No Limitation on Vote, Transfer and Payment of Dividends Clause Samples
The "No Limitation on Vote, Transfer and Payment of Dividends" clause ensures that shareholders' rights to vote, transfer their shares, and receive dividends are not restricted by the agreement. In practice, this means that shareholders can freely sell or transfer their shares to others, participate fully in shareholder meetings and votes, and receive any declared dividends without additional conditions or limitations imposed by the contract. This clause is important because it preserves the fundamental rights and liquidity of shareholders, preventing the company or other parties from imposing unexpected restrictions that could affect the value or enjoyment of their shares.
No Limitation on Vote, Transfer and Payment of Dividends. Except as set forth in the Deposit Agreement, the Prospectus or the documents incorporated by reference therein, there are no limitations under Chilean law on the rights of holders of Common Shares, ADSs or ADRs evidencing ADSs to hold or vote or transfer their respective securities, and no approvals and/or filings are currently required in Chile (including any foreign exchange or foreign currency approvals) in order for the Company to pay dividends declared by the Company to the holders of Common Shares, including the Depositary, other than the Company’s requirement to report to the Central Bank of Chile any paid dividends within the first ten calendar days of the month following the payment of such dividend in accordance with Chapter XIV of the Central Bank Foreign Exchange Regulation. All dividends and other distributions declared and payable on the Common Shares may be paid in pesos exchangeable into U.S. dollars to the Depositary subject only to a Chilean withholding tax of 35% (which may be reduced by certain tax credits discussed in the Prospectus under the caption “Taxation – Chilean Taxation”) but otherwise free and clear of any tax, duty, withholding or deduction imposed by or in Chile.
No Limitation on Vote, Transfer and Payment of Dividends. Except as set forth in the Articles of Association, the Deposit Agreement, the General Disclosure Package or the Registration Statement and, except for applicable securities law restrictions on the sale of securities, there are no limitations on the rights of holders of Shares, ADSs or ADRs evidencing the ADSs to hold or vote or transfer their respective securities, and no approvals are currently required in the Cayman Islands in order for the Company to pay dividends declared by the Company to the holders of Shares, including the Depositary and, except as disclosed in the General Disclosure Package and the Registration Statement, no such dividends or other distributions will be subject to withholding or other taxes under the laws and regulations of the Cayman Islands and may be so paid without the necessity of obtaining any Governmental License (as defined in Section 2(bb)) in the Cayman Islands.
No Limitation on Vote, Transfer and Payment of Dividends. Except as set forth in the Articles of Association, the Deposit Agreement, the General Disclosure Package, Registration Statement and Prospectus and, except for applicable securities law restrictions on the sale of securities, there are no limitations on the rights of holders of Ordinary Shares, ADSs or ADRs evidencing the ADSs to hold or vote or transfer their respective securities, and no approvals are currently required in the Cayman Islands in order for the Company to pay dividends declared by the Company to the holders of Ordinary Shares, including the Depositary and, except as disclosed in the General Disclosure Package, Registration Statement and Prospectus, no such dividends or other distributions will be subject to withholding or other taxes under the laws and regulations of the Cayman Islands and may be so paid without the necessity of obtaining any Governmental License (as defined in Section 1(a)(xxii)) in the Cayman Islands.
No Limitation on Vote, Transfer and Payment of Dividends. Except as described in or expressly contemplated by each of the Registration Statement, the Pricing Disclosure Package and the Prospectus, (i) there are no limitations under Brazilian law on the rights of holders of the ADSs or Offered Shares to hold or vote or transfer their respective ADSs or Offered Shares, (ii) no approvals are currently required in Brazil (including any foreign exchange or foreign currency approvals) in order for the Company to pay dividends, interest attributable to shareholders’ equity or other distributions declared by the Company to the holders of the ADSs or Offered Shares, including the ADS Depositary (with respect to the Underlying Shares), (iii) all dividends declared and payable may be paid in reais exchangeable into U.S. dollars to the ADS Depositary free and clear of any tax, duty, withholding or deduction imposed by or in Brazil and (iv) interest attributable to shareholders’ equity (juros sobre o capital próprio) declared and payable may be paid in reais exchangeable into U.S. dollars to the ADS Depositary in situations where the amount payable will be subject to income tax withholding imposed in Brazil.
No Limitation on Vote, Transfer and Payment of Dividends. Except as described in the Registration Statement, the General Disclosure Package and the Prospectus, there are no limitations on the rights of holders of the Securities to hold or vote or transfer their respective Securities; no governmental or regulatory authorization is required in order for the Company to pay dividends or other distributions on the Securities declared by the Company to the holders of the Securities; and no such dividends or other distributions will be subject to withholding or other taxes under the laws and regulations of any jurisdiction.
No Limitation on Vote, Transfer and Payment of Dividends. Except as set forth in the Deposit Agreement or the Prospectus, there are no limitations under Brazilian law on the rights of holders of Common Shares, ADSs or ADRs evidencing ADSs to hold or vote or transfer their respective securities, and no approvals are currently required in Brazil (including any foreign exchange or foreign currency approvals) in order for the Company to pay dividends declared by the Company to the holders of Common Shares, the ADSs or the ADRs, including the Depositary. Except as set forth in the Prospectus, all dividends and other distributions declared and payable on the Common Shares may under current Brazilian laws and regulations be paid to the Depositary in Brazilian reais that may be converted into foreign currency that may be freely transferred out of Brazil; and all such dividends and other distributions are otherwise free and clear of any other tax, duty, withholding or deduction in Brazil without the necessity of obtaining any governmental authorization in Brazil, other than as described in the Prospectus under the headings "Dividend Policy," "Description of Capital Stock - Mandatory Dividend" or "Taxation - Brazilian Tax Considerations."
No Limitation on Vote, Transfer and Payment of Dividends. Except as disclosed in the Registration Statement, there are no limitations under Israeli law on the rights of holders of Ordinary Shares to hold or vote or transfer their respective securities, and no approvals are currently required in Israel (including any foreign exchange or foreign currency approvals) in order for the Company to pay dividends declared by the Company to the holders of Ordinary Shares.
No Limitation on Vote, Transfer and Payment of Dividends. Except as set forth in the Registration Statement, the Pricing Disclosure Package or the Prospectus, there are no limitations under Brazilian law on the rights of holders of the Securities to hold or vote or transfer their respective Securities, and no approvals are currently required in Brazil (including any foreign exchange or foreign currency approvals) in order for the Company to pay dividends, interest attributable to shareholders’ equity or other distributions declared by the Company to the holders of the Securities, including the ADS Depositary (with respect to the Shares).
No Limitation on Vote, Transfer and Payment of Dividends. Except as disclosed in the Prospectus or the Registration Statement and except for applicable securities law restrictions on the sale of securities, there are no limitations on the rights of holders of Ordinary Shares, ADSs or ADRs evidencing the ADSs to hold or vote or transfer their respective securities, the Company is not currently prohibited, directly or indirectly, from paying any dividends or other distributions to the holders of Ordinary Shares, including the Depositary, from making any other distribution on the Ordinary Shares, all dividends and other distributions declared and payable upon the Ordinary Shares may be converted into foreign currency that may be freely transferred out of Bermuda and all such dividends and other distributions are not and will not be subject to withholding or other taxes under the current laws and regulations of Bermuda and are otherwise free and clear of any other tax, withholding or deduction in Bermuda in each case without the necessity of obtaining any governmental or regulatory authorization in Bermuda, except such as have been obtained.
No Limitation on Vote, Transfer and Payment of Dividends. Except as disclosed in the Prospectus or the Registration Statement and except for applicable securities law restrictions on the sale of securities, there are no limitations on the rights of holders of Ordinary Shares, ADSs or ADRs evidencing the ADSs to hold or vote or transfer their respective securities, the Company is not currently prohibited, directly or indirectly, from paying any dividends or other distributions to the holders of Ordinary Shares, including the Depositary, from making any other distribution on the Ordinary Shares, all dividends and other distributions declared and payable upon the Ordinary Shares may be converted into foreign currency that may be freely transferred out of Bermuda and all such dividends and other distributions are not and will not be subject to withholding or other taxes under the current laws and regulations of Bermuda and are otherwise free and clear of any other tax, withholding or deduction in Bermuda in each case without the necessity of obtaining any governmental or regulatory authorization in Bermuda, except such as have been obtained.