Holdings by the Company and Subsidiaries Disregarded Clause Samples
The "Holdings by the Company and Subsidiaries Disregarded" clause establishes that any shares or interests held by the company itself or its subsidiaries are not counted when determining ownership percentages or voting rights. In practice, this means that if the company or any of its subsidiaries acquires its own shares, those shares are excluded from calculations related to shareholder votes, dividend distributions, or quorum requirements. This clause ensures that only shares held by external parties are considered, preventing the company from influencing decisions through its own holdings and maintaining fairness in corporate governance.
Holdings by the Company and Subsidiaries Disregarded. In determining whether Warrantholders holding the required total number of Series B Warrants are present in person or by proxy for the purpose of constituting a quorum, or have voted or consented to a resolution, Extraordinary Resolution, consent, waiver, Warrantholders’ Request or other action under this Agreement, a Series B Warrant held by the Company or by a Subsidiary of the Company shall be deemed to be not outstanding. The Company shall provide the Warrant Agent with a Certificate of the Company providing details of any Series B Warrants held by the Company or by a Subsidiary of the Company upon the written request of the Warrant Agent.
Holdings by the Company and Subsidiaries Disregarded. In determining whether Subscription Receiptholders holding the required total number of Subscription Receipts are present in person or by proxy for the purpose of constituting a quorum, or have voted or consented to a resolution, Extraordinary Resolution, consent, waiver, Subscription Receiptholders’ Request or other action under this Agreement, a Subscription Receipt held by the Company or by a subsidiary of the Company will be deemed to be not outstanding. The Company shall provide the Subscription Receipt Agent with a Certificate of the Company providing details of any Subscription Receipts held by the Company or by a subsidiary of the Company upon the written request of the Subscription Receipt Agent.
Holdings by the Company and Subsidiaries Disregarded. In determining whether Special Warrantholders holding the required total number of Special Warrants are present in person or by proxy for the purpose of constituting a quorum, or have voted or consented to a resolution, Extraordinary Resolution, consent, waiver, Special Warrantholders’ Request or other action under this Indenture, a Special Warrant held by the Company or by a Subsidiary of the Company will be deemed to be not outstanding. The Company will provide the Trustee with a certificate of the Company providing details of any Special Warrants held by the Company or by a Subsidiary of the Company upon the written request of the Trustee.