Restrictions on Voting Sample Clauses

Restrictions on Voting. The Sponsor has contributed $200,000 (the “Initial Investment”) in exchange for the initial issuance of Shares of the Trust. The Sponsor or its Affiliates may not sell any of the Shares purchased with the Initial Investment while the Advisor acts in an advisory capacity to the Trust. The restrictions included above shall not apply to any Shares acquired by the Advisor or its Affiliates other than the Shares acquired through the Initial Investment. Neither the Advisor nor its Affiliates shall vote any Shares they now own, or hereafter acquires, in any vote for the election of Trustees or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.

Restrictions on Voting. In connection with any annual or special meeting of stockholders or any action by written consent in lieu of a stockholders meeting, the Stockholders agree to vote all of their shares of Common Stock either in favor of (or provide a written consent to) or against the action in question, as determined by the decision of a majority of the Stockholders who still own at least 20,000 shares of Common Stock. In the event of any stock dividend, stock split, combination or exchange of shares, reclassification or recapitalization of the Company’s Common Stock, or reorganization of the Company, the aggregate number and class of shares shall be adjusted to account for the foregoing event.

Restrictions on Voting. Notwithstanding anything to the contrary in the Certificate of Incorporation of the Company or under applicable law, to the extent that Purchaser holds Registrable Securities that, together with any other voting securities of the Company, result in Purchaser having voting power in excess of nine and 99/100 percent (9.99%) of all voting securities of the Company, Purchaser shall appoint one or more individuals designated by the Company as its proxy and authorize and instruct such proxy holders to vote such voting securities with such excess voting power in the same proportion as all other votes cast on any specific proposal coming before the Company’s stockholders.

Restrictions on Voting. During the Term of this Agreement, the Bxxxx Street Group agrees that all of the Voting Stock Beneficially Owned by the Bxxxx Street Group in excess of 14.99% of the Voting Stock then outstanding shall be voted by the Bxxxx Street Group either (i) in proportion to the votes cast by all holders of Voting Stock other than the Bxxxx Street Group or (ii) in accordance with the recommendation of the Board. At the Company’s request, the Bxxxx Street Group shall provide the Company with evidence of the Bxxxx Street Group’s compliance with this Section 4(a).

Restrictions on Voting. Prior to a Default Period, the Pledgor has the right, in its discretion, to vote or exercise voting rights with respect to any stock, securities or instruments forming a part of the Collateral. Notwithstanding the foregoing, the Pledgor is not to vote or exercise any voting rights, directly or indirectly, with respect to any stock, securities or instruments forming a part of the Collateral for a merger, consolidation, dissolution, sale of all or substantially all assets, or for an amendment to the Certificate of Incorporation or Bylaws without the prior written consent of Lender, which consent is not to be unreasonably withheld or delayed.

Restrictions on Voting. There are no voting trusts, proxies or other agreements or understandings with respect to the voting of the capital stock of the GlobalNet Shareholder.

Restrictions on Voting. Except as otherwise provided by the Articles, a Director shall not vote or be counted in the quorum on any resolution of the Board and, if the other Directors so decide, be excluded from any meeting concerning a matter in which he has an interest which can reasonably be regarded as likely to give rise to a conflict with the interests of the Company, unless his interest arises only because the resolution concerns one or more of the following matters:

Restrictions on Voting. A Member shall not be entitled to vote, and his or her vote shall not be counted in determining the voting power of the Company, under the following circumstances: (a) If the subject of the vote is whether that Member should be declared disabled; or (b) If the subject of the vote is whether to reject an obligation incurred by that Member as being improperly incurred on behalf of the Company.

Restrictions on Voting. Under our Amended and Restated Articles of Incorporation, as amended, no person (including associates and affiliates of such a person, each as defined in our articles) who beneficially owns (as defined in our articles) more than 10% of our then outstanding shares of common stock shall be entitled to vote the shares of common stock owned in excess of the 10% limit, unless such persons receives the prior approval of two thirds of our board of directors. Pursuant to a voting agreement dated as of August 23, 2017 by and between CCF and Xx. Xxxxxx, which was approved by approved by two thirds of the CCF board of directors, Xx. Xxxxxx is not subject to these restrictions on voting his shares of CCF common stock and will not be subject to these restrictions on voting his shares of HSBI common stock; provided, however, that (1) through July 31, 2019, with respect to the election of CCF directors, any shares of CCF common stock held by Xx. Xxxxxx in excess of 10% of the outstanding shares of CCF common stock at any point shall be voted in a manner calculated to most accurately reflect how all other shares of CCF common stock are actually voted with respect to such election of directors, and (2) any shares of CCF common stock held by Xx. Xxxxxx in excess of 33% of the outstanding shares of CCF common stock at any point shall be voted in a manner calculated to most accurately reflect how all other shares of CCF common stock are actually voted. The restrictions described in the foregoing clauses (1) and (2) shall terminate upon the later of (a) July 31, 2019, (b) if the shares of CCF common stock beneficially owned by the Xx. Xxxxxx represent less than 33.0% of the total shares of CCF common stock outstanding, or (c) upon the exchange or conversion of CCF’s common stock into securities of an entity other than CCF in connection with a business combination.