Examples of Majority of the Shareholders in a sentence
These Articles may be amended, in whole or in part, by an Ordinary Majority of the Shareholders voting at a General Meeting.
If the Company will be wound up voluntarily the liquidators may, with the approval of a Special Majority of the Shareholders voting at a General Meeting, divide among the Shareholders any part of the Company's assets remaining after payment of all of the Company's outstanding obligations.
In the event there is no remaining Managing Shareholder and a Majority of the Shareholders elect to continue the Trust, it shall be continued with the new Managing Shareholder or Managing Shareholders who shall succeed to and assume all of the powers, privileges and obligations of the previous Managing Shareholder or Managing Shareholders hereunder.
On the affirmative vote of a Majority of the Shareholders entitled to vote (excluding Common Shares held by the Managing Shareholder that is the subject of the vote or by its Affiliates), such Managing Shareholder shall be removed.
The Trust shall elect to be taxed as a REIT, unless the Board determines that it is in the best interest of the Shareholders as a group that the Trust terminate its status as a REIT and a Majority of the Shareholders entitled to vote, at a Shareholders' meeting duly convened under the terms and conditions of this Declaration, votes to cause the Trust to terminate its REIT status.
The Chairperson of a General Meeting at which a quorum is present may, with the consent of an Ordinary Majority of the Shareholders participating in such meeting in person or by proxy and that participate in such vote (and shall if so directed by an Ordinary Majority at the meeting), adjourn the meeting from time to time and from place to place, but no business shall be transacted at any adjourned meeting except business which might lawfully have been transacted at the meeting as originally called.
The Option shall terminate and expire on November 16, 2000 unless the Plan has been approved by a Majority of the Shareholders by November 15, 2000 provided that if the Option becomes Voted Matter as defined in Section 3(d) of the Employment Agreement the Option shall expire on November 16, 2000 unless the Plan and the Option are approved by a Majority of the Shareholders by November 15, 2000.
The Option shall terminate and expire on November 16 , 2000 unless the Plan has been approved by a Majority of the Shareholders by November 15, 2000 provided that if the Option becomes Voted Matter as defined in Section 3(d) of the Employment Agreement the Option shall expire on November 16, 2000 unless the Plan and the Option are approved by a Majority of the Shareholders by November 15, 2000.
Notwithstanding anything to the contrary herein, the Plan or the Employment Agreement, the Option shall not vest until the Plan shall have been approved by a Majority of the Shareholders by November 15, 2000 provided that if the Stock Option becomes a Voted Matter as defined in Section 3(d) of the Employment Agreement the Option shall not vest until the Option and the Plan shall have been approved by a Majority of the Shareholders by November 15, 2000.
Unless otherwise provided for by the terms of issuance of a particular class of Shares, the Company may create or change rights, preferences, restrictions and provisions related to one or more of the classes of Shares, after receipt of the consent in writing of all Shareholders of the affected class, or a resolution passed at a General Meeting of such class, approved by a Special Majority of the Shareholders of the affected class.