group Equity Securities in accordance with such Shareholder’s agreements contained in this Section 2.04.
Bye-Law Provisions. On or before the IPO Effective Date, each Shareholder agrees to vote its Common Shares or execute proxies or written consents, as the case may be and to the extent required in favor of the Written Resolution.