Voting Restrictions definition

Voting Restrictions. No vote, in favour of any shareholder resolution required pursuant to clause 7.3, shall be cast on any securities held by a person who is a party or beneficiary of a party to the transactions the subject of the resolution.
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Voting Restrictions. Each share of Stock will entitle the holder to one vote; provided that if at any time WEIF owns, in the aggregate, Stock constituting more than Nineteen and One-Half Percent (19.5%) of the total voting share capital of the Corporation, on an as-converted basis, then the Stock held by WEIF shall be limited, in the aggregate, to Nineteen and One-Half Percent (19.5%) of the total number of votes, on an as-converted basis, such votes to be split equally on a fractional basis amongst such shares; provided further that for so long as WPCT is the holder of any Stock and any provision would result in WPCT being able to exercise more than 49% of the votes capable of being exercised at any particular meeting, on an as-converted basis, then the number of votes attaching to all Stock held by WPCT shall, so long as this situation pertains, be restricted such that the votes conferred on WPCT in respect of all Stock held by it shall represent 49% of the votes capable of being exercised, on an as-converted basis; provided further that if at any time the IPHI Fund owns, in the aggregate, Stock constituting more than Nineteen and One-Half Percent (19.5%) of the total voting share capital of the Corporation, on an as-converted basis, then the Stock held by the IPHI Fund shall be limited, in the aggregate, to Nineteen and One-Half Percent (19.5%) of the total number of votes, on an as-converted basis, such votes to be split equally on a fractional basis amongst such shares; provided further that if at any time the IPI Fund owns, in the aggregate, Stock constituting more than Nineteen and One-Half Percent (19.5%) of the total voting share capital of the Corporation, on an as-converted basis, then the Stock held by the IPI Fund shall be limited, in the aggregate, to Nineteen and One-Half Percent (19.5%) of the total number of votes, on an as-converted basis, such votes to be split equally on a fractional basis amongst such shares.”
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Examples of Voting Restrictions in a sentence

  • This Agreement shall be amended only upon the favorable vote of (a) Members representing a majority of the outstanding Units, and (b) approval of the Manager; provided that any amendment to, or restatement of, this Agreement that modifies the Regulatory Voting Restrictions shall require approval of the Members subject to the Regulatory Voting Restrictions.

  • The Shares shall be subject to the terms and conditions of a Voting Restrictions Agreement between the Company and the Shareholder (the "Voting Restrictions Agreement"), if and when such agreement is executed and delivered by the parties thereto.

  • Until January 1, 2024, all of the Shares issued to Employee pursuant to this Agreement shall be voted by the Board of the Company or its designee (the “Voting Restrictions”) either (a) in accordance with the recommendations of a majority of the Board or (b) in the same proportions for, against and abstaining with respect to any matter as all other shareholders of record of the Company not subject to the Voting Restrictions.

  • The Shares shall be subject to that certain Voting Restrictions Agreement between the Company and the Grantee dated as of the date hereof.

  • During the Call Option Period, each of RRGC and Stratford shall be permitted to sell, distribute or otherwise transfer its Shares free and clear of the Voting Restrictions set forth in Section 3, it being understood that the transfer of Shares by the Stockholders during the Call Option Period is subject to the terms, conditions and restrictions set forth in the Put and Call and Transfer Restriction Agreement.

  • In the event of any stock split, stock dividend, merger, reorganization, recapitalization or other change in the capital structure of Uranerz affecting the Restricted Voting Shares during the term of this Agreement, the number of Restricted Voting Shares shall be adjusted appropriately and the Voting Restrictions and the other terms of this Voting Agreement shall apply to any such adjustment.

  • Until June 1, 2022, all of the Shares issued to Employee pursuant to this Agreement shall be voted by the Board of the Company or its designee (the “Voting Restrictions”) either (a) in accordance with the recommendations of a majority of the Board or (b) in the same proportions for, against and abstaining with respect to any matter as all other shareholders of record of the Company not subject to the Voting Restrictions.

  • Consequences of Vesting The limitations set forth in the following section of this Plan Agreement (Dividends and Voting; Restrictions on Transfer) shall not apply to any shares of the Restricted Stock upon the Vesting Date for such shares of the Restricted Stock.

  • The Voting Restrictions shall terminate three (3) years from the date of Closing.

  • Should any question arise upon which the ------------------------ Voting Trustee shall desire the opinion of the Beneficiaries or for which the Voting Trustee may not vote pursuant to Paragraph 3.2 (Voting Restrictions), a meeting for such purpose shall be called by said Voting Trustee.