Subsidiaries' Voting Share Clause Samples
The Subsidiaries' Voting Share clause defines how voting rights are allocated among a company's subsidiaries in relation to certain decisions or actions. Typically, this clause specifies the percentage of votes each subsidiary holds, often based on ownership interest or other agreed criteria, and outlines the process for exercising these votes in corporate matters such as mergers, acquisitions, or major policy changes. By clearly establishing the distribution and exercise of voting power among subsidiaries, this clause ensures transparency and prevents disputes over decision-making authority within a corporate group.
Subsidiaries' Voting Share. Each Company will not (a) permit any of its Subsidiaries to issue voting shares to anyone other than such Company or another wholly-owned Subsidiary, or (b) permit any of its wholly-owned Subsidiaries to sell, transfer or otherwise dispose of the voting shares of any Subsidiaries to any Person other than such Company or another of its wholly-owned Subsidiaries.
Subsidiaries' Voting Share. Each Company will not (a) permit any of its Subsidiaries to issue voting shares to anyone other than such Company or another wholly-owned Subsidiary, or (b) permit any of its wholly-owned Subsidiaries to sell, transfer or otherwise dispose of the voting shares of any Subsidiaries to any Person other than such Company or another of its wholly-owned Subsidiaries, except (i) as such events may occur under the Financing Transaction and (ii) Enthusian Corporation may issue an aggregate of up to 15% of its outstanding capital stock to Accenture LLC.
Subsidiaries' Voting Share. 93 9.11 ERISA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93 9.12
Subsidiaries' Voting Share. 76 8.12 ERISA............................................................................... 76 8.13