Common use of Voting Rights Clause in Contracts

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 27 contracts

Sources: Deposit Agreement (Live Oak Bancshares, Inc.), Deposit Agreement (Southern First Bancshares Inc), Deposit Agreement (Enterprise Bancorp Inc /Ma/)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall shall, insofar as practicable, vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/25th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the vote all Depositary Shares evidenced held by such Receiptit in proportion with any instructions received. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 19 contracts

Sources: Deposit Agreement (Citigroup Inc), Deposit Agreement (Citigroup Inc), Deposit Agreement (Citigroup Inc)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/100th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 14 contracts

Sources: Deposit Agreement (National Retail Properties, Inc.), Deposit Agreement (National Retail Properties, Inc.), Deposit Agreement (Sinclair Television Stations, LLC)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to one-tenth of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will not vote Depositary Shares held by it. In the absence of authorization from the holder of a Receipt, the Depositary will abstain from voting (but, at its discretion, not from appearing at any meeting with respect to the Preferred Stock unless directed to the contrary by the record holders of all the related Receipts) to the extent of the shares of Preferred Stock (or portion thereof) represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the applicable Depositary Shares evidenced by such Receipt.

Appears in 14 contracts

Sources: Deposit Agreement (Jpmorgan Chase & Co), Deposit Agreement (Jpmorgan Chase & Co), Deposit Agreement (Jpmorgan Chase & Co)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/400th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will not vote Depositary Shares held by it. In the absence of authorization from the holder of a Receipt, the Depositary will abstain from voting (but, at its discretion, not from appearing at any meeting with respect to the Preferred Stock unless directed to the contrary by the record holders of all the related Receipts) to the extent of the shares of Preferred Stock (or portion thereof) represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the applicable Depositary Shares evidenced by such Receipt.

Appears in 13 contracts

Sources: Deposit Agreement (Jpmorgan Chase & Co), Deposit Agreement (Jpmorgan Chase & Co), Deposit Agreement (Jpmorgan Chase & Co)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 4.4 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShares, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preferred Share is entitled to 10 votes and, accordingly, each Depositary Share is entitled to one vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 13 contracts

Sources: Exhibit (Duke Realty Corp), Deposit Agreement (Duke Realty Corp), Deposit Agreement (Duke Realty Corp)

Voting Rights. If at any time, the holders of Company Preferred Securities are entitled to vote under the LLC Agreement, the Trustee shall: (i) notify the Holders of the Trust Preferred Securities of such right, (ii) request specific direction from each Holder as to the vote with respect to the Company Preferred Securities represented by such Holder's Trust Preferred Securities, and (iii) vote the relevant Company Preferred Securities only in accordance with such specific direction. Upon receipt of receiving notice of any meeting at which the holders of deposited Company Preferred Stock Securities are entitled to vote, the Depositary Trustee shall, as soon as practicable thereafterpracticable, mail to the record holders Holders of Receipts the Trust Preferred Securities a notice, which . The Company shall provide the form of notice to the Trustee to be provided by forwarded to the Company and which Holders of the Trust Preferred Securities. The notice shall contain contain: (i) such all the information as that is contained in such the notice announcing the meeting of meetingthe Company Preferred Securities, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will Trust Preferred Securities shall be entitled, subject to any applicable provision of law, to instruct direct the Depositary Trustee specifically as to the exercise of the voting rights pertaining to the amount number of the Company Preferred Stock Securities represented by their respective Depositary Shares Trust Preferred Securities, and (iii) a brief statement as to description of the manner in which the Holders of the Trust Preferred Securities may give such instructions may be givenspecific directions. Upon If the Trust receives a written request of direction from a holder of a Receipt on such record dateHolder, the Depositary Trustee shall vote vote, or cause to be voted voted, the amount of the Company Preferred Stock Securities represented by the Depositary Shares evidenced by such Receipt Holder's Trust Preferred Securities in accordance with the instructions set forth in such requestthe directions. To If the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of Trustee does not receive specific instructions from the holder of a Receiptany Holder, the Depositary will Trustee shall abstain from voting to the extent of the Company Preferred Stock Securities represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Holder's Trust Preferred Stock represented by the Depositary Shares evidenced by such ReceiptSecurities.

Appears in 10 contracts

Sources: Trust Agreement (UBS Preferred Funding Trust VIII), Trust Agreement (UBS Preferred Funding Trust VIII), Trust Agreement (Ubs Preferred Funding Trust Iv)

Voting Rights. If at any time, the holders of Company Preferred Securities are entitled to vote under the LLC Agreement, the Trustee shall: (i) notify the Holders of the Trust Preferred Securities of such right, (ii) request specific direction from each Holder as to the vote with respect to the Company Preferred Securities represented by such Holder's Trust Preferred Securities, and (iii) vote the relevant Company Preferred Securities only in accordance with such specific direction. Upon receipt of receiving notice of any meeting at which the holders of deposited Company Preferred Stock Securities are entitled to vote, the Depositary Trustee shall, as soon as practicable thereafterpracticable, mail to the record holders Holders of Receipts the Trust Preferred Securities a notice, which notice as provided under Section 8.04. The Company shall provide the form of notice to the Trustee to be provided by forwarded to the Company and which Holders of the Trust Preferred Securities. The notice shall contain contain: (i) such all the information as that is contained in such the notice announcing the meeting of meetingthe Company Preferred Securities, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will Trust Preferred Securities shall be entitled, subject to any applicable provision of law, to instruct direct the Depositary Trustee specifically as to the exercise of the voting rights pertaining to the amount number of the Company Preferred Stock Securities represented by their respective Depositary Shares Trust Preferred Securities, and (iii) a brief statement as to description of the manner in which the Holders of the Trust Preferred Securities may give such instructions may be givenspecific directions. Upon If the Trust receives a written request of direction from a holder of a Receipt on such record dateHolder, the Depositary Trustee shall vote vote, or cause to be voted voted, the amount number of Company Preferred Stock represented by the Depositary Shares evidenced by Securities corresponding to such Receipt Holder's Trust Preferred Securities in accordance with the instructions set forth in such requestthe direction. To If the extent Trustee does not receive specific instructions from any such instructions request the voting of a fractional interest of a share of deposited Preferred StockHolder, the Depositary Trustee shall aggregate abstain from voting the Company Preferred Securities corresponding to such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsHolder's Trust Preferred Securities. The Company Grantor hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary Trustee in order to enable the Depositary Trustee to vote such Company Preferred Stock Securities or cause such Company Preferred Stock Securities to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 9 contracts

Sources: Trust Agreement (UBS Preferred Funding Trust VIII), Trust Agreement (UBS Preferred Funding Trust VIII), Trust Agreement (Ubs Preferred Funding Trust Iv)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Convertible Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Convertible Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Convertible Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Convertible Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Convertible Preferred Stock or cause such Convertible Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the vote all Depositary Shares evidenced held by such Receiptit in proportion with any instructions received. The Depositary shall not be required or allowed to exercise any discretion in voting any Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 9 contracts

Sources: Deposit Agreement (Citigroup Inc), Deposit Agreement (Citigroup Inc), Deposit Agreement (Citigroup Inc)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Preference Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Preference Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall shall, insofar as practicable, vote or cause to be voted the amount of Preferred Stock Preference Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockPreference Share, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preference Share is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1,000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Preference Shares or cause such Preferred Stock Preference Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain refrain from voting to the extent of the Preferred Stock represented by the Depositary any Preference Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 7 contracts

Sources: Deposit Agreement (Aspen Insurance Holdings LTD), Deposit Agreement (Renaissancere Holdings LTD), Deposit Agreement (Aspen Insurance Holdings LTD)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall shall, insofar as practicable, vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1,000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the vote all Depositary Shares evidenced held by such Receiptit in proportion with any instructions received. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 7 contracts

Sources: Deposit Agreement (Citigroup Inc), Deposit Agreement (Citigroup Inc), Deposit Agreement (Citigroup Inc)

Voting Rights. Upon receipt of notice of any meeting at which the of holders of deposited Preferred Stock are entitled to vote, or other Deposited Securities the Depositary shallwill, as soon as practicable thereafter, mail to after fixing a record date for determining the record holders of American Depositary Receipts a noticeentitled to give instructions for the exercise of voting rights, which shall be provided by and after receipt from the Company and of notice of such meeting, mail to such holders a notice which shall will contain (ia) such information as is contained in such notice of meeting, meeting and (iib) a statement that the record holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision provisions of lawlaw and of the Articles of Incorporation of the Company, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock or other Deposited Securities represented by their respective Depositary Shares Shares, and (iii) a brief statement as to the manner in procedure by which such instructions may be given, including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Company. Upon the written request of a record holder of a Receipt on such record date, received on or before the date established by the Depositary shall for such purpose, the Depositary will endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock or other Deposited Securities represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To In the extent any such absence of instructions request from the voting record holder of a fractional interest of a share of deposited Preferred StockReceipt, the Depositary has agreed to use its best efforts to give a discretionary proxy to a person designated by the Company; provided, however, such discretionary proxy shall aggregate not be given with respect to any proposition (a) as to which the Depositary has knowledge of any contest to the action to be taken at the meeting or (b) for the purpose of authorizing a merger, consolidation or amalgamation (except an amalgamation between the Company and one or more of its 100% owned Japanese subsidiaries) or on any other matter which may affect substantially the rights or privileges of the holders of such interest with all Stock or other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsDeposited Securities. The Company hereby agrees has agreed to take all reasonable action that may which shall at any time be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred or cause to be voted the amount of Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a other Deposited Securities represented by every American Depositary Receipt, the Depositary will abstain from voting record holder of which shall have furnished a written request setting forth instructions to the extent of Depositary as aforesaid, in accordance with the Preferred Stock represented by the Depositary Shares evidenced by instructions set forth in such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receiptrequest.

Appears in 6 contracts

Sources: Deposit Agreement (Citibank,N.A./ADR), Deposit Agreement (Mitsui & Co LTD), Deposit Agreement (Citibank,N.A./ADR)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail provide to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall shall, insofar as practicable, vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/25th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the vote all Depositary Shares evidenced held by such Receiptit in proportion with any instructions received. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 6 contracts

Sources: Deposit Agreement (Citigroup Inc), Deposit Agreement (Citigroup Inc), Deposit Agreement (Citigroup Inc)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to votes and, accordingly, each Depositary Share is entitled to vote(s). The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 5 contracts

Sources: Deposit Agreement (New Plan Excel Realty Trust Inc), Deposit Agreement (Headwaters Inc), Deposit Agreement (Saul Centers Inc)

Voting Rights. Upon Subject to the provisions of the Company’s Amended and Restated Certificate of Incorporation, as amended (including the Certificate of Designations), upon receipt from the Company of written notice of any meeting at which the holders of deposited Preferred shares of Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledmay, subject to any applicable provision of lawlaws and restrictions, to instruct authorize the Depositary as to the exercise of the voting rights pertaining to the amount number of Preferred shares of Stock represented by their respective Depositary Shares (including authority to give a discretionary proxy to a Person designated by the Company) and (iii) a brief statement as to the manner in which such instructions authorization may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall use its best efforts to vote or cause to be voted voted, in accordance with the amount authorization referred to above, the votes relating to the shares of Preferred Stock (or portion thereof) represented by the Depositary Shares evidenced by all Receipts as to which such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsauthorization has been received. The Company hereby agrees to take all such reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred shares of Stock or cause such Preferred shares of Stock to be votedvoted in accordance with the instructions received by the Depositary. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the vote all Depositary Shares evidenced held by such Receiptit in proportion with votes cast pursuant to any instructions received from the other holders. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred of the Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 5 contracts

Sources: Deposit Agreement (Amtrust Financial Services, Inc.), Deposit Agreement (Amtrust Financial Services, Inc.), Deposit Agreement (Amtrust Financial Services, Inc.)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall shall, insofar as practicable, vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShare, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preferred Share is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1,000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain refrain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 4 contracts

Sources: Deposit Agreement (Arch Capital Group Ltd.), Deposit Agreement (Arch Capital Group Ltd.), Deposit Agreement (Arch Capital Group Ltd.)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. On such matters as the Preferred Stock is entitled, each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 4 contracts

Sources: Deposit Agreement (Alta Equipment Group Inc.), Deposit Agreement (Alta Equipment Group Inc.), Deposit Agreement (B. Riley Financial, Inc.)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice of any meeting at which the holders of deposited the Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail (or otherwise transmit by an authorized method) to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall shall, to the extent possible, vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with all Receipts as to which any particular voting instructions are received; provided, that the instructions set forth in such request. To the extent any Depositary receives such instructions request the sufficiently in advance of such voting of a fractional interest of a share of deposited to enable it to so vote or cause such Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsStock to be voted. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 4 contracts

Sources: Deposit Agreement (American Equity Investment Life Holding Co), Deposit Agreement (American Equity Investment Life Holding Co), Deposit Agreement (American Equity Investment Life Holding Co)

Voting Rights. Upon Subject to the provisions of the Certificate of Incorporation, upon receipt of notice of any meeting at which the holders of deposited the Mandatory Convertible Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail send to the Record Holders of Receipts, determined on the record holders of Receipts date as set forth in Section 4.04, a notice, which shall be provided notice prepared by the Company and which Corporation that shall contain (ia) such information as is contained in such notice of meeting, meeting and (iib) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledRecord Holders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Mandatory Convertible Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Each Record Holder of Receipts on the record date (which shall be the same date as the record date fixed by the Corporation with respect to or otherwise in accordance with the terms of the Mandatory Convertible Preferred Stock) may instruct the Depositary as to how to vote the amount of the Mandatory Convertible Preferred Stock represented by such Record Holder’s Receipts in accordance with these instructions. Upon the written request of a holder the Record Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Mandatory Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Mandatory Convertible Preferred Stock or cause such Mandatory Convertible Preferred Stock to be voted. In the absence of specific instructions from the holder Record Holders of a ReceiptReceipts, the Depositary will shall abstain from voting the Mandatory Convertible Preferred Stock to the extent it does not receive such specific instructions from the Record Holders of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such ReceiptReceipts.

Appears in 4 contracts

Sources: Deposit Agreement (Whirlpool Corp /De/), Deposit Agreement (Chart Industries Inc), Deposit Agreement (Rexnord Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShares, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preferred Share is entitled to one vote on all matters as to which the Preferred Shares vote and, accordingly, each Depositary Share is entitled to 1/20th of a vote on such matters. The Company hereby agrees to take all reasonable action actions that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 4 contracts

Sources: Deposit Agreement (DDR Corp), Deposit Agreement (DDR Corp), Deposit Agreement (DDR Corp)

Voting Rights. Upon receipt of written notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company Bank and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 4.4 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions (and as nearly as possible in the event the holder’s Depositary Shares represent a fractional Preferred Share) set forth in such request. To Each Preferred Share, when voting as a separate series, is entitled to 40 votes and, accordingly, each Depositary Share is entitled to one vote. On any matter in which the extent Preferred Shares are entitled to vote as a class with holders of any such instructions request the other shares upon which like voting of a fractional interest of a share of deposited rights have been conferred and are exercisable, each Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsShare will be entitled to one vote. The Company Bank hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 4 contracts

Sources: Deposit Agreement (Merrill Lynch & Co Inc), Deposit Agreement (Merrill Lynch & Co Inc), Deposit Agreement (Bank of America Corp /De/)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail deliver, in accordance with Section 7.04, to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1,000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the vote all Depositary Shares evidenced held by such Receiptit in proportion with any instructions received. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 3 contracts

Sources: Deposit Agreement (AGNC Investment Corp.), Deposit Agreement (AGNC Investment Corp.), Deposit Agreement (AGNC Investment Corp.)

Voting Rights. Upon Subject to the provisions of the Certificate of Incorporation, upon receipt of notice of any meeting at which the holders of deposited the Mandatory Convertible Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the Record Holders of Receipts, determined on the record holders of Receipts date as set forth in Section 4.04, a notice, which shall be provided notice prepared by the Company and which Corporation that shall contain (ia) such information as is contained in such notice of meeting, meeting and (iib) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledRecord Holders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Mandatory Convertible Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Each Record Holder of Receipts on the record date (which shall be the same date as the record date fixed by the Corporation with respect to or otherwise in accordance with the terms of the Mandatory Convertible Preferred Stock) may instruct the Depositary as to how to vote the amount of the Mandatory Convertible Preferred Stock represented by such Record Holder’s Receipts in accordance with these instructions. Upon the written request of a holder the Record Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Mandatory Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Mandatory Convertible Preferred Stock or cause such Mandatory Convertible Preferred Stock to be voted. In the absence of specific instructions from the holder Record Holders of a ReceiptReceipts, the Depositary will shall abstain from voting the Mandatory Convertible Preferred Stock to the extent it does not receive such specific instructions from the Record Holders of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such ReceiptReceipts.

Appears in 3 contracts

Sources: Deposit Agreement (Kinder Morgan, Inc.), Deposit Agreement (Stericycle Inc), Deposit Agreement (Southwestern Energy Co)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShare, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preferred Share is entitled to votes and, accordingly, each Depositary Share is entitled to vote(s). The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 3 contracts

Sources: Deposit Agreement (Trustreet Properties Inc), Deposit Agreement (Capital Automotive Reit), Deposit Agreement (Brandywine Operating Partnership Lp /Pa)

Voting Rights. Upon Subject to the Certificate of Designation, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series A Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the Record Holders of Receipts, as determined on the record holders of Receipts date set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of Series A Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series A Preferred Stock or cause such Series A Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series A Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise any discretion in voting any shares of the Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 3 contracts

Sources: Deposit Agreement (Oceanfirst Financial Corp), Deposit Agreement (First Citizens Bancshares Inc /De/), Deposit Agreement (ConnectOne Bancorp, Inc.)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders Record Holders of Receipts a notice, which shall be provided by the Company and notice which shall contain (ia) such information as is contained in such notice of meeting, and (iib) a statement that the holders of Receipts at the close of business on a specified record date fixed determined pursuant to Section 4.04 4.4 will be entitled, subject to any applicable provision of lawlaw and of the Certificate of Incorporation or the Authorizing Resolution, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares Shares, and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest fraction of a share of deposited Preferred Stock, the Depositary shall aggregate such interest fraction with all other fractional interests fractions resulting from requests with the same voting instructions and shall vote the number of whole votes shares resulting from such aggregation in accordance with the instructions received in such requests. The Company hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific written instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 3 contracts

Sources: Deposit Agreement (Intermedia Communications Inc), Deposit Agreement (Intermedia Communications of Florida Inc), Deposit Agreement (Intermedia Communications of Florida Inc)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, by electronic mail or first-class postage prepaid mail, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/25th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to not vote the extent amount of the Preferred Stock represented by the such Depositary Shares evidenced by such ReceiptShares. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 3 contracts

Sources: Deposit Agreement (Fifth Third Bancorp), Deposit Agreement (Fifth Third Bancorp), Deposit Agreement (Fifth Third Bancorp)

Voting Rights. Upon Subject to the Certificate of Designations, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series C Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the Record Holders of Receipts, as determined on the record holders of Receipts date set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of Series C Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series C Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series C Preferred Stock or cause such Series C Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series C Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Series C Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise any discretion in voting any shares of the Series C Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 3 contracts

Sources: Deposit Agreement (Sterling Bancorp), Deposit Agreement (New York Community Bancorp Inc), Deposit Agreement (Astoria Financial Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by underlying their respective Depositary Shares evidenced by the Receipts and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock represented by underlying the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to 10 votes and, accordingly, each Depositary Share is entitled to one vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by underlying the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by underlying the Depositary Shares evidenced by such Receipt.

Appears in 3 contracts

Sources: Deposit Agreement (CBL & Associates Properties Inc), Deposit Agreement (CBL & Associates Properties Inc), Deposit Agreement (CBL & Associates Properties Inc)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will not vote Depositary Shares held by it. In the absence of authorization from the holder of a Receipt, the Depositary will abstain from voting (but, at its discretion, not from appearing at any meeting with respect to the Preferred Stock unless directed to the contrary by the record holders of all the related Receipts) to the extent of the shares of Preferred Stock (or portion thereof) represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the applicable Depositary Shares evidenced by such Receipt.

Appears in 3 contracts

Sources: Deposit Agreement (Jpmorgan Chase & Co), Deposit Agreement (Jpmorgan Chase & Co), Deposit Agreement (J P Morgan Chase & Co)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShares, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preferred Share is entitled to one vote on all matters as to which the Preferred Shares vote and, accordingly, each Depositary Share is entitled to 1/20 of a vote on such matters. The Company hereby agrees to take all reasonable action actions that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the be extent of the Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Developers Diversified Realty Corp), Deposit Agreement (Developers Diversified Realty Corp)

Voting Rights. Upon Subject to the provisions of the Certificate of Amendment, upon receipt of notice of any meeting at which the holders of deposited the Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail (or otherwise transmit by an authorized method) to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall shall, to the extent possible, vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with all Receipts as to which any particular voting instructions are received; provided, that the instructions set forth in such request. To the extent any Depositary receives such instructions request the sufficiently in advance of such voting of a fractional interest of a share of deposited to enable it to so vote or cause such Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsStock to be voted. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Selective Insurance Group Inc), Deposit Agreement (Selective Insurance Group Inc)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Series D Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 4.4 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series D Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Series D Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Series D Preferred StockShares, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Series D Preferred Share is entitled to 10 votes and, accordingly, each Depositary Share is entitled to one vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series D Preferred Stock Shares or cause such Series D Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Series D Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Series D Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Highwoods Properties Inc), Deposit Agreement (Highwoods Forsyth L P)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Preference Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail (or otherwise transmit by an authorized method) to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Preference Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall shall, insofar as practicable, vote or cause to be voted the amount of Preferred Stock Preference Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockPreference Share, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests, which can be mailed or transmitted by an authorized (including electronic) method. Each Preference Share is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1,000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Preference Shares or cause such Preferred Stock Preference Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain refrain from voting to the extent of the Preferred Stock represented by the Depositary any Preference Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Aspen Insurance Holdings LTD), Deposit Agreement (Aspen Insurance Holdings LTD)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record Record holders of Receipts a notice, by electronic mail or first-class postage prepaid mail, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record Record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record Record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/40th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to not vote the extent amount of the Preferred Stock represented by the such Depositary Shares evidenced by such ReceiptShares. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Fifth Third Bancorp), Deposit Agreement (Fifth Third Bancorp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShare, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preferred Share is entitled to 10 votes and, accordingly, each Depositary Share is entitled to one vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Colonial Properties Trust), Deposit Agreement (Colonial Properties Trust)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series C Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the Record Holders of Receipts, as determined on the record holders of Receipts date set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of the Series C Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of the Series C Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such shares of the Series C Preferred Stock or cause such Preferred Stock shares to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to the Series C Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the shares of the Series C Preferred Stock represented by the Depositary Shares evidenced by such ReceiptReceipts. The Depositary shall not be required or allowed to exercise discretion in voting any Series C Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Bank of New York Mellon CORP), Deposit Agreement (Bank of New York Mellon CORP)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Convertible Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and notice which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledmay, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Convertible Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Company) and (iii) a brief statement as to the manner in which such instructions may maybe be given. Upon the written request of a holder the holders of a Receipt Receipts on such the relevant record datedate (which shall be the same date as the record date for the Convertible Preferred Stock), the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Convertible Preferred Stock or cause such Convertible Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting (but, at its discretion, not from appearing at any meeting with respect to such Convertible Preferred Stock unless directed to the contrary by the holders of all the Receipts) to the extent of the Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary Any voting instructions given hereunder shall not be required or allowed revocable to exercise discretion in voting any the same extent as a proxy granted with respect to the Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receiptthereby.

Appears in 2 contracts

Sources: Deposit Agreement (Network Plus Corp), Deposit Agreement (Network Plus Corp)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice of any meeting at which the holders of deposited the Series D Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts (as determined on the record date fixed pursuant to Section 4.4) a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series D Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series D Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series D Preferred Stock or cause such Series D Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series D Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Series D Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Capital One Financial Corp), Deposit Agreement (Discover Financial Services)

Voting Rights. Upon Subject to the provisions of the Certificate, upon receipt of notice of any meeting at which the holders of deposited the Series A Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series A Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series A Preferred Stock or cause such Series A Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to vote the extent of the Series A Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 2 contracts

Sources: Deposit Agreement (Us Bancorp \De\), Deposit Agreement (Us Bancorp \De\)

Voting Rights. Upon receipt of written notice of any meeting at which the holders of deposited Class N Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Class N Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Class N Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Class N Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes and any remaining fractional votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Class N Preferred Stock is entitled to 1,000 votes and, accordingly, each Depositary Share is entitled to one vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Class N Preferred Stock or cause such Class N Preferred Stock to be votedvoted in accordance with the instructions received by the Depositary. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting (but, at its discretion, not from appearing at any meeting with respect to the applicable Class N Preferred Stock unless directed to the contrary by the record holders of all of the related Receipts) to the extent of the Class N Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Class N Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Kimco Realty Corp), Deposit Agreement (Kimco Realty Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, if requested in writing, as soon as practicable thereafter, mail deliver, in accordance with Section 7.04, to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1,000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the vote all Depositary Shares evidenced held by such Receiptit in proportion with any instructions received. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (AGNC Investment Corp.), Deposit Agreement (AGNC Investment Corp.)

Voting Rights. Upon Subject to the provisions of the Certificate of Amendment, upon receipt of notice of any meeting at which the holders of deposited the Mandatory Convertible Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail send to the Record Holders of Receipts, determined on the record holders of Receipts date as set forth in Section 4.04, a notice, which shall be provided notice prepared by the Company and which Corporation that shall contain (ia) such information as is contained in such notice of meeting, meeting and (iib) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledRecord Holders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Mandatory Convertible Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Each Record Holder of Receipts on the record date (which shall be the same date as the record date fixed by the Corporation with respect to or otherwise in accordance with the terms of the Mandatory Convertible Preferred Stock) may instruct the Depositary as to how to vote the amount of the Mandatory Convertible Preferred Stock represented by such Record Holder’s Receipts in accordance with these instructions. Upon the written request of a holder the Record Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Mandatory Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the all Receipts as to which any particular voting instructions set forth in such requestare received. To the extent any such instructions request the voting of a fractional interest of a share of the deposited Mandatory Convertible Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of the Mandatory Convertible Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/20th of a vote. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Mandatory Convertible Preferred Stock or cause such Mandatory Convertible Preferred Stock to be voted. In the absence of specific instructions from the holder Record Holders of a ReceiptReceipts, the Depositary will shall abstain from voting the Mandatory Convertible Preferred Stock to the extent it does not receive such specific instructions from the Record Holders of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such ReceiptReceipts.

Appears in 2 contracts

Sources: Deposit Agreement (Becton Dickinson & Co), Deposit Agreement (Becton Dickinson & Co)

Voting Rights. Upon receipt of timely notice of any meeting at which the of holders of deposited Preferred Stock are entitled to voteor other Deposited Securities, the Depositary shall, as soon as practicable thereafterthereafter and provided not prohibited by law, mail provide to the record holders Holders of Receipts ADSs a notice, which shall be provided by the Company and notice which shall contain (ia) such information as is contained in such notice of meeting, and (iib) a statement that the holders Holders of Receipts ADSs at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision provisions of lawlaw and of the Articles of Incorporation of Hitachi, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock or other Deposited Securities represented by their respective Depositary Shares ADSs, and (iii) a brief statement as to the manner in which such instructions may be given, including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by Hitachi. Upon the written request of a holder Holder of a Receipt ADSs on such record datedate received on or before the date established by the Depositary for such purpose, the Depositary shall endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock or other Deposited Securities represented by the Depositary Shares evidenced by such Receipt ADSs in accordance with the instructions set forth in such request. To If the extent Depositary does not receive instructions from a Holder on or before the date established by the Depositary for such purpose, such Holder shall be deemed, and the Depositary shall deem such Holder, to have instructed the Depositary to give a discretionary proxy to a person designated by Hitachi to vote the Deposited Securities (a) unless the Depositary has actual knowledge of any proxy contest as to the action to be taken regarding the items to be resolved at the meeting, (b) unless action is to be taken to authorize a merger, consolidation or amalgamation (except an amalgamation between Hitachi and one or more of its 100% owned Japanese subsidiaries) or on any other matter which may affect substantially the rights or privileges of the holders of such instructions request Stock or other Deposited Securities or (c) unless Hitachi advises the voting of Depositary in a fractional interest of a share of deposited Preferred Stocktimely received writing that it does not wish such discretionary proxy to be given; provided, that, the Depositary shall aggregate not have any obligation to give such interest with all discretionary proxy to a person designated by Hitachi if Hitachi shall not have delivered to the Depositary the representation letter described in the next paragraph. Prior to requesting delivery of a discretionary proxy upon the terms set forth in this Deposit Agreement, Hitachi shall deliver to the Depositary a representation letter from Hitachi (duly executed by a senior officer of Hitachi) (i) designating the person to whom any discretionary proxy should be given, (ii) confirming that Hitachi wishes such discretionary proxy to be given, and (iii) certifying that Hitachi has not and shall not request the discretionary proxy to be given as to any matter as to which a proxy contest arises, or which may materially adversely affect the rights of the holders of Stock or other fractional interests resulting from requests with Deposited Securities, or which authorizes a merger, consolidation or amalgamation (other than a merger, consolidation or amalgamation between Hitachi and one or more of its 100% owned Japanese subsidiaries). If at the same time of a vote, for any reason the Depositary is unable to obtain the representation letter substantially in the form described above, the Depositary shall not vote the Stock or other Deposited Securities as to which no voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestshave been received. The Company Hitachi hereby agrees to take all reasonable action that may which shall at any time be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred or cause to be voted the amount of Stock or cause other Deposited Securities represented by every ADS, the Holder of which shall have furnished instructions to the Depositary as aforesaid, in accordance with the instructions set forth in such Preferred Stock request. So long as the Depositary shall act in good faith it shall not be responsible for any failure to be votedcarry out any instructions filed with it, or to comply with the provisions of any such notice, or for the manner or effect of any such vote, with or without instructions, or for not exercising any right to vote. In the absence of specific instructions from the holder of a ReceiptNotwithstanding anything contained in this Deposit Agreement or any ADR, the Depositary will abstain from voting may, to the extent not prohibited by law, regulations or applicable stock exchange requirements, in lieu of distribution of the Preferred Stock represented by materials provided to the Depositary Shares evidenced in connection with any meeting of, or solicitation of consents or proxies from, holders of Deposited Securities, distribute to the Holders of ADSs a notice that provides Holders of ADSs with a means to retrieve such materials or receive such materials upon request (i.e., by such Receipt. The Depositary shall not be required reference to a website containing the materials for retrieval or allowed to exercise discretion in voting any Preferred Stock represented by a contact for requesting copies of the Depositary Shares evidenced by such Receiptmaterials).

Appears in 2 contracts

Sources: Deposit Agreement (Citibank,N.A./ADR), Deposit Agreement (Citibank,N.A./ADR)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail (or otherwise transmit by an authorized method), to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShares, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preferred Share is entitled to one vote on all matters as to which the Preferred Shares vote and, accordingly, each Depositary Share is entitled to 1/40 of a vote on such matters. The Company hereby agrees to take all reasonable action actions that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Huntington Bancshares Inc/Md), Deposit Agreement (Firstmerit Corp /Oh/)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice of any meeting at which the holders of deposited Preferred Stock the Series A Preference Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Series A Preference Shares represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Company) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt voted, in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stockrequests, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the maximum number of whole votes resulting from such aggregation in accordance with shares of Series A Preference Shares represented by the Depositary Shares evidenced by all Receipts as to which any particular voting instructions received in such requestsare received. The Company hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Series A Preference Shares or cause such Preferred Stock Series A Preference Shares to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to vote the extent of the Preferred Stock Series A Preference Shares represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 2 contracts

Sources: Deposit Agreement (Aircastle LTD), Deposit Agreement (Textainer Group Holdings LTD)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited the Series G Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series G Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series G Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series G Preferred Stock or cause such Series G Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting vote, to the extent permitted by the rules of the New York Stock Exchange or any other applicable regulatory body, the Series G Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 2 contracts

Sources: Deposit Agreement (Zions Bancorporation, National Association /Ut/), Deposit Agreement (Zions Bancorporation /Ut/)

Voting Rights. Upon Subject to the Certificate of Designation, upon receipt of notice from the Corporation of any meeting at which the holders Holders of deposited the Series A Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail transmit to the Record Holders of Receipts, as determined on the record holders of Receipts date set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of Series A Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series A Preferred Stock or cause such Series A Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Live Oak Bancshares, Inc.), Deposit Agreement (Live Oak Bancshares, Inc.)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the vote all Depositary Shares evidenced held by such Receiptit in proportion with any instructions received. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Citigroup Inc), Deposit Agreement (Citigroup Inc)

Voting Rights. Upon Subject to the provisions of the Certificate, upon receipt of notice of any meeting at which the holders of deposited Preferred the Stock are entitled to vote, the Depositary Depository shall, as soon as practicable thereafter, mail to the Record Holders of Receipts, determined on the record holders of Receipts date as set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledsuch Holders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary Depository as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depository to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary Depository shall endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt voted, in accordance with the instructions set forth in such requestrequests, the maximum number of whole shares of Stock represented by the Depositary Shares evidenced by all Receipts as to which any particular voting instructions are received. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary Depository shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to one one-twenty-fifth of a vote. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary Depository in order to enable the Depositary Depository to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary Depository will abstain from voting not vote (but at its discretion, may appear at any meeting with respect to such Stock unless directed otherwise by the Holders of all the Receipts) to the extent of the Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such ReceiptHolders.

Appears in 2 contracts

Sources: Deposit Agreement (Bank of America Corp /De/), Deposit Agreement (Bank of America Corp /De/)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Class E Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Class E Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Class E Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Class E Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Class E Preferred Stock is entitled to 10 votes and, accordingly, each Depositary Share is entitled to one vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Class E Preferred Stock or cause such Class E Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Class E Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Class E Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Preferred Stock Purchase Agreement (Kimco Realty Corp), Preferred Stock Purchase Agreement (Price Reit Inc)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice of any meeting at which the holders of deposited the Series D Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series D Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series D Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series D Preferred Stock or cause such Series D Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series D Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Series D Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Capital One Financial Corp), Deposit Agreement (City National Corp)

Voting Rights. Upon Subject to the provisions of the Statement, upon receipt of notice of any meeting at which the holders of deposited the MuniFund Term Preferred Stock Shares of a series are entitled to vote, the Depositary Depository shall, as soon as practicable thereafter, mail to the record holders Record Holders of Receipts evidencing Depositary Shares in respect of such MuniFund Term Preferred Shares, determined on the record date as set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Fund which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary Depository as to the exercise of the voting rights pertaining to the amount of MuniFund Term Preferred Stock Shares represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depository to give a discretionary proxy to a person designated by the Fund) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary Depository shall endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt voted, in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stockrequests, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the maximum number of whole votes resulting from such aggregation in accordance with MuniFund Term Preferred Shares represented by the Depositary Shares evidenced by all Receipts as to which any particular voting instructions received in such requestsare received. The Company Fund hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary Depository in order to enable the Depositary Depository to vote such MuniFund Term Preferred Stock Shares or cause such MuniFund Term Preferred Stock Shares to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary Depository will abstain from voting to vote the extent of the MuniFund Term Preferred Stock Shares represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by other Holders of such ReceiptReceipts.

Appears in 2 contracts

Sources: Depositary Receipts Agreement (Nuveen Arizona Premium Income Municipal Fund Inc), Depositary Receipts Agreement (Nuveen Select Quality Municipal Fund Inc)

Voting Rights. Upon Subject to the provisions of the Company’s Second Amended and Restated Certificate of Incorporation, as amended (including the Certificate of Designations), upon receipt from the Company of written notice of any meeting at which the holders of deposited Preferred shares of Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledmay, subject to any applicable provision of lawlaws and restrictions, to instruct authorize the Depositary as to the exercise of the voting rights pertaining to the amount number of Preferred shares of Stock represented by their respective Depositary Shares (including authority to give a discretionary proxy to a Person designated by the Company) and (iii) a brief statement as to the manner in which such instructions authorization may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall use its best efforts to vote or cause to be voted voted, in accordance with the amount authorization referred to above, the votes relating to the shares of Preferred Stock (or portion thereof) represented by the Depositary Shares evidenced by all Receipts as to which such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsauthorization has been received. The Company hereby agrees to take all such reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred shares of Stock or cause such Preferred shares of Stock to be votedvoted in accordance with the instructions received by the Depositary. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the vote all Depositary Shares evidenced held by such Receiptit in proportion with votes cast pursuant to any instructions received from the other holders. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred of the Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (National General Holdings Corp.), Deposit Agreement (National General Holdings Corp.)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice of any meeting at which the holders of deposited the Series C Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series C Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series C Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series C Preferred Stock or cause such Series C Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to vote the extent of the Series C Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 2 contracts

Sources: Deposit Agreement (Stifel Financial Corp), Deposit Agreement (TCF Financial Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafterafter receiving such notice, mail to the record holders Record Holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledmay, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Company) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the holders of a Receipt Receipts on such the relevant record date, to the extent practicable, the Depositary shall vote or cause to be voted voted, in accordance with the amount voting instructions set forth in such requests, the maximum number of Preferred whole shares of Stock represented by the Depositary Shares evidenced by such Receipt in accordance with all Receipts as to which any particular voting instructions are received, provided that the instructions set forth in such request. To the extent any Depositary receives such instructions request sufficiently in advance (as contemplated by the notice sent to the Record Holders of Receipts) of such voting to enable it to so vote or cause such Stock to be voted. If any holder of Depositary Shares instructs the Depositary to vote a fractional interest of a share of deposited Preferred Stock, the Depositary shall will aggregate such interest with all other fractional interests resulting from requests with the same voting instructions instruction and shall vote will submit the number of whole votes for whole shares of Stock resulting from such aggregation in accordance with the instructions received receive in such requests. The Company hereby agrees to take all reasonable action actions that may be reasonably deemed necessary by the Depositary in order determines are necessary to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be votedas instructed. In If the absence of Depositary does not receive specific voting instructions from the holder holders of a Receiptany Depositary Shares, the Depositary it will abstain from voting to the extent not vote an amount of the Preferred Stock represented by the such non-voting Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such ReceiptShares.

Appears in 2 contracts

Sources: Deposit Agreement (BioFuel Energy Corp.), Deposit Agreement (BioFuel Energy Corp.)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series A Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the Record Holders of Receipts, as determined on the record holders of Receipts date fixed pursuant to Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of the Series A Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of the Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such shares of the Series A Preferred Stock or cause such Preferred Stock shares to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to the Series A Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the shares of the Series A Preferred Stock represented by the Depositary Shares evidenced by such ReceiptReceipts. The Depositary shall not be required or allowed to exercise discretion in voting any Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (New York Community Bancorp Inc), Deposit Agreement (New York Community Bancorp Inc)

Voting Rights. Upon Subject to the provisions of the Articles of Amendment, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series A Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the Record Holders of Receipts, as determined on the record holders of Receipts date fixed pursuant to Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of the Series A Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall to the extent possible vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of the Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such shares of the Series A Preferred Stock or cause such Preferred Stock shares to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to the extent vote all shares of the Series A Preferred Stock represented held by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receiptit proportionately with instructions received.

Appears in 2 contracts

Sources: Deposit Agreement (Northpointe Bancshares Inc), Deposit Agreement (Wesbanco Inc)

Voting Rights. Upon receipt issuance of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shallCompany shall direct the Depositary, as soon as practicable thereafter, to mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting (and, if applicable, such information as is provided together with such notice of meeting), (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 determined as provided in Paragraph 14 will be entitled, subject to any applicable provision of law, the Certificate of Incorporation or the Certificate of Designations, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares Shares, and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. The Company hereby agrees has agreed to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The After aggregating all voting Depositary shall not be required or allowed to exercise discretion in Shares, the Depositary will disregard for voting purposes any fractional share of Preferred Stock represented by the Depositary Shares evidenced by such Receiptremaining.

Appears in 2 contracts

Sources: Deposit Agreement (Tele Communications Inc /Co/), Deposit Agreement (Tele Communications Inc /Co/)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited the Series A Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series A Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series A Preferred Stock or cause such Series A Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting vote, to the extent permitted by the rules of the New York Stock Exchange or any other applicable regulatory body, the Series A Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 2 contracts

Sources: Deposit Agreement (Zions Bancorporation, National Association /Ut/), Deposit Agreement (Zions Bancorporation /Ut/)

Voting Rights. Upon Subject to the provisions of the Articles of Amendment, upon receipt of notice of any meeting at which the holders of deposited the Series C Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series C Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series C Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series C Preferred Stock or cause such Series C Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to vote the extent of the Series C Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 2 contracts

Sources: Deposit Agreement (Old National Bancorp /In/), Deposit Agreement (Old National Bancorp /In/)

Voting Rights. Upon Subject to the Certificate of Designations, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series B Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the Record Holders of Receipts, as determined on the record holders of Receipts date set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of Series B Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series B Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series B Preferred Stock or cause such Series B Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series B Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Series B Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Regions Financial Corp), Deposit Agreement (Regions Financial Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Convertible Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and notice which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledmay, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Convertible Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person (other than the Depositary) designated by the Company) and (iii) a brief statement as to the manner in which such instructions may maybe be given. Upon the written request of a holder the holders of a Receipt Receipts on such the relevant record datedate (which shall be the same date as the record date for the Convertible Preferred Stock), the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Convertible Preferred Stock or cause such Convertible Preferred Stock to be voted. In The Depositary will not vote shares of Convertible Preferred Stock to the absence of extent it does not receive specific written instructions from the holder holders of a Receipt, Depositary Shares representing the Depositary will abstain from corresponding Convertible Preferred Stock. Any voting instructions given hereunder shall be revocable to the same extent of as a proxy granted with respect to the Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receiptthereby.

Appears in 2 contracts

Sources: Deposit Agreement (Constellation Brands Inc), Deposit Agreement (Constellation Brands Inc)

Voting Rights. Upon Subject to the provisions of the Articles of Amendment, upon receipt of notice of any meeting at which the holders of deposited the Series A Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series A Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series A Preferred Stock or cause such Series A Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to vote the extent of the Series A Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 2 contracts

Sources: Deposit Agreement (Old National Bancorp /In/), Deposit Agreement (Old National Bancorp /In/)

Voting Rights. Upon receipt of notice of any meeting at which the of holders of deposited Preferred Stock are entitled to voteor other Deposited Securities, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts Holder hereof a notice, which shall be provided by the Company and notice which shall contain (ia) such information as is contained in such notice of meeting, and (iib) a statement that the holders of Receipts Holder hereof at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision provisions of law, of the Articles of Incorporation of the Company and of the Deposit Agreement, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock or other Deposited Securities represented by their respective American Depositary Shares Shares, and (iii) a brief statement as to the manner in which such instructions may be given, including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Company. Upon the written request instruction of a holder of a Receipt the Holder hereof on such record date, received on or before the date established by the Depositary for such purpose, the Depositary shall endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock or other Deposited Securities represented by the Depositary Shares evidenced by such this Receipt in accordance with the instructions set forth in such requestinstructions. To the extent any such instructions request the voting aggregate of the American Depositary Shares voted for and against a proposal do not constitute integral multiples of a fractional interest Unit, the remainders in excess of the highest integral multiple of a share Unit will be disregarded. In the absence of deposited Preferred Stockinstructions from the Holder hereof, such Holder shall be deemed, and the Depositary shall aggregate deem such interest Holder, to have instructed the Depositary to use its best efforts to give a discretionary proxy to a person designated by the Company; provided, however, that such discretionary proxy shall not be given if the Company does not request such proxy to be given, and provided, further, that no such discretionary proxy shall be given with all respect to (i) any proposition (a) as to which the Depositary has knowledge of any shareholder contest to the action to be taken at the meeting or (b) for the purpose of authorizing a merger, consolidation or amalgamation (except an amalgamation between the Company and one or more of its 100% owned Japanese subsidiaries) or (ii) any other fractional interests resulting from requests with matter which may substantially affect the same voting instructions and shall vote the number rights or privileges of whole votes resulting from holders of such aggregation in accordance with the instructions received in such requestsStock or other Deposited Securities. The Company hereby agrees has agreed in the Deposit Agreement to take all reasonable action that may which shall at any time be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred or cause to be voted the amount of Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a other Deposited Securities represented by every American Depositary Receipt, the Depositary will abstain from voting Holder of which shall have furnished written instructions to the extent Depositary as aforesaid, in accordance with such instructions. Prior to requesting the delivery of a discretionary proxy upon the terms set forth herein, the Company shall deliver to the Depositary an opinion of the Preferred Stock represented by Company's counsel and a representation letter, in each case upon the terms contemplated in the Deposit Agreement. There can be no assurance that Holders generally or any Holder in particular will receive the notice described above with sufficient time to enable the Holder to return voting instructions to the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipta timely manner.

Appears in 2 contracts

Sources: Deposit Agreement (Kyocera Corp), Deposit Agreement (Kyocera Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1,000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the vote all Depositary Shares evidenced held by such Receiptit in proportion with any instructions received. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (AGNC Investment Corp.), Deposit Agreement (American Capital Agency Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, by electronic mail or first-class postage prepaid mail, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to not vote the extent amount of the Preferred Stock represented by the such Depositary Shares evidenced by such ReceiptShares. The Depositary shall not be required or allowed to exercise any discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Fifth Third Bancorp), Deposit Agreement (Fifth Third Bancorp)

Voting Rights. Upon Subject to the provisions of the Certificate of Designation, upon receipt of notice of any meeting at which the holders of deposited the Series B Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series B Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall insofar as practicable vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series B Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series B Preferred Stock or cause such Series B Preferred Stock to be votedvoted as instructed. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to not vote the extent of the Series B Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such ReceiptHolders.

Appears in 2 contracts

Sources: Deposit Agreement (First Merchants Corp), Deposit Agreement (Level One Bancorp Inc)

Voting Rights. Upon receipt issuance of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shallCompany shall direct the Depositary, as soon as practicable thereafter, to mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 determined as provided in Paragraph 15 will be entitled, subject to any applicable provision of law, the Company's Articles of Incorporation or the Express Terms, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares Shares, and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. The Company hereby agrees has agreed to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The After aggregating all voting Depositary shall not be required or allowed to exercise discretion in Shares, the Depositary will disregard for voting purposes any fractional share of Preferred Stock represented by the Depositary Shares evidenced by such Receiptremaining.

Appears in 2 contracts

Sources: Deposit Agreement (Ferro Corp), Deposit Agreement (Ferro Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited the Series H Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series H Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series H Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series H Preferred Stock or cause such Series H Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting vote, to the extent permitted by the rules of the New York Stock Exchange or any other applicable regulatory body, the Series H Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 2 contracts

Sources: Deposit Agreement (Zions Bancorporation, National Association /Ut/), Deposit Agreement (Zions Bancorporation /Ut/)

Voting Rights. Upon receipt of notice of any meeting at which the of holders of deposited Preferred Stock are entitled to vote, or other Deposited Securities the Depositary shallwill, as soon as practicable thereafter, mail to the record holders of Receipts a noticepublish notice thereof, which shall be provided by the Company and which shall notice will contain (ia) such information as is contained in such notice of meetingmeeting and, in the judgment of the Depositary, is material to the exercise of voting rights, or a brief summary of the matters to be acted upon at such meeting together with a statement that a copy of an English translation of said notice is available for inspection at certain designated places (iiwhich shall be identified in such notice), and (b) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision provisions of lawlaw and of the Articles of Incorporation of the Company, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock or other Deposited Securities represented by their respective Depositary Shares Shares, and (iii) a brief statement as to the manner in procedure by which such instructions may be given, including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Company. Upon the written request of a holder of a Receipt, received on or before the date established by the Depositary for such purpose, and, if required by the Depositary, upon deposit of his Receipt or the coupon appertaining thereto at such place as is designated by the Depositary for such purpose, received on or before the date established by the Depositary for such record datepurpose, the Depositary shall will endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock or other Deposited Securities represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To In the extent any such absence of instructions request from the voting holder of a fractional interest of a share of deposited Preferred Stock, Receipt the Depositary has agreed to use its best efforts to give a discretionary proxy to a person designated by the Company; provided, however, such discretionary proxy shall aggregate not be given with respect to any proposition (a) as to which the Depositary has knowledge of any contest to the action to be taken at the meeting or (b) for the purpose of authorizing a merger, consolidation or amalgamation (except as amalgamation between the Company and one or more of its 100% owned Japanese subsidiaries) or on any other matter which may affect substantially the rights or privileges of the holder of such interest with all Stock or other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsDeposited Securities. The Company hereby agrees has agreed to take all reasonable action that may which shall at any time be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred or cause to be voted the amount of Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from other Deposited Securities represented by every European Depositary Receipt, the holder of which shall, if required by the Depositary, have deposited such Receipt or coupon designated for such purposes and shall have furnished a Receipt, written request setting forth instructions to the Depositary will abstain from voting to as aforesaid, in accordance with the extent of the Preferred Stock represented by the Depositary Shares evidenced by instructions set forth in such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receiptrequest.

Appears in 2 contracts

Sources: Deposit Agreement (Mitsui & Co LTD), Deposit Agreement (Mitsui & Co LTD)

Voting Rights. Upon Subject to the Certificate of Designations, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series E Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the Record Holders of Receipts, as determined on the record holders of Receipts date set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of Series E Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series E Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series E Preferred Stock or cause such Series E Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series E Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Series E Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise any discretion in voting any shares of the Series E Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Heartland Financial Usa Inc), Deposit Agreement (Webster Financial Corp)

Voting Rights. Upon Subject to the Certificate of Designations, upon receipt of notice from the Corporation of any meeting at which the holders Holders of deposited the Series B Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail transmit to the Record Holders of Receipts, as determined on the record holders of Receipts date set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of Series B Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series B Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series B Preferred Stock or cause such Series B Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series B Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Series B Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Cullen/Frost Bankers, Inc.), Deposit Agreement (Cullen/Frost Bankers, Inc.)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice of any meeting at which the holders of deposited the Series B Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series B Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series B Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with all Receipts as to which any particular voting instructions are received; provided, that the instructions set forth in such request. To the extent any Depositary receives such instructions request the sufficiently in advance of such voting of a fractional interest of a share of deposited to enable it to so vote or cause such Series B Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsStock to be voted. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series B Preferred Stock or cause such Series B Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series B Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Series B Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Comerica Inc /New/), Deposit Agreement (Comerica Inc /New/)

Voting Rights. Upon receipt of notice from the Company of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail (or, if applicable, for a DTC Receipt, provide to DTC in accordance with DTC’s procedures) to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 4.4 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes votes, rounded down, resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/400th of a vote (except as otherwise provided in the Certificate of Amendment). The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will not vote Depositary Shares held by it. In the absence of authorization from the holder of a Receipt, the Depositary will abstain from voting (but shall appear at any meeting with respect to the Preferred Stock unless directed to the contrary by the record holders of all the related Receipts) to the extent of the shares of Preferred Stock (or portion thereof) represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the applicable Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (M&t Bank Corp), Deposit Agreement (M&t Bank Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShares, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preferred Share is entitled to one vote on all matters as to which the Preferred Shares vote and, accordingly, each Depositary Share is entitled to 1/20 of a vote on such matters. The Company hereby agrees to take all reasonable action actions that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (DDR Corp), Deposit Agreement (DDR Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company (along with an updated registry of record holders of Receipts evidencing Depositary Shares as of the record date for such meeting to be provided by the Registrar) and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (PNC Financial Services Group Inc), Deposit Agreement (National City Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. On such matters as the Preferred Stock is entitled, each share of Preferred Stock isentitled to one vote and, accordingly, each Depositary Share is entitled to 1/100th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Deposit Agreement (Saul Centers Inc), Deposit Agreement (Saul Centers Inc)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail (or otherwise transmit by an authorized method), to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShares, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preferred Share is entitled to one vote on all matters as to which the Preferred Shares vote and, accordingly, each Depositary Share is entitled to 1/40th of a vote on such matters. The Company hereby agrees to take all reasonable action actions that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 2 contracts

Sources: Assignment and Assumption Agreement (FNB Corp/Pa/), Deposit Agreement (FNB Corp/Fl/)

Voting Rights. Upon receipt issuance of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shallCompany shall direct the Depositary, as soon as practicable thereafter, to mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 4.4 will be entitled, subject to any applicable provision of law, the Articles of Incorporation or the Express Terms, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The After aggregating all voting Depositary shall not be required or allowed to exercise discretion in Shares, the Depositary will disregard for voting purposes any fractional share of Preferred Stock represented by the Depositary Shares evidenced by such Receiptremaining.

Appears in 1 contract

Sources: Deposit Agreement (Ferro Corp)

Voting Rights. If at any time, the holders of Company Preferred Securities are entitled to vote under the LLC Agreement or the Subordinated Guarantee, the Trustee shall: (i) notify the Holders of the Trust Preferred Securities of such right, (ii) request specific direction from each Holder as to the vote with respect to the Company Preferred Securities represented by such Holder's Trust Preferred Securities, and (iii) vote the relevant Company Preferred Securities only in accordance with such specific direction. Upon receipt of receiving notice of any meeting at which the holders of deposited Company Preferred Stock Securities are entitled to vote, the Depositary Trustee shall, as soon as practicable thereafterpracticable, mail to the record holders Holders of Receipts the Trust Preferred Securities a notice, which . The Grantor shall provide the form of notice to the Trustee to be provided by forwarded to the Company and which Holders of the Trust Preferred Securities. The notice shall contain contain: (i) such all the information as that is contained in such the notice announcing the meeting of meetingthe Company Preferred Securities, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will Trust Preferred Securities shall be entitled, subject to any applicable provision of law, to instruct direct the Depositary Trustee specifically as to the exercise of the voting rights pertaining to the amount number of the Company Preferred Stock Securities represented by their respective Depositary Shares Trust Preferred Securities, and (iii) a brief statement as to description of the manner in which the Holders of the Trust Preferred Securities may give such instructions may be givenspecific directions. Upon If the Trust receives a written request of direction from a holder of a Receipt on such record dateHolder, the Depositary Trustee shall vote vote, or cause to be voted voted, the amount of the Company Preferred Stock Securities represented by the Depositary Shares evidenced by such Receipt Holder's Trust Preferred Securities in accordance with the instructions set forth in such requestthe directions. To If the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of Trustee does not receive specific instructions from the holder of a Receiptany Holder, the Depositary will Trustee shall abstain from voting to the extent of the Company Preferred Stock Securities represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Holder's Trust Preferred Stock represented by the Depositary Shares evidenced by such ReceiptSecurities.

Appears in 1 contract

Sources: Trust Agreement (Credit Suisse Group)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Series F Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable (but in no event more than two business days) thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 4.4 will be entitled, subject to any applicable provision of law, the Certificate of Incorporation or the Certificate of Designations, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series F Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted the amount number of shares of Series F Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such shares of Series F Preferred Stock or cause such shares of Series F Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Series F Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The After aggregating all voting Depositary shall not be required or allowed to exercise discretion in Shares, the Depositary will disregard for voting purposes any fractional share of Series F Preferred Stock represented by the Depositary Shares evidenced by such Receiptremaining.

Appears in 1 contract

Sources: Deposit Agreement (National Energy Group Inc)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series G Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the Record Holders of Receipts, as determined on the record holders of Receipts date fixed pursuant to Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of the Series G Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of the Series G Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such shares of the Series G Preferred Stock or cause such Preferred Stock shares to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to the Series G Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the shares of the Series G Preferred Stock represented by the Depositary Shares evidenced by such ReceiptReceipts. The Depositary shall not be required or allowed to exercise discretion in voting any Series G Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 1 contract

Sources: Deposit Agreement (Bank of New York Mellon Corp)

Voting Rights. Upon Subject to the provisions of the Certificate of Designation, upon receipt of notice of any meeting at which the holders of deposited the Series D Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series D Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall use its best efforts to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series D Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series D Preferred Stock or cause such Series D Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the The Depositary will abstain from voting shares of the Series D Preferred Stock to the extent of it does not receive specific instructions from the Holders representing such Series D Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such ReceiptStock.

Appears in 1 contract

Sources: Deposit Agreement (Goodrich Petroleum Corp)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series J Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the Record Holders of Receipts, as determined on the record holders of Receipts date fixed pursuant to Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of the Series J Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of the Series J Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such shares of the Series J Preferred Stock or cause such Preferred Stock shares to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to the Series J Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the shares of the Series J Preferred Stock represented by the Depositary Shares evidenced by such ReceiptReceipts. The Depositary shall not be required or allowed to exercise discretion in voting any Series J Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 1 contract

Sources: Deposit Agreement (Bank of New York Mellon Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Series UU Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail deliver to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series UU Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall shall, insofar as practicable, vote or cause to be voted the amount of Series UU Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request, which can be mailed or transmitted by an authorized (including electronic) method. To the extent any such instructions request the voting of a fractional interest of a deposited share of deposited Series UU Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each share of Series UU Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1,000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series UU Preferred Stock or cause such Series UU Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain refrain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Series UU Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 1 contract

Sources: Deposit Agreement (Telephone & Data Systems Inc /De/)

Voting Rights. Upon Subject to the provisions of the Articles of Amendment, upon receipt of notice of any meeting at which the holders of deposited the Series I Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, notice prepared by the Corporation which shall be provided by the Company and which shall contain contain: (i) such information as is contained in such notice of meeting, ; (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series I Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation); and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall use its best efforts to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series I Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series I Preferred Stock or cause such Series I Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to vote the extent of the Series I Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 1 contract

Sources: Deposit Agreement (State Street Corp)

Voting Rights. Upon Subject to the provisions of the Articles of Amendment, upon receipt of notice of any meeting at which the holders of deposited the Series F Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, notice prepared by the Corporation which shall be provided by the Company and which shall contain contain: (i) such information as is contained in such notice of meeting, ; (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series F Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation); and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall use its best efforts to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series F Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series F Preferred Stock or cause such Series F Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to vote the extent of the Series F Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 1 contract

Sources: Deposit Agreement (State Street Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShare, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Preferred Share is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/100th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will not vote Depositary Shares held by it. In the absence of authorization from the holder of a Receipt, the Depositary will abstain from voting (but, at its discretion, not from appearing at any meeting with respect to the Preferred Shares unless directed to the contrary by the record holders of all the related Receipts) to the extent of the Preferred Stock Shares (or portion thereof) represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the applicable Depositary Shares evidenced by such Receipt.

Appears in 1 contract

Sources: Deposit Agreement (Axis Capital Holdings LTD)

Voting Rights. Upon Subject to the Certificate of Designation, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series D Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the Record Holders of Receipts, as determined on the record holders of Receipts date set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of Series D Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series D Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series D Preferred Stock or cause such Series D Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series D Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Series D Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise any discretion in voting any shares of the Series D Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 1 contract

Sources: Deposit Agreement (First Citizens Bancshares Inc /De/)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock or deposited Excess Stock issued upon conversion of deposited Stock are entitled to vote, the Depositary shallDepositary, as soon as practicable thereafter, shall mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 as provided in the Deposit Agreement will be entitled, subject to any applicable provision provisions of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock or Excess Stock, as the case may be, represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a this Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock or Excess Stock, as the case may be, represented by the Depositary Shares evidenced by such this Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or such Excess Stock, as the case may be, or cause such Preferred Stock or Excess Stock, as the case may be, to be voted. In the absence of specific instructions from the holder of a this Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such this Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock or Excess Stock represented by the Depositary Shares evidenced by such this Receipt.

Appears in 1 contract

Sources: Deposit Agreement (La Quinta Properties Inc)

Voting Rights. Upon Subject to the Certificate of Designations, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series A Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the Record Holders of Receipts, as determined on the record holders of Receipts date set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of Series A Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series A Preferred Stock or cause such Series A Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series A Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 1 contract

Sources: Deposit Agreement (Regions Financial Corp)

Voting Rights. Upon Subject to the provisions of the Certificate of Designations, upon receipt of notice of any meeting at which the holders of deposited the Series A Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series A Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series A Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series A Preferred Stock or cause such Series A Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to vote the extent of the Series A Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 1 contract

Sources: Deposit Agreement (Stifel Financial Corp)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Series E Preference Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail deliver to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Series E Preference Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall shall, insofar as practicable, vote or cause to be voted the amount of Preferred Stock Series E Preference Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request, which can be mailed or transmitted by an authorized (including electronic) method. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockSeries E Preference Share, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Each Series E Preference Share is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/1,000th of a vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Series E Preference Shares or cause such Preferred Stock Series E Preference Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain refrain from voting to the extent of the Preferred Stock represented by the Depositary any Series E Preference Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 1 contract

Sources: Deposit Agreement (Athene Holding LTD)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail (or, if applicable, for a DTC Receipt, provide to DTC in accordance with DTC’s procedures) to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 4.4 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall insofar as practicable vote or cause to be voted the amount of Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes votes, rounded down, resulting from such aggregation in accordance with the instructions received in such requests. Each share of Preferred Stock is entitled to one vote and, accordingly, each Depositary Share is entitled to 1/10th of a vote (except as otherwise provided in the Certificate of Amendment). The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock or cause such Preferred Stock to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will not vote Depositary Shares held by it. In the absence of authorization from the holder of a Receipt, the Depositary will abstain from voting (but shall appear at any meeting with respect to the Preferred Stock unless directed to the contrary by the record holders of all the related Receipts) to the extent of the shares of Preferred Stock (or portion thereof) represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock represented by the applicable Depositary Shares evidenced by such Receipt.

Appears in 1 contract

Sources: Deposit Agreement (M&t Bank Corp)

Voting Rights. Upon Subject to the provisions of the Articles of Amendment, upon receipt of notice of any meeting at which the holders of deposited the Series H Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, notice prepared by the Corporation which shall be provided by the Company and which shall contain contain: (i) such information as is contained in such notice of meeting, ; (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series H Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation); and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall use its best efforts to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series H Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series H Preferred Stock or cause such Series H Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to vote the extent of the Series H Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 1 contract

Sources: Deposit Agreement (State Street Corp)

Voting Rights. Upon Subject to the provisions of the Articles of Amendment, upon receipt of notice of any meeting at which the holders of deposited the Series A Convertible Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the record holders Record Holders of Receipts a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, meeting and (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitledHolders may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Series A Convertible Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a person designated by the Corporation) and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall use its best efforts to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series A Convertible Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series A Convertible Preferred Stock or cause such Series A Convertible Preferred Stock to be voted. In the absence of specific instructions from the holder Holders of a ReceiptReceipts, the Depositary will abstain from voting to vote the extent of the Series A Convertible Preferred Stock represented by the Depositary Shares evidenced by the Receipts of such Receipt. The Depositary shall not be required or allowed Holders proportionately with votes cast pursuant to exercise discretion in voting any Preferred Stock represented by instructions received from the Depositary Shares evidenced by such Receiptother Holders.

Appears in 1 contract

Sources: Deposit Agreement (Penn Virginia Corp)

Voting Rights. Upon Subject to the Certificate of Designation, upon receipt of notice from the Corporation of any meeting at which the holders of deposited the Series E Preferred Stock are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents, as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion, to the Record Holders of Receipts, as determined on the record holders of Receipts date set forth in Section 4.4, a notice, which shall be provided notice prepared by the Company and Corporation which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders Holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled4.4 may, subject to any applicable provision of lawrestrictions, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount shares of Series E Preferred Stock represented by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder the Holders of a Receipt Receipts on such the relevant record date, the Depositary shall endeavor insofar as practicable to vote or cause to be voted voted, in accordance with the amount instructions set forth in such requests, the maximum number of whole shares of Series E Preferred Stock represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent all Receipts as to which any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same particular voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requestsare received. The Company Corporation hereby agrees to take all reasonable action that which may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Series E Preferred Stock or cause such Series E Preferred Stock to be voted. In the absence of specific instructions from the holder Holder of a Receipt, the Depositary will abstain from voting not vote (but, at its discretion, may appear at any meeting with respect to such Series E Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the Series E Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise any discretion in voting any shares of the Series E Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

Appears in 1 contract

Sources: Deposit Agreement (First Citizens Bancshares Inc /De/)

Voting Rights. Upon receipt of notice of any meeting at which the holders of deposited Preferred Stock Shares are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Preferred Stock Shares represented by their respective Depositary Shares and (iii) a brief statement as to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, the Depositary shall vote or cause to be voted the amount of Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred StockShare, the Depositary shall aggregate such interest with all other fractional interests resulting from requests with the same voting instructions and shall vote the number of whole votes resulting from such aggregation in accordance with the instructions received in such requests. Accordingly, for each vote that a Preferred Share is entitled to pursuant to the Certificate of Designations, each Depositary Share is entitled to 1/100th of such vote. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary by the Depositary in order to enable the Depositary to vote such Preferred Stock Shares or cause such Preferred Stock Shares to be voted. In the absence of specific instructions from the holder of a Receipt, the Depositary will abstain from voting to the extent of the Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt. The Depositary shall not be required or allowed to exercise discretion in voting any Preferred Stock Shares represented by the Depositary Shares evidenced by such Receipt.

Appears in 1 contract

Sources: Deposit Agreement (Mills Corp)

Voting Rights. Upon receipt of notice of any meeting at which 12.1 Subject to Condition 1.10, Holders will have the holders of deposited Preferred Stock are entitled to vote, the Depositary shall, as soon as practicable thereafter, mail to the record holders of Receipts a notice, which shall be provided by the Company and which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the holders of Receipts at the close of business on a specified record date fixed pursuant to Section 4.04 will be entitled, subject to any applicable provision of law, right to instruct the Depositary as with regard to the exercise of the voting rights pertaining with respect to the amount Deposited Shares subject to and in accordance with the terms of Preferred Stock represented by their respective Depositary Shares this Condition 12 and (iii) a brief statement as Clause 5 of the Deposit Agreement. The Company has agreed to the manner in which such instructions may be given. Upon the written request of a holder of a Receipt on such record date, notify the Depositary shall of any resolution to be proposed at a General Meeting of the Company and the Depositary will vote or cause to be voted the amount Deposited Shares in the manner set out in this Condition 12 and Clause 5 of Preferred Stock represented the Deposit Agreement. The Company agrees with the Depositary that it will promptly provide to the Depositary sufficient copies (but not more than 10 copies), as the Depositary may reasonably request, of notices of meetings of the shareholders of the Company and the agenda therefore as well as written requests containing voting instructions by which each Holder may give instructions to the Depositary to vote for or against, or abstain from voting on, each and any resolution specified in the agenda for the meeting. Based on the notices, agenda and requests provided by the Company, which the Depositary shall prepare and send corresponding notices to any person who is a Holder on the record date established by the Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. To the extent any such instructions request the voting of a fractional interest of a share of deposited Preferred Stock, the Depositary for that purpose (which shall aggregate such interest with all other fractional interests resulting from requests with be the same voting instructions and shall vote as the number corresponding record date set by the Company or the holders of whole votes resulting from such aggregation in accordance with Shares or as near as practicable thereto) as soon as practicable after receipt of the instructions received in such requests. The Company hereby agrees to take all reasonable action that may be reasonably deemed necessary same by the Depositary in order accordance with Condition 22. The Company has also agreed to provide to the Depositary appropriate proxy forms to enable the Depositary to procure the appointment of a representative to attend the relevant meeting and vote on behalf of the registered owner of the Deposited Shares. 12.2 In order for each voting instruction to be valid, the voting instructions form must be completed and duly signed by the respective Holder in accordance with the written request containing voting instructions and returned to the Depositary by such Preferred Stock record date as the Depositary may specify. 12.3 The Depositary will exercise or cause such Preferred Stock to be voted. In exercised the absence voting rights in respect of specific the Deposited Shares so that a portion of the Deposited Shares will be voted for and a portion of the Deposited Shares will be voted against any resolution specified in the agenda for the relevant meeting in accordance with the voting instructions it has received from Holders. 12.4 If the Depositary is advised in the opinion referred to in Condition 12.7 below that it is not permitted by Russian law to exercise the voting rights in respect of the Deposited Shares differently (so that a portion of the Deposited Shares may be voted for a resolution and a portion of the Deposited Shares may be voted against a resolution) the Depositary shall, if the opinion requested under Condition 12.7 below confirms it to be permissible under Russian law, calculate from the holder voting instructions that it has received from all Holders (x) the aggregate number of votes in favour of a Receiptparticular resolution and (y) the aggregate number of votes opposed to such resolution and cast or cause to be cast in favour of or opposed to such resolution the number of votes representing the net positive difference between such aggregate number of votes in favour of such resolution and such aggregate number of votes opposed to such resolution. 12.5 The Depositary will only endeavour to vote or cause to be voted the votes attaching to Deposited Shares in respect of which voting instructions have been received. If no voting instructions are received by the Depositary from a Holder (either because no voting instructions are returned to the Depositary by such Holder or because the voting instructions are incomplete, illegible or unclear) with respect to any or all of the Deposited Shares represented by such Holder’s ADSs on or before the record date specified by the Depositary, the Depositary will abstain from shall have no obligation to, and shall not, exercise any voting rights attaching to such Deposited Shares. 12.6 If the extent Depositary is advised in the opinion referred to in Condition 12.7 below that it is not permissible under Russian law or the Depositary determines that it is not possible to vote or cause to be voted such Deposited Shares in accordance with Conditions 12.3, 12.4 or 12.5 the Depositary shall not vote or cause to be voted such Deposited Shares. 12.7 Where the Depositary is to vote in respect of any resolution in the Preferred Stock represented manner described in Conditions 12.3, 12.4 or 12.5 above the Depositary shall appoint the Custodian or any other person designated by the Depositary as a representative of the registered owner of the Deposited Shares evidenced to attend such meeting and vote the Deposited Shares in the manner required by such Receiptthis Condition 12. The Depositary shall not be required or allowed to take any action required by this Condition 12 if (i) it reasonably requests, within a reasonable time of receipt by it of a notice of any meeting from the Company, that the Company procures that the Depositary receives an opinion from the Company’s legal counsel (such counsel being reasonably acceptable to the Depositary) at the expense of the Company to the effect that votes cast under the voting arrangements contemplated in this Condition 12 and Clause 5 of the Deposit Agreement are valid and binding on the Company under Russian law and the statutes of the Company and that the Depositary is permitted under Russian law to exercise votes in accordance with the provisions of this Condition 12 but that in doing so the Depositary will not be deemed to be exercising voting discretion and (ii) it has not received that opinion. 12.8 By continuing to hold ADSs, all Holders shall be deemed to have agreed to the provisions of this Condition 12 and Clause 5 of the Deposit Agreement as each may be amended from time to time in voting order to comply with applicable Russian law. 12.9 The Depositary shall not, and the Depositary shall ensure the Custodian and its nominees do not, vote or attempt to exercise the right to vote that attaches to the Deposited Shares, other than in accordance with instructions given in accordance with this Condition 12. 12.10 Notwithstanding any Preferred Stock represented other term of this Condition 12 or Clause 5 of the Deposit Agreement, prior to the Depositary being notified in writing by the Company that a Placement Report (Notification) in respect of new Shares deposited into a Facility has been registered, or filed as the case may be, with the FSFM, the Depositary Shares evidenced by shall have no obligation to take any action pursuant to this Condition 12 or Clause 5 of the Deposit Agreement to procure the exercise of votes arising in relation to such ReceiptShares.

Appears in 1 contract

Sources: Deposit Agreement (JSC RusHydro)