Class Voting Sample Clauses
The Class Voting clause establishes the requirement that certain decisions or actions must be approved by a specific class or group of stakeholders, such as shareholders or members, rather than by the general body. In practice, this means that if a company has multiple classes of shares, each class may have the right to vote separately on issues that uniquely affect their interests, such as changes to class rights or mergers. This clause ensures that the interests of minority or specialized groups are protected by giving them a direct say in decisions that could impact their rights, thereby preventing majority groups from unilaterally imposing changes.
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Class Voting. Each Holder of Series A Preferred Stock will have one vote per share on any matter on which Holders of Series A Preferred Stock are entitled to vote and shall vote separately as a class, whether at a meeting or by written consent. The Holders of shares of Series A Preferred Stock shall not otherwise have any voting rights with respect to such shares.
Class Voting. Any additional class voting rights granted the holders of Units or Preferred Units in Sections 2.2.2 and 2.2.3.
Class Voting. 98 Section 10.03 [Reserved] ............................................................... 98 Section 10.04
Class Voting. With respect to any vote to be cast by the Trustee on behalf of the Holders in accordance with Article 4 of the Collateral Trust Agreement, the Trustee will vote all of such Notes as directed by the Holders of a majority in aggregate principal amount of the outstanding principal amount of Notes. For purposes of such direction to the Trustee, Notes registered in the name of, or Beneficially Owned by, the Company or an Affiliate of the Company will be deemed not to be outstanding.
Class Voting. Directly and materially adversely affect the rights of Lenders holding Commitments or Loans of one Class differently from the rights of Lenders holding Commitments or Loans of any other Class without the written consent of the applicable Required Class Lenders;
Class Voting. Each Holder will have one vote per share of Series A-1 Preferred Stock on any matter on which Holders of shares of Series A-1 Preferred Stock are entitled to vote, whether at a meeting or by written consent.
Class Voting. Except as otherwise expressly provided in Section 7, subsection (iv) of the definition of Distribution, or as required by law, the Series B Preferred Stock shall not have any voting rights.
Class Voting. For so long as any Class A Preferred Shares remain outstanding and are held by one or more Unaffiliated Holders, in addition to any other vote or consent of stockholders required by law or under the Memorandum and Articles or this Certificate, the prior vote or consent of the Unaffiliated Holders of the Class A Preferred Shares, voting or consenting, as the case may be, separately as a class, shall be necessary for any variation of class rights, including effecting or validating:
(a) the adoption of amendments to this Certificate or the Memorandum or Articles or any variation of the share capital of the Company;
(b) any sale or disposal of all or substantially all of the assets of the Company (determined without regard to the Permitted Investments);
(c) any sale, transfer, liquidation or other disposition of any Permitted Investments or any withdrawal of any property or assets constituting Permitted Investment Property from the Permitted Investments Account (other than, in each case, in connection with, and solely to the extent necessary to fund, the payment of any amounts due to the holders of the Class A Preferred Shares under Article 3 (excluding Section 3.4), 4 or 6 (excluding Section 6.2 unless the Class A Preferred Shares being redeemed are held by an Unaffiliated Holder));
(i) any amendment or modification to (a) provisions in the Investment Management Agreement relating to investment guidelines, reporting and termination or (b) provisions in the IM Custody Agreement relating to instructions for transfers from the account maintained pursuant to the IM Custody Agreement, reporting, termination, and waiver of liens and set-off rights by the custodian and (ii) any material amendment or modifications to any other provisions in the Investment Management Agreement or the IM Custody Agreement;
(e) the issuance of any Class A Preferred Shares after the Issue Date;
(f) the issuance of any class of Preferred Shares other than the Class A Preferred Shares;
(g) any action or decision regarding any legal claims, actions, suits or proceedings of any kind or nature that are asserted, instituted or expressly threatened in writing against the Company and its directly owned assets; (but, for the avoidance of doubt, excluding any equity interest in Subsidiaries);
(h) the merger or consolidation of the Company with any other entity;
(i) the taking of any Bankruptcy Action relating to the Company; and
(j) any redemption pursuant to Section 6.2 of the Class A Preferred S...
Class Voting. 97 Section 10.03 Ranking of Note Liens.......................................................... 97 Section 10.04
Class Voting bm. directly or indirectly, amends or modifies the definition of “Applicable Margin” to increase