Restrictions on Voting. During the term of this Agreement, including any extensions or renewals of this Agreement, neither the Advisor nor its Affiliates shall be permitted to vote any Shares they now own, or hereafter acquire, in any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates. The restrictions on voting of Shares owned by the Advisor and its Affiliates shall cease and be of no further effect upon termination of this Agreement.
Restrictions on Voting. The Sponsor has contributed $200,000 (the “Initial Investment”) in exchange for the initial issuance of Shares of the Trust. The Sponsor or its Affiliates may not sell any of the Shares purchased with the Initial Investment while the Advisor acts in an advisory capacity to the Trust. The restrictions included above shall not apply to any Shares acquired by the Advisor or its Affiliates other than the Shares acquired through the Initial Investment. Neither the Advisor nor its Affiliates shall vote any Shares they now own, or hereafter acquires, in any vote for the election of Trustees or any vote regarding the approval or termination of any contract with the Advisor or any of its Affiliates.
Restrictions on Voting. In connection with any annual or special meeting of stockholders or any action by written consent in lieu of a stockholders meeting, the Stockholders agree to vote all of their shares of Common Stock either in favor of (or provide a written consent to) or against the action in question, as determined by the decision of a majority of the Stockholders who still own at least 20,000 shares of Common Stock. In the event of any stock dividend, stock split, combination or exchange of shares, reclassification or recapitalization of the Company’s Common Stock, or reorganization of the Company, the aggregate number and class of shares shall be adjusted to account for the foregoing event.
Restrictions on Voting. Notwithstanding anything to the contrary in the Certificate of Incorporation of the Company or under applicable law, to the extent that Purchaser holds Registrable Securities that, together with any other voting securities of the Company, result in Purchaser having voting power in excess of nine and 99/100 percent (9.99%) of all voting securities of the Company, Purchaser shall appoint one or more individuals designated by the Company as its proxy and authorize and instruct such proxy holders to vote such voting securities with such excess voting power in the same proportion as all other votes cast on any specific proposal coming before the Company’s stockholders.
Restrictions on Voting. During the Term of this Agreement, the Xxxxx Street Group agrees that all of the Voting Stock Beneficially Owned by the Xxxxx Street Group in excess of 14.99% of the Voting Stock then outstanding shall be voted by the Xxxxx Street Group either (i) in proportion to the votes cast by all holders of Voting Stock other than the Xxxxx Street Group or (ii) in accordance with the recommendation of the Board. At the Company’s request, the Xxxxx Street Group shall provide the Company with evidence of the Xxxxx Street Group’s compliance with this Section 4(a).
Restrictions on Voting. Prior to a Default Period, the Pledgor has the right, in its discretion, to vote or exercise voting rights with respect to any stock, securities or instruments forming a part of the Collateral. Notwithstanding the foregoing, the Pledgor is not to vote or exercise any voting rights, directly or indirectly, with respect to any stock, securities or instruments forming a part of the Collateral for a merger, consolidation, dissolution, sale of all or substantially all assets, or for an amendment to the Certificate of Incorporation or Bylaws without the prior written consent of Lender, which consent is not to be unreasonably withheld or delayed.
Restrictions on Voting. There are no voting trusts, proxies or other agreements or understandings with respect to the voting of the capital stock of the Globalnet Shareholder.
Restrictions on Voting. Other than the limitation of one (1) vote per Managed Unit, there are no restrictions or limitations on a Participating Owner’s right to vote at an AGM or a special meeting. Where, at the time of an AGM or a special meeting, a Participating Owner has not paid the Rental Manager all amounts due and owing in respect of their Managed Unit, that Participating Owner is ineligible to cast a vote at that meeting in respect of any resolution other than a Special Resolution or a Unanimous Resolution.
Restrictions on Voting. Sellers covenant not to vote their respective Shares in favor of any transaction or in any manner that would frustrate or impede the Closing.
Restrictions on Voting. As provided in the Shareholders Agreement, until the occurrence of an IPO, Option Shares will be voted by the Chief Executive Officer of the Company, pursuant to an irrevocable proxy, executed by the Optionee upon the exercise of this Option.
