Special Voting Share definition
Examples of Special Voting Share in a sentence
Immediately following execution and delivery of this Agreement, Contango shall issue to and deposit with the Trustee the Special Voting Share to be hereafter held of record by the Trustee as trustee for and on behalf of, and for the use and benefit of, the Beneficiaries and in accordance with the provisions of this Agreement.
Contango hereby acknowledges receipt from the Trustee, as trustee for and on behalf of the Beneficiaries, of USD$1.00 and other good and valuable consideration (and the adequacy thereof) for the issuance of the Special Voting Share by Contango to the Trustee.
The Trustee shall hold the Special Voting Share in order to enable the Trustee to exercise the Voting Rights and shall hold the Exchange Right and the Automatic Exchange Right in order to enable the Trustee to exercise or enforce such rights, in each case as trustee for and on behalf of the Beneficiaries as provided in this Agreement.
During the term of this Agreement, Contango shall not, without the consent of the holders at the relevant time of Exchangeable Shares, given in accordance with Section 27.10(b) of the Exchangeable Share Provisions, issue any Special Voting Shares other than the Special Voting Share issued pursuant to Section 3.1.
The Trustee, as the holder of record of the Special Voting Share, shall be entitled to exercise all of the Voting Rights, including the right to consent to or vote in person or by proxy the Special Voting Share, on any matter, question, proposal or proposition whatsoever that may properly come before the shareholders of Contango at a Contango Meeting.