Exceptional transactions Sample Clauses
The 'Exceptional transactions' clause defines and regulates specific types of transactions that fall outside the normal course of business or standard contractual arrangements. Typically, this clause outlines which transactions are considered exceptional—such as large asset sales, mergers, acquisitions, or significant changes in company structure—and may require prior approval from certain parties or adherence to additional procedures. Its core practical function is to ensure oversight and control over significant or unusual business activities, thereby protecting the interests of stakeholders and preventing unauthorized or risky actions.
Exceptional transactions. Any transaction whose purpose or effect is or might be to fundamentally challenge: ▪ the independence of the Company’s group or its tradition of excellence; ▪ its attachment to the Rothschild family or the role that the latter plays in it; ▪ its use of the Rothschild name; or ▪ the fact that the group’s main activities are financial, shall be referred to the general partners for approval, including where said transaction would not require the consent of the General Meeting of Shareholders.
Exceptional transactions. In the event of exceptional presentation for discounting of commercial bills not accepted, the Bank shall be entitled to debit the account for the amount of the non- acceptance bills within fifteen (15) days of their sending by the Bank.