Manner in which Class Clause Samples
The "Manner in which Class" clause defines how a particular class of parties, claims, or interests is to be treated or handled under an agreement or legal proceeding. Typically, this clause outlines the specific procedures, rights, or obligations that apply to members of the designated class, such as how they may participate in distributions, voting, or settlements. By clearly specifying the treatment of a class, this clause ensures consistency and fairness, and helps prevent disputes regarding the rights or processes applicable to that group.
Manner in which Class rights to be exercised
4.4.1 the right to appoint Directors pursuant to Clause 5.2 and to nominate the Company’s chairman and deputy chairman on a rotating basis pursuant to Clause 5.3;
4.4.2 the right to decide how the Company’s AsiaSat Voting Rights should be exercised from time to time with respect to its Attributable AsiaSat Shares in accordance with Clause 7;
4.4.3 the right to dividends and other rights accruing on or with respect to its Attributable AsiaSat Shares in accordance with Clause 8; and
4.4.4 the right to nominate AsiaSat Directors and certain AsiaSat officers in accordance with Clause 6.