Common use of Termination of Voting Rights Clause in Contracts

Termination of Voting Rights. Except with respect to an Applied Meeting or Applied Consent for which the record date has occurred, all of the rights of a Holder with respect to the Holder Votes exercisable in respect of the Exchangeable Shares held by such Holder, including the right to instruct the Trustee as to the voting of or to vote personally such Holder Votes, shall be deemed to be surrendered by the Holder to Applied and such Holder Votes and the Voting Rights represented thereby shall cease immediately upon the delivery by such Holder to the Trustee of the certificates representing such Exchangeable Shares in connection with the exercise by the Holder of the Exchange Right or the occurrence of the automatic exchange pursuant to the Automatic Exchange Rights (unless in either case Applied shall not have delivered the requisite Applied Common Stock issuable in exchange therefor to the Trustee for delivery to the Holders), or upon the redemption of Exchangeable Shares pursuant to Article 5 or Article 6 of the Exchangeable Share Provisions, or upon the effective date of the liquidation, dissolution or winding-up of the Corporation pursuant to Article 4 of the Exchangeable Share Provisions, or upon the purchase of Exchangeable Shares from the Holder thereof by Applied pursuant to the exercise by Applied of the Retraction Call Right, the Redemption Call Right or the Liquidation Call Right.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Applied Cellular Technology Inc)

AutoNDA by SimpleDocs

Termination of Voting Rights. Except with respect to an Applied Meeting as otherwise provided herein or Applied Consent for which in the record date has occurredExchangeable Share Provisions, all of the rights of a Holder with respect to the Holder Votes exercisable in respect of the Exchangeable Shares held by such Holder, including the right to instruct the Trustee as to the voting of or to vote personally such Holder Votes, shall be deemed to be surrendered by the Holder to Applied OSI, and such Holder Votes and the Voting Rights represented thereby shall cease immediately immediately, upon the delivery by such Holder to the Trustee of the certificates representing such Exchangeable Shares in connection with the exercise by the Holder of the Exchange Right or the occurrence of the automatic exchange pursuant to the Automatic Exchange Rights of Exchangeable Shares for shares of OSI Common Stock, as specified in Article 5 hereof (unless in either any case Applied OSI or OSI ULC shall not have delivered the requisite Applied Common Stock issuable Exchangeable Share Consideration deliverable in exchange therefor to the Trustee for delivery to the Holders), or upon the redemption of Exchangeable Shares pursuant to Article 5 6 or Article 6 7 of the Exchangeable Share Provisions, or upon the effective date of the liquidation, dissolution or winding-up of PTI Holdco or any other distribution of the Corporation assets of PTI Holdco among its shareholders for the purpose of winding up its affairs pursuant to Article 4 5 of the Exchangeable Share Provisions, or upon the purchase of Exchangeable Shares from the Holder thereof by Applied pursuant to the exercise by Applied of the Retraction Call Right, the Redemption Call Right or the Liquidation Call Right.Exchangeable

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Oil States International Inc)

Termination of Voting Rights. Except with respect to an Applied Meeting as otherwise provided herein or Applied Consent for which in the record date has occurredExchangeable Share Provisions, all of the rights of a Holder with respect to the Holder Votes exercisable in respect of the Exchangeable Shares held by such Holder, including the right to instruct the Trustee as to the voting of or to vote personally such Holder Votes, shall be deemed to be surrendered by the Holder to Applied Devon, and such Holder Votes and the Voting Rights represented thereby shall cease immediately immediately, upon the delivery by such Holder to the Trustee of the certificates representing such Exchangeable Shares in connection with the exercise by the Holder of the Exchange Put Right or the Exchange Right or the occurrence of the automatic exchange pursuant to the Automatic Exchange Rights of Exchangeable Shares for shares of Devon Common Stock, as specified in Article 5 hereof (unless in either any case Applied Devon shall not have delivered the requisite Applied Common Stock issuable Exchangeable Share Consideration deliverable in exchange therefor to the Trustee for delivery to the Holders), or upon the redemption of Exchangeable Shares pursuant to Article 5 6 or Article 6 7 of the Exchangeable Share Provisions, or upon the effective date of the liquidation, dissolution or winding-up of Northstar or any other distribution of the Corporation assets of Northstar among its shareholders for the purpose of winding up its affairs pursuant to Article 4 5 of the Exchangeable Share Provisions, or upon the purchase of Exchangeable Shares from the Holder holder thereof by Applied Devon pursuant to the exercise by Applied Devon of the Retraction Call Right, the Redemption Call Right or the Liquidation Call Right.. ARTICLE 5

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Devon Energy Corp /Ok/)

Termination of Voting Rights. Except with respect to an Applied Orbital Meeting or Applied Orbital Consent for which the record date has occurred, all of the rights of a Holder with respect to the Holder Votes exercisable in respect of the Exchangeable Shares held by such Holder, including the right to instruct the Trustee as to the voting of or to vote personally such Holder Votes, shall be deemed to be surrendered by the Holder to Applied Orbital and such Holder Votes and the Voting Rights represented thereby shall cease immediately upon the delivery by such Holder to the Trustee of the certificates representing such Exchangeable Shares in connection with the exercise by the Holder of the Exchange Right or the occurrence of the automatic exchange pursuant to the Automatic Exchange Rights (unless in either case Applied Orbital shall not have delivered the requisite Applied Orbital Common Stock Shares issuable in exchange therefor to the Trustee for delivery to the Holders), or upon the redemption of Exchangeable Shares pursuant to Article 5 or Article 6 of the Exchangeable Share Provisions, or upon the effective date of the liquidation, dissolution or winding-up of the Corporation pursuant to Article 4 of the Exchangeable Share Provisions, or upon the purchase of Exchangeable Shares from the Holder holder thereof by Applied Orbital pursuant to the exercise by Applied Orbital of the Retraction Call Right, the Redemption Call Right or the Liquidation Call Right.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Orbital Sciences Corp /De/)

Termination of Voting Rights. Except with respect to an Applied Meeting as otherwise provided herein or Applied Consent for which in the record date has occurredExchangeable Share Provisions, all of the rights of a Holder with respect to the Holder Votes exercisable in respect of the Exchangeable Shares held by such Holder, including the right to instruct the Trustee as to the voting of or to vote personally such Holder Votes, shall be deemed to be surrendered by the Holder to Applied CCo, and such Holder Votes and the Voting Rights represented thereby shall cease immediately and be terminated immediately, upon the delivery by such Holder to the Trustee of the certificates representing such Exchangeable Shares in connection with the exercise by the Holder of the Exchange Put Right or the occurrence of the automatic exchange pursuant to the Automatic Exchange Rights of Exchangeable Shares for shares of CCo Common Stock, as specified in Article 5 hereof (unless in either any case Applied CCo or CCo Holdco shall not have delivered the requisite Applied Common Stock issuable Exchangeable Share Consideration deliverable in exchange therefor to the Trustee for delivery to the Holders), or upon the redemption of Exchangeable Shares pursuant to Article 5 6 or Article 6 7 of the Exchangeable Share Provisions, or upon the effective date of the liquidation, dissolution or winding-up of CCo Sub or any other distribution of the Corporation assets of CCo Sub among its shareholders for the purpose of winding up its affairs pursuant to Article 4 5 of the Exchangeable Share Provisions, or upon the purchase of Exchangeable Shares from the Holder holder thereof by Applied CCo pursuant to the exercise by Applied CCo of the Retraction Call Right, the Redemption Call Right or the Liquidation Call Right.

Appears in 1 contract

Samples: Combination Agreement (Calpine Corp)

AutoNDA by SimpleDocs

Termination of Voting Rights. Except with respect to an Applied Meeting as otherwise provided herein or Applied Consent for which in the record date has occurredExchangeable Share Provisions, all of the rights of a Holder Beneficiary with respect to the Holder Beneficiary Votes exercisable in respect of the Exchangeable Shares held by such HolderBeneficiary, including the right to instruct the Trustee as to the voting of or to vote personally such Holder Beneficiary Votes, shall be deemed to be surrendered by the Holder Beneficiary to Applied Acquiror, and such Holder Beneficiary Votes and the Voting Rights represented thereby shall cease immediately and be terminated immediately, upon the delivery by such Holder Beneficiary to the Trustee of the certificates representing such Exchangeable Shares in connection with the exercise by the Holder Beneficiary of the Exchange Right or upon the occurrence of the automatic exchange pursuant to the Automatic Exchange Rights of Exchangeable Shares for Acquiror Shares, as specified in Article 5 (unless unless, in either case Applied case, Acquiror shall not have delivered the requisite Applied Common Stock issuable Exchangeable Share Consideration deliverable in exchange therefor to the Trustee for delivery to the HoldersBeneficiaries), or upon the redemption of Exchangeable Shares pursuant to Article 5 6 or Article 6 7 of the Exchangeable Share Provisions, or upon the effective date of the liquidation, dissolution or winding-up of the Corporation pursuant to Article 4 5 of the Exchangeable Share Provisions, or upon the purchase of Exchangeable Shares from the Holder thereof by Applied pursuant to the exercise by Applied of the Retraction Call Right, the Redemption Call Right or the Liquidation Call Right.

Appears in 1 contract

Samples: Stock Purchase Agreement (Surge Global Energy, Inc.)

Termination of Voting Rights. Except with respect to an Applied Meeting as otherwise provided herein or Applied Consent for which in the record date has occurredExchangeable Share Provisions, all of the rights of a Holder with respect to the Holder Votes exercisable in respect of the Exchangeable Shares held by such Holder, including the right to instruct the Trustee as to the voting of or to vote personally such Holder Votes, shall be deemed to be surrendered by the Holder to Applied JAG, and such Holder Votes and the Voting Rights represented thereby shall cease immediately immediately, upon the delivery by such Holder to the Trustee of the certificates representing such Exchangeable Shares in connection with the exercise by the Holder of the Exchange Put Right or the Exchange Right or the occurrence of the automatic exchange pursuant to the Automatic Exchange Rights of Exchangeable Shares for shares of JAG Common Stock, as specified in Article 5 hereof (unless in either any case Applied JAG or JAG Holdco shall not have delivered the requisite Applied Common Stock issuable Exchangeable Share Consideration deliverable in exchange therefor to the Trustee for delivery to the Holders), or upon the redemption of Exchangeable Shares pursuant to Article 5 6 or Article 6 7 of the Exchangeable Share Provisions, or upon the effective date of the liquidation, dissolution or winding-up of ExchangeCo or any other distribution of the Corporation assets of ExchangeCo among its shareholders for the purpose of winding up its affairs pursuant to Article 4 5 of the Exchangeable Share Provisions, or upon the purchase of Exchangeable Shares from the Holder holder thereof by Applied JAG pursuant to the exercise by Applied JAG of the Retraction Call Right, the Redemption Call Right or the Liquidation Call Right.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Jag Media Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.