Joint holders Sample Clauses
The 'Joint holders' clause defines the rights and responsibilities of two or more individuals or entities who jointly own a particular asset, such as shares or property, under an agreement. Typically, this clause outlines how joint holders may exercise their rights, such as voting or receiving notices, and clarifies whether actions taken by one holder are binding on all. For example, it may specify that only one joint holder needs to be recognized for communication purposes, or that payments made to one are considered payments to all. The core function of this clause is to prevent confusion and disputes by establishing clear procedures for managing jointly held interests.
Joint holders. Where a Unit to be redeemed is registered in more than one name, the redemption proceeds shall be deemed to be owed to the holders of such Unit upon joint account and may be paid to all or any of such registered holders and the payment to and/or receipt by all or any of such registered holders shall constitute a valid discharge of the Trust for the proceeds so paid or delivered.
Joint holders. Service of a notice or document on any one of several joint holders of Trust Units shall be deemed effective service on the other joint holders.
Joint holders. In the case of Scheme Securities held in joint names:
(a) any cheque required to be sent under this Scheme and the Trust Scheme will be made payable to the joint holders and sent to the holder whose name appears first in the Security Register as at the Record Date; and
(b) any other document required to be sent under this Scheme and the Trust Scheme will be forwarded to the holder whose name appears first in the Security Register as at the Record Date.
Joint holders. In the case of Scheme Shares held in joint names any cheque required to be paid to Scheme Participants will be payable to the joint holders and will be forwarded to the holder whose name appears first in the Target Register as at the Record Date.
Joint holders. In the case of Scheme Shares held in joint names:
(a) the Consideration is payable to the bank account nominated by the joint holders or, at the sole discretion of the Company, nominated by the holder whose name appears first in the Register as at the Record Date; and
(b) any other document required to be sent under this scheme plan will be sent to either, at the sole discretion of the Company, the holder whose name appears first in the Register as at the Record Date or to the joint holders.
Joint holders. Persons registered jointly as a Unit Holder hold as joint tenants and not as tenants in common:
(a) unless the Trustee otherwise agrees; or
(b) unless specifically provided otherwise in clauses [11.2(b)(i) and 22.2(b)] of the Unit Holders Deed.
Joint holders. In the case of joint holders of ▇▇▇▇▇▇ ▇▇▇▇▇▇, the vote of the senior who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the vote(s) of the other joint holder(s). For this purpose, seniority will be determined by the order in which the names stand in the register of members of the Company in respect of the joint holding (the first being the most senior).
Joint holders. In the case of Scheme Shares held in joint names:
(a) subject to clause 5.1, the Scheme Consideration is payable to the joint holders and any cheque required to be sent under this Scheme will be made payable to the joint holders and sent to either, at the sole discretion of Trade Me, the holder whose name appears first in the Register as at the Record Date or to the joint holders; and
(b) any other document required to be sent under this Scheme Plan, will be forwarded to either, at the sole discretion of Trade Me, the holder whose name appears first in the Register as at the Record Date or to the joint holders.
Joint holders. In the case of Scheme Shares held in joint names the Scheme Consideration shall be payable to and be forwarded to the holder whose name appears first in the Share Register as at the Scheme Record Date.
Joint holders. Where I purchase any interest in the Tranche A Bond jointly with any other Person(s) it shall be assumed, unless and until a written appropriate notice is received from all joint holders, that we are joint tenants of the relevant interest in the Bond with rights of survivorship. Further, the Trustee has the right not to register more than two (2) persons as joint holders of any interest in the Bond. Notice to joint holders of an interest in the Tranche A Bond shall be deemed to be duly given, if given to the first named Person registered on the Trustee’s register of interests in the Bond.