Operational Matter definition
Examples of Operational Matter in a sentence
If the AK Board is Deadlocked on the manner in which the AK should vote with respect to any Key Operational Matter, then the directors appointed by the Holders of the Class A Certificates or the directors appointed by the Holders of the Class B Certificates shall have an alternating casting vote in accordance with Section 3.05 to break such Deadlock.
If any Ownership Matter (as defined in Section 4.02) or Key Operational Matter (as defined in Section 4.03) shall be considered at any ordinary or extraordinary shareholders' meeting of the Company, the provisions of Sections 4.02 and 4.03 shall apply.
If the AK Board is Deadlocked on the manner in which the AK should vote with respect to any Key Operational Matter, then the directors appointed by the Holders of the Class A Certificates or the directors appointed by the Holders of the Class B Certificates shall have an alternating casting vote in accordance with Section 4.05 to break such Deadlock.
If the AK Board takes action in accordance with Section 2.06(d) on the manner in which the AK should vote with respect to any Key Operational Matter, it will instruct its representatives to vote the AK’s Shares accordingly.
If any Ownership Matter or Key Operational Matter shall be considered at any ordinary, ad hoc, special or extraordinary shareholders’ meeting of the Company, the provisions of Sections 4.02 or 4.03 shall apply.
If the AK Board takes action in accordance with Section 3.06(d) on the manner in which the AK should vote with respect to any Key Operational Matter, it will instruct its representatives to vote the AK's Shares accordingly.
If the AK Board cannot take action on the manner in which the AK or its representatives at the Company Board should vote (at a shareholders’ meeting of the Company or at a meeting of the Company Board) with respect to any Key Operational Matter because of a tie vote, then the Class A Directors or the Class B Directors shall have an alternating casting vote at the AK Board in accordance with Section 4.05 to resolve such Deadlock.
The AK Board will meet prior to each shareholders’ meeting of the Company or each meeting of the Company Board at which a Key Operational Matter will be considered in order to determine the manner in which the Shares owned by the AK will be voted or the manner in which the members of the Company Board who have been exclusively nominated by the Class A Holders and the members of the Company Board who have been exclusively nominated by the Class B Holders shall vote.
The charge for the period was higher than the standard rate of corporation tax due to the impact of disallowed expenses, largely relating to non-qualifying depreciation, as in the same period last year.
If the AK Board takes action in accordance with Article 9.3 on the manner in which the AK should vote with respect to any Key Operational Matter or Other Operational Matters, it will instruct its representatives selected pursuant to Article 9.5 to vote the AK's shares accordingly.