Common use of Multiple Holders Clause in Contracts

Multiple Holders. For purposes of these Articles, if at any time there is more than one holder of “C” Preference Shares, then (a) all references in these Articles to “the holder” of “C” Preference Shares shall be deemed to mean all such holders, collectively acting together, based on the approval or directive of the holders holding a majority of the “C” Preference Shares (and, for the avoidance of doubt, all holders of “C” Preference Shares shall act in accordance with the approval or directive of the holders holding a majority of the “C” Preference Shares), and (b) all rights, benefits, powers, and privileges of such “C” Preference Shares shall be shared by all holders of “C” Preference Shares pro rata based on the number of “C” Preference Shares that each holds.

Multiple Holders. For the purposes of these Articles, if at any time there is more than one holder of “C” Preference Shares, then (a) all references in these Articles to “the holder” of “C” Preference Shares shall be deemed to mean all such holders, collectively acting together, based on the approval or directive of the holders holding a majority of the “C” Preference Shares (and, for the avoidance of doubt, all holders of “C” Preference Shares shall act in accordance with the approval or directive of the holders holding a majority of the “C” Preference Shares), and (b) all rights, benefits, powers, and privileges of such “C” Preference Shares shall be shared by all holders of “C” Preference Shares pro rata based on the number of “C” Preference Shares that each holds.

Multiple Holders. For the purposes of these Articles, if at any time there is more than one holder of “CD” Preference Shares, then (a) all references in these Articles to “the holder” of “CD” Preference Shares shall be deemed to mean all such holders, collectively acting together, based on the approval or directive of the holders holding a majority of the “CD” Preference Shares (and, for the avoidance of doubt, all holders of “CD” Preference Shares shall act in accordance with the approval or directive of the holders holding a majority of the “CD” Preference Shares), and (b) all rights, benefits, powers, and privileges of such “CD” Preference Shares shall be shared by all holders of “CD” Preference Shares pro rata based on the number of “CD” Preference Shares that each holds.

Multiple Holders. For the purposes of these Articles, if at any time there is more than one holder of “CE” Preference Shares, then (a) all references in these Articles to “the holder” of “CE” Preference Shares shall be deemed to mean all such holders, collectively acting together, based on the approval or directive of the holders holding a majority of the “CE” Preference Shares (and, for the avoidance of doubt, all holders of “CE” Preference Shares shall act in accordance with the approval or directive of the holders holding a majority of the “CE” Preference Shares), and (b) all rights, benefits, powers, and privileges of such “CE” Preference Shares shall be shared by all holders of “CE” Preference Shares pro rata based on the number of “CE” Preference Shares that each holds.