Common use of Other Classes Clause in Contracts

Other Classes. In addition to Preference Units issued under clause 7.1, the Trustee may, subject to this Deed and with the approval of: (a) a Special Resolution of the Unit Holders holding Ordinary Units; and (b) where there are Preference Units on issue, a Unanimous Resolution of the Unit Holders holding Preference Units, issue Units of different Classes, with different proprietary and other rights and different liabilities as provided in this Deed or specified in the terms of issue or, subject to the Trustee’s duties and the terms of issue of each Class of Units, at any time categorise any Units into a Class.

Appears in 4 contracts

Samples: Reference User Funding Agreement (Rufa), Trust Deed, Trust Deed

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!