Entitlements of Classes Sample Clauses
The 'Entitlements of Classes' clause defines the specific rights, benefits, or privileges that are granted to different classes of stakeholders, such as shareholders or members, within an organization or agreement. In practice, this clause outlines what each class is entitled to, which may include voting rights, dividend distributions, or priority in asset liquidation. By clearly delineating these entitlements, the clause ensures transparency and prevents disputes by making it clear what each class can expect under the terms of the agreement.
Entitlements of Classes. Except as specifically otherwise provided for elsewhere in this Agreement, all dividends and other entitlements conferred by, or accrued or accruing with respect to, any of the Company’s AsiaSat Shares shall be passed through or (as appropriate) allocated and attributed to each Class in proportion to the Shareholders’ respective shareholdings in the Company.