Disenfranchisement definition

Disenfranchisement means, in relation to an Underlying Entities’ Shares, the cancellation, suspension, restriction or disregard of any rights (including without limitation a Beneficial Interest or those rights connected with voting or dividends) attaching to or in respect of that Underlying Entities’ Shares, as a result of:
View Source
Disenfranchisement means, in relation to an Underlying Entities’’ Share, the cancellation, suspension, restriction or disregarding of any rights (including without limitation a Beneficial Interest or those rights connected with voting or Distributions) attaching to or in respect of that Underlying Entities’ Share, as a result of:
View Source

Examples of Disenfranchisement in a sentence

  • If a Disenfranchisement Notice does not specify the name and address of a Beneficial Holder then the Depositary shall give such notice to all Owners and deny voting instruction rights pro rata as to all outstanding Receipts.

  • The Company shall take all reasonable steps to identify the Beneficial Holder who has a Relevant Interest in Shares in breach of the Limitation and shall consult with the Depositary prior to forwarding such Disenfranchisement Notice.

  • The Issuer shall take all reasonable steps to identify the Beneficial Holder who has a Relevant Interest in Shares in breach of the Limitation and shall consult with the Depositary prior to forwarding such Disenfranchisement Notice.

  • The Company shall take all reasonable steps, to the extent practicable, to identify the Beneficial Holder who has a Relevant Interest in Shares in breach of the Limitation and the identity of the book-entry system participant, if any, through which that Beneficial Holder owns that Relevant Interest and shall consult with the Depositary prior to forwarding such Disenfranchisement Notice.

  • Disenfranchisement of shareholders and their affiliates that purchase debt to be introduced into the Secured Facility Agreements.

  • If a Disenfranchisement Notice does not specify the name and address of a Beneficial Holder or it is not practicable for the Depositary to deny those rights only to the specified Beneficial Holder, then the Depositary shall give such notice to all Owners and deny voting instruction rights pro rata as to all outstanding American Depositary Shares.

  • To: as Agent From: The Lender Dated: 1 We refer to paragraph (b) of Clause 28.2 (Disenfranchisement of Parent Affiliates) of the Facilities Agreement.

  • Security Agent Notes: To: as Agent From: The Subscriber Dated: 1 We refer to paragraph (b) of Clause 30.2 (Disenfranchisement of Parent Affiliates) of the Note Subscription Agreement.

  • This provision is subject to Clause 37.3 (Disenfranchisement of Defaulting Lenders) and Clause 37.4 (Exclusion of Commitments of Defaulting Lender).

  • If the Event of Default is remedied to the satisfaction of the Non-Defaulting Shareholders, then the transfer restrictions of this clause 17.3(b) and the other restrictions set out in the Disenfranchisement Notice shall be revoked with effect from the date of such cure.