Single Class Sample Clauses
The Single Class clause establishes that all shares issued by a company belong to a single class, meaning they carry identical rights and privileges. In practice, this means that every shareholder has the same voting power, dividend rights, and entitlement to company assets in the event of liquidation, without any distinctions or preferences among shares. This clause ensures fairness and uniformity among shareholders, preventing the creation of preferential or subordinate share classes that could lead to unequal treatment or disputes.
Single Class. This is a one-time class to be attended and paid by Student at De Nieuwe Yogaschool and discerned from Membership based attendance.
Single Class. Except as otherwise provided herein, in the Charter or by applicable law, the Holders of shares of Designated Stock and the holders of shares of Common Stock shall vote together as one class on all matters submitted to a vote of stockholders of the Corporation.
Single Class. The Trustee, each Additional Senior Secured Debt Representative and the Collateral Agent agree (on behalf of the Noteholders and the Additional Senior Secured Debt Holders which are deemed to agree) that (a) the grant of Liens pursuant to the Collateral Documents and any grant of Liens pursuant to any Additional Senior Secured Debt Documents constitutes a single grant of Liens for the ratable benefit of the Noteholders and the Additional Senior Secured Debt Holders and the Swap Creditors and (b) the Senior Secured Notes, the Additional Senior Secured Debt and the Secured Swap Obligations shall be classified as a single class of secured claims (or, if relevant, a single class of secured claims and a single class of unsecured claims) in any liquidation or plan of reorganization proposed or adopted in a bankruptcy, insolvency or liquidation case. To further effectuate the intent of the immediately preceding sentence, the Trustee, each Additional Senior Secured Debt Representative and the Collateral Agent agree (on behalf of the Noteholders and the Additional Senior Secured Debt Holders which are deemed to agree) that, if it is held that the claims of the Senior Secured Notes, the Additional Senior Secured Debt and the Secured Swap Obligations in respect of the Collateral constitute two classes of claims (rather than one class of secured claims or, if relevant, a single class of secured claims and a single class of unsecured claims), any distributions in respect of Collateral in any bankruptcy, insolvency or liquidation case that are made to any of them will be reallocated among the Noteholders, the Additional Senior Secured Debt Holders and the Swap Creditors as if there were a single class of secured claims (or, if relevant, a single class of secured claims and a single class of unsecured claims) against the Company and the Guarantors in respect of the Collateral in compliance with the priority of payments described in Section 4.05(a) above. Moreover, the Trustee each Additional Senior Secured Debt Representative and the Collateral Agent agree (on behalf of the Noteholders and the Additional Senior Secured Debt Holders which are deemed to agree) not to take actions, and not to initiate or prosecute or encourage any other Person to initiate or prosecute any claim, action, objection or other proceeding or otherwise assert any position inconsistent with the intent of the first sentence of this Section 4.05(d).
Single Class. 3.9.1. Notwithstanding the fact that a Member may hold any combination of Classes of Units or only one Class of Units in a particular Series, the Members of each respective Series shall constitute a single class of Members of such Series for all purposes under the Act and this Agreement, except to the extent this Agreement expressly provides otherwise. Upon Issuance of the Units as provided in this Agreement, the Units shall be deemed to be duly authorized, validly issued, fully paid and nonassessable.
3.9.2. In case the Company or a Series at any time or from time to time after the date hereof shall declare or pay any dividend or make any other distribution on any Class of Units of a particular Series payable in such Units, or shall effect a subdivision or split of any Class of outstanding Units of a particular Series into a greater number of such Units (by reclassification or otherwise than by payment of a dividend in such Units), then, and in each such case, the Company or such Series shall simultaneously take the same proportional action with respect to each other Class of Units of such Series then outstanding.
3.9.3. In case the outstanding Units of any Class of a particular Series shall be combined or consolidated, by reclassification or otherwise, into a lesser number of such Units, then, and in each such case, the Company or such Series shall simultaneously take the same proportional action with respect to each other Class of Units of such Series then outstanding.
3.9.4. Sections 3.9.1, 3.9.2 and 3.9.3 shall not apply to any issuances pursuant to Article XVI.
Single Class. Member shall pay $15/class via the Designated Billing Company.
Single Class. Except as otherwise provided herein, or except as provided by applicable law, the Series A Holders will vote together with the holders of Series B Shares and Common Shares and any other series or class of shares entitled to vote on such matters as a single class on all matters submitted to a vote of shareholders of the Corporation.
Single Class. Except as otherwise provided in these Articles, Subordinate Voting Shares and Multiple Voting Shares are equal in all respects and shall be treated as shares of a single class for all purposes under the Business Corporations Act (Ontario).
Single Class. Each of the Secured Parties acknowledges and agrees that the Secured Obligations shall be secured pursuant to a single set of Security documents granted in favour of the Collateral Agent for and on behalf of the Secured Parties and that the Collateral Agent shall deal with the Collateral only in accordance with the powers and priorities set out herein.
Single Class. 3.4.1. Notwithstanding the fact that a Member may hold any combination of Classes of Shares or only one Class of Shares, the Members shall constitute a single class of Members for all purposes under the Act and this Agreement except to the extent this Agreement expressly provides otherwise. Upon Issuance of the Shares as provided in this Agreement, the Shares shall be deemed to be duly authorized, validly issued, fully paid and nonassessable.
3.4.2. In case the Company at any time or from time to time after the date hereof shall declare or pay any dividend or make any other distribution on any Class of Shares payable in such Shares, or shall effect a subdivision or split of any Class of outstanding Shares into a greater number of such Shares (by reclassification or otherwise than by payment of a dividend in such Shares), then, and in each such case, (i) the Company shall simultaneously take the same proportional action with respect to each other Class of Shares then outstanding and (ii) the Distribution Threshold of any outstanding Participation Shares in effect immediately prior to such dividend or subdivision shall, concurrently with the effectiveness of such dividend, distribution or subdivision, be proportionally adjusted.
3.4.3. In case the outstanding Shares of any Class shall be combined or consolidated, by reclassification or otherwise, into a lesser number of such Shares, then, and in each such case, (i) the Company shall simultaneously take the same proportional action with respect to each other Class of Shares then outstanding and (ii) the Distribution Threshold of any outstanding Participation Shares in effect immediately prior to such combination or consolidation shall, concurrently with the effectiveness of such combination or consolidation, be proportionally adjusted.
Single Class. Except as otherwise provided above, Non-Participating Voting Shares and Subordinate Voting Shares are equal in all respects and shall be treated as shares of a single class for all purposes under the Act.