Examples of MVS Holders in a sentence
However, on the written request of the MVS Holders and the Company or of the successor trustee, the trustee ceasing to act shall execute and deliver an instrument transferring to such successor trustee all the rights and powers of the trustee so ceasing to act.
The Trustee, or any successor trustee subsequently appointed, may resign at any time by giving written notice of such resignation to the Company specifying the date on which its desired resignation shall become effective, provided that such notice shall be provided at least three (3) months in advance of such desired effective date unless the MVS Holders and the Company otherwise agree.
The removal of the Trustee (or any successor trustee subsequently appointed) shall become effective upon the appointment of a successor trustee in accordance with Section 6.3. Successor Trustee Any successor trustee appointed as provided under this Agreement shall execute, acknowledge and deliver to the MVS Holders and the Company and to its predecessor trustee an instrument accepting such appointment.
The MVS Holders and the Company acknowledge that federal and/or provincial legislation that addresses the protection of individuals’ personal information (collectively, “Privacy Laws”) applies to certain obligations and activities under this Agreement.
Several not Joint The obligations of the MVS Holders pursuant to this Agreement are several, and not joint and several, and no MVS Holder shall be liable to the Company, the Limited Voting Holders or the Trustee or any other party for the failure of any other MVS Holder to comply with its covenants and obligations under this Agreement.
The MVS Holders and the Company hereby acknowledge that any sale of Multiple Voting Shares, whether in accordance with this Agreement or otherwise, shall in all circumstances be subject to the provisions of the Articles, including those relating to the automatic conversion of Multiple Voting Shares into Limited Voting Shares, and that in the event of a conflict between this Agreement and any provision of the Articles, the provisions of the Articles shall prevail.
The MVS Holders and the Company shall, prior to transferring or causing to be transferred personal information to the Trustee, obtain and retain required consents of the relevant individuals to the collection, use and disclosure of their personal information, or shall have determined that such consents either have previously been given upon which the parties can rely or are not required under the Privacy Laws.
Upon the request of any such successor trustee, the MVS Holders, the Company and such predecessor trustee shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights and powers.
If the MVS Holders or the Company shall fail to cause such news release to be filed or notice to be mailed within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Company.
In furtherance of the foregoing, the MVS Holders and the Company hereby establish and create the Trust (as defined below) pursuant to the terms and conditions of this Agreement and hereby appoints the Trustee to act as trustee for the Trust.