Extraordinary Decisions Sample Clauses

Extraordinary Decisions. Subject to Section 4.11, except to the ----------------------- extent any of the matters set forth below are specifically identified in the then-applicable Budget or Business Plan, the Partnership and the Managing Partner may take the following actions only with the prior approval of the Partners' Committee:
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Extraordinary Decisions. Notwithstanding any other provision of this agreement, a decision on any of the following matters shall require the approval of three-quarters of the Coordinating Board:
Extraordinary Decisions. (a) APPROVAL: As a matter overriding any other provision of this agreement or the Articles of Association, the Company shall not (unless the relevant decision is one to which Schedule 4 applies) take, or do or agree to do anything which would require it to take, any Extraordinary Decision unless and until each of Alcatel and Loral (in each case, so long as (i) it is a Relevant A Shareholder and (ii) it has not transferred, other than to transferees which continue to be members of its Group, A Shares representing 30% or more of its holding of A Shares (appropriately adjusted to reflect any sub-division, consolidation or other re-organisation of the capital of the Company) immediately following completion of the Subscription Agreement) has given its prior approval:
Extraordinary Decisions. The following actions involving the Partnership ("Extraordinary Decisions") may be taken only with the prior approval of the USC Partners' Committee:
Extraordinary Decisions. The Partners may, by extraordinary decisions, amend any of the provisions of the statues, including but not limited to the following: - transformation of the Company into another form of Company recognized by the laws in effect at the time of the transformation, without the necessity of creating a new company or obtaining the consent of even the statutory managers - change in the objects of the Company - reduction of the Company term or its prorogation - change in the Firm name - change in the location of the Head Office - amalgamation of the Company with another company - change in the number, rate or conditions of transfers of common shares EXHIBIT 10.0 - change in the number, length of service and powers of the Managers - change in the length of the financial year or in the allocation and distribution of company profits - change in the manner of consulting the Partners - future dissolution of the Company - change in the manner of liquidation Moreover, extraordinary decisions deal with the transfer of common shares to persons outside the Company. Extraordinary decisions are not valid unless they have been adopted by a majority of Partners representing three quarters of the capital stock. However, the Partners may not, unless it is unanimously, change the nationality of the Company, or force one of the Partners to increase his share equity.

Related to Extraordinary Decisions

  • Extraordinary Dividends If the Company, at any time while the Warrants (or rights to purchase the Warrants) are outstanding and unexpired, shall pay a dividend or make a distribution in cash, securities or other assets to the holders of the Ordinary Shares on account of such Ordinary Shares (or other shares of the Company’s capital stock into which the Warrants are convertible), other than (a) as described in subsection 4.1 above, (b) Ordinary Cash Dividends (as defined below), (c) to satisfy the conversion rights of the holders of the Ordinary Shares in connection with a proposed initial Business Combination, (d) as a result of the repurchase of Ordinary Shares by the Company in connection with an initial Business Combination or as otherwise permitted by the Investment Management Trust Agreement between the Company and the Warrant Agent dated of even date herewith (e) or as a result of the issuance of Ordinary Shares as a result of conversion of the Rights issued in the Public Offering, or (f) in connection with the Company’s liquidation and the distribution of its assets upon its failure to consummate a Business Combination (any such non-excluded event being referred to herein as an “Extraordinary Dividend”), then the Warrant Price shall be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and the fair market value (as determined by the Company’s board of directors, in good faith) of any securities or other assets paid on each Ordinary Share in respect of such Extraordinary Dividend. For purposes of this subsection 4.3, “Ordinary Cash Dividends” means any cash dividend or cash distribution which, when combined on a per share basis with the per share amounts of all other cash dividends and cash distributions paid on the Ordinary Shares during the 365-day period ending on the date of declaration of such dividend or distribution (as adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of Ordinary Shares issuable on exercise of each Warrant) does not exceed $0.50 (being 5% of the offering price of the Units in the Offering).

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