Examples of Controlled Shares in a sentence
Thus, the Formula will be applied first to the votes of shares held by the Member to whom the largest number of total Controlled Shares is attributable and thereafter sequentially with respect to the Member with the next largest number of total Controlled Shares.
In each case, calculations are made on the basis of the aggregate number of votes conferred by the issued Common Shares as of such date, as reduced by the application of the Formula to any issued Common Shares of any Member with a larger number of total Controlled Shares as of such date.
For the purposes of determining the votes exercisable by Members as at any date, the Formula shall be applied to the shares of each Member in declining order based on the respective numbers of total Controlled Shares attributable to each Member.
Stockholder has the sole right to vote the shares, if any, listed as Controlled Shares on SCHEDULE A hereto.
HSSPP shall be required to ensure that requisite certificate is given by the concerned bidder on the bills before releasing their payments.