VARIATION TO TRUST DEED Sample Clauses

VARIATION TO TRUST DEED. 14.1 This Deed may be amended only by the resolution of not less than four Trustees in writing, provided: (a) Notice of the proposed amendment has been provided to Consumers in accordance with clause 13 of the Trust Deed; and (b) The proposed amendment has been approved by seventy-five percent of Consumers attending an Annual General Meeting of the Trust, or any Special General Meeting of the Trust for the purpose of considering any such amendment to the Trust Deed, convened in accordance with the terms of the Trust Deed or any Rules contained in any Schedule to the Trust Deed. 14.2 Notwithstanding Clause 14.1 no alteration or amendment may be made to this Deed that has the effect of limiting or restricting the obligations or powers of the Trustees under this Deed to: (a) review proposals and available options for the ownership of shares held by the Trustees in the Company in accordance with Clause 4 herein; or (b) sell, transfer or dispose of the shares following an ownership review held in accordance with Clause 4 herein. 14.3 Notwithstanding clause 14.1 herein any decision relating to the sale and/or transfer of the Trust’s shareholding in the Company can only be approved by all Trustees and not less than seventy-five percent of Consumers who vote in a postal vote undertaken as follows: (a) The Trustees shall, in accordance with clause 13 herein, give notice to all Consumers of the postal vote and of the method or procedure adopted by the Trustees for carrying out the postal vote. (b) A period of not less than 21 days shall be allowed between the date the Consumers are notified of the postal vote and the date by which the votes of the Consumers will be disallowed if not received by the Trustees. (c) Each Consumer shall be entitled to one vote. (d) The Trustees will give notice of the postal vote to Consumers through the post directed to the address of each Consumer held in the records of the Trust, or if there are no such records, then through the records of Consumers held by the Company. (e) The notice referred to in sub-clause (d) herein will be deemed to have been received five days after the date of posting by the Trustees. 14.4 For the sake of clarity no alteration or amendment of clause 14 herein is permitted which undermines or detracts from Clause 14.2 herein and which has not been authorised by a resolution of all Trustees and approved by a seventy-five percent majority of Consumers who vote in a postal vote undertaken in accordance with clause...

VARIATION TO TRUST DEED. 14.1 This Deed may be altered or amended only by the unanimous resolution of the Trustees in writing provided however that no amendment shall be effective unless it has been subject to the Public Consultative Procedure. 14.2 Notwithstanding clause 14.1, no alteration or amendment may be made to this Deed that has the effect of limiting or restricting the obligations or powers of the Trustees under this Deed to; (a) review proposals and available options for the ownership of the Review Shares held by the trustees, in accordance with Clause 4; or (b) sell, transfer or dispose of the Review Shares following an ownership review held in accordance with Clause 4.

VARIATION TO TRUST DEED. 14.1. This Deed may be altered or amended by a resolution in writing by 80 percent of the Trustees provided however that no amendment shall be effective unless it has been approved in writing by the directors and the proposed amendment has been subject to the Public Consultative Procedure.

VARIATION TO TRUST DEED. 13.1 The Trustees shall have the power by Special Resolution (of which notice to propose that Special Resolution shall have been given in the notice convening the meeting) to alter or amend the terms of this Deed other than this Clause 13 and the provisions set out in Clause 13.2 which shall only be capable of being altered or amended in the manner set out in Clause 13.2. In exercising this power the Trustees shall consider any comments made by the Directors of the Company. 13.2 The Trustees shall have power on a unanimous resolution of all the Trustees after the Trustees have implemented a Consumer Consultative Procedure in respect of such proposal to alter or amend: (a) the definition of "Consumers", "Beneficiaries" or "District"; and (b) Clauses 4, 5, 6, 9.3 and 14. 13.3 Notwithstanding Clauses 13.1 and 13.2, no alteration or amendment may be made to this Deed that has the effect of limiting or restricting the obligations or powers of the Trustees under this Deed to: (a) review proposals and available options for the ownership of the Shares; or (b) sell, transfer or dispose of the Shares in accordance with Clause 9.3.

VARIATION TO TRUST DEED. 15.1 Subject to Clause 15.2 this Deed may be altered or amended only by an Unanimous Resolution of the Trustees (including amending the name of the Trust) provided no amendment may be made until the Trustees have: (a) first published in accordance with Clause 14.3 a notice of the proposed amendment; (b) made available to Customers for at least one month after the publication under (a) as provided in Clause 14.1 particulars of the proposed amendment, the reasons for the proposed amendment and its likely effect, and (c) given Customers a reasonable opportunity to comment on the proposed amendment. 15.2 Notwithstanding Clause 15.1 no alternation or amendment may be made to this Deed which has the effect of limiting or restricting the obligations and powers of the Trustees under this Deed to:- (a) conduct Polls pursuant to Clauses 4.2 to 4.9, 4.13, 11.1 and 11.2 as to the future ownership of Shares or (b) implementing the result of such Poll in accordance with clauses 4.10, 4.12, 4.13 and 11.3.

VARIATION TO TRUST DEED. 14.1 This Deed may be amended by resolution of the Trustees, subject to the following provisions: (a) With respect to any proposed amendment, the Trustees shall firstly provide a copy to the directors of the Company for their comments, and the Trustees shall consider the directors’ comments. (b) No amendment to clauses 3.3, 4, 8.1 or 14.1 of this Deed or to any definition of terms used in any such clause shall be made without the written approval of the directors. (c) No amendment to clauses 3.3, 4, 8.1 or 14.1 or to any definition of terms used in any such clause shall be made which has not been subject to the Public Consultative Procedure. 14.2 Notwithstanding clause 14.1, no alteration or amendment may be made to this Deed that has the effect of limiting or restricting the obligations or powers of the Trustees under this Deed to: (a) review proposals and available options for the ownership of the shares held by the Trustees in the Company in accordance with Clause 4; or (b) sell, transfer or dispose of the shares following an ownership review held in accordance with Clause 4. 14.3 Further to and without limiting the application of clause 14.1, no amendment to the following clauses or rules or schedules of this Deed shall be made, unless the proposed amendments have been subject to the Public Consultative Procedure: clauses 3, 6, 9, 10, 12, 14.2, this Clause 14.3, 15, Rule 2 in Schedule 1, and/or all of Schedule 2.