Class M-I Stockholders Sample Clauses

The 'Class M-I Stockholders' clause defines the rights, privileges, and obligations specific to holders of Class M-I shares within a company. This clause typically outlines aspects such as voting rights, dividend entitlements, and any special approval requirements that apply to these stockholders. For example, it may specify whether Class M-I stockholders have the right to elect certain directors or receive priority in distributions. The core function of this clause is to clearly delineate the unique position of Class M-I stockholders, ensuring transparency and preventing disputes regarding their role and benefits within the corporate structure.