Exercisable Voting Rights definition

Exercisable Voting Rights means a voting right attaching to an Equity Instrument of a participant measured using the Flow Through Principle, that is not subject to any limit other than limitations that may be subject to financing arrangements imposed by lenders providing financing for such Equity Instruments;
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Examples of Exercisable Voting Rights in a sentence

  • Further Black participation through ownership in the Agri-Industry by increasing the level of entitlement of Black People to participate in the Economic Interest and Exercisable Voting Rights in existing and new Enterprises.

  • The objective of this element is to increase the participation of Black People in the Agri-Industry by increasing the level of entitlement of Black People to participate in the Economic Interest and Exercisable Voting Rights of Enterprises in the Sector.

  • R.Y Modified Flow-Through Principle: R.Y.( A Measured Entity applying this Modified Flow-Through Principle cannot benefit from the Exclusion PrincipleR.Y.& The Modified Flow-Through Principle applies to B-BBEE owned or controlled company in the ownership of the Measured Entity.R.Y.R In calculating Exercisable Voting Rights under paragraph &.(.(.

  • An Enterprise may be awarded points in its Ownership Scorecard for the notional participation of black people in the Economic Interest and/or Exercisable Voting Rights of that Enterprise, arising from the ownership of an Equity Interest in that Enterprise by a Warehousing Fund.

  • R.Y Modified Flow-Through Principle: R.Y.( A Measured Entity applying this Modified Flow-Through Principle cannot benefit from the Exclusion PrincipleR.Y.2 The Modified Flow-Through Principle applies to B-BBEE owned or controlled company in the ownership of the Measured Entity.R.Y.R In calculating Exercisable Voting Rights under paragraph 2.(.(.

  • The total number of voting rights exercisable by each shareholder is indicated in Annexure A the phrase "Total Number of Exercisable Voting Rights".

  • The Company has framed whistle blower policy to report concerned areas to the Management.Management is responsible for establishing and maintaining internal financial controls.

  • In calculating Exercisable Voting Rights under table 2a, paragraph 2.1 and Economic Interest under paragraph 2.3, the following applies: Where in the chain of ownership, Black People have a flow-through level of participation in excess of 50%, then only once in that chain may such black participation be treated as if it were 100% black.

  • Notwithstanding the provisions of paragraph 7.1, no such Exercisable Voting Rights shall be recognisable unless the Warehousing Fund, the Enterprise in which the Warehousing Fund holds an Equity Interest, and the Intended Black Participants, have concluded a tripartite agreement in terms of which those Exercisable Voting Rights are irrevocably transferred to those Intended Black Participants for the duration of the warehousing period.

  • Black People represented in positions that are key to the functioning of companies: This Code encourages the employment of Black People in positions that are core to the operations of a company at all management levels.The measurement takes place through Indicator Weightings which are as follows:STAATSKOERANT, 26 APRIL 2019 No. 42417 123 Indicator Weighting points Compliance target2.1 Board participation2.1.1 Exercisable Voting Rights of Black BoardMembers as a percentage of all Board Members 1.

Related to Exercisable Voting Rights

  • Voting Rights The portion of the voting rights of all of the Certificates which is allocated to any Certificate. As of any date of determination, (a) 1% of all Voting Rights shall be allocated to each Class of Notional Amount Certificates, if any (such Voting Rights to be allocated among the holders of Certificates of each such Class in accordance with their respective Percentage Interests), and (b) the remaining Voting Rights (or 100% of the Voting Rights if there is no Class of Notional Amount Certificates) shall be allocated among Holders of the remaining Classes of Certificates in proportion to the Certificate Balances of their respective Certificates on such date.

  • Non-Voting Shares means a particular Class of Shares that do not carry the right to notice of or to attend or vote at general meetings of the Company or the relevant Fund.

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Multiple Voting Shares means the multiple voting shares in the capital of the Corporation;

  • Special Voting Share means, in relation to the Corporation, the Carnival Special Voting Share and, in relation to P&O Princess, the P&O Princess Special Voting Share.

  • Subordinate Voting Shares means the subordinate voting shares in the capital of the Corporation;

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Qualifying Preferred Stock means non-cumulative perpetual preferred stock of the Corporation that (a) ranks pari passu with or junior to all other preferred stock of the Corporation, and (b) either (x) is subject to a Qualifying Replacement Capital Covenant or (y) is subject to Intent-Based Replacement Disclosure and has a provision that prohibits the Corporation from paying any dividends thereon upon its failure to satisfy one or more financial tests set forth therein, and (c) as to which the transaction documents provide for no remedies as a consequence of non-payment of dividends other than Permitted Remedies.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Preferred Stock Equivalents shall have the meaning set forth in Section 11(b) hereof.

  • Non-Voting Common Stock means the non-voting common stock, par value $0.01 per share, of the Company.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Class A Preferred Stock means the Company's Class A Convertible Preferred Stock, par value $.01 per share.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Voting Parity Stock means, with regard to any matter as to which the holders of Designated Preferred Stock are entitled to vote as specified in Sections 7(a) and 7(b) of these Standard Provisions that form a part of the Certificate of Designations, any and all series of Parity Stock upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

  • Special Voting Units means, collectively, special voting units of the REIT, and “Special Voting Unit” means any one of them.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Optioned Stock means the Common Stock subject to an Option.

  • Series A Convertible Preferred Stock means the Company's Series A Convertible Preferred Stock, par value $.01 per share.

  • Equivalent Preferred Shares shall have the meaning set forth in Section 11(b) hereof.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.