Common use of Shareholders to give unequivocal statement of intention Clause in Contracts

Shareholders to give unequivocal statement of intention. 7.2.1 Following each notification referred to in Clause 7.1, each of the ‘X’ Shareholders and ‘Y’ Shareholders shall communicate its wishes to the Company in writing in accordance with Clause 7.2.3 no later than 5:00 p.m. Hong Kong time on the fourth business day prior to the date of the relevant meeting (or such later time and/or date as practicable after receipt of the notification or as the ‘X’ and ‘Y’ Shareholders may agree in any particular case). 7.2.2 In this regard, each of the ‘X’ Shareholders (as a Class) and ‘Y’ Shareholders (as a Class) must express one wish only. It is not permissible to express different wishes with respect to different Attributable AsiaSat Shares of such Shareholder and anything other than an unequivocal statement of intention with respect to all the Attributable AsiaSat Shares of the relevant Shareholder will be disregarded by the Company so that the relevant Shareholder will be treated as having failed to communicate its wishes for the purpose of Clause 7.3.2. 7.2.3 On any relevant occasion, the wish expressed by any Shareholder under Clause 7.2.1 shall be one (but not more) of the following: (a) to vote in favour of the relevant resolution; (b) to vote against the relevant resolution; (c) to abstain from voting; or (d) to grant a discretionary proxy to the chairman of the meeting.

Appears in 2 contracts

Samples: Shareholder Agreement (CITIC Group), Shareholder Agreement (AsiaCo Acquisition LTD)

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Shareholders to give unequivocal statement of intention. 7.2.1 6.2.1 Following each notification referred to in Clause 7.16.1, each of the ‘X’ Shareholders and ‘Y’ Shareholders shall communicate its wishes to the Company in writing in accordance with Clause 7.2.3 6.2.3 no later than 5:00 5.00 p.m. Hong Kong time on the fourth business day prior to the date of the relevant meeting (or such later time and/or date as practicable after receipt of the notification or as the ‘X’ and ‘Y’ Shareholders may agree in any particular case). 7.2.2 6.2.2 In this regard, each of the ‘X’ Shareholders (as a Class) and ‘Y’ Shareholders (as a Class) must express one wish only. It is not permissible to express different wishes with respect to different Attributable AsiaSat Shares of such Shareholder and anything other than an unequivocal statement of intention with respect to all the Attributable AsiaSat Shares of the relevant Shareholder will be disregarded by the Company so that the relevant Shareholder will be treated as having failed to communicate its wishes for the purpose of Clause 7.3.26.3.2. 7.2.3 6.2.3 On any relevant occasion, the wish expressed by any Shareholder under Clause 7.2.1 6.2.1 shall be one (but not more) of the following: (ai) to vote in favour of the relevant resolution; (bii) to vote against the relevant resolution; (ciii) to abstain from voting; or (div) to grant a discretionary proxy to the chairman of the meeting.

Appears in 2 contracts

Samples: Shareholder Agreement (General Electric Capital Corp), Shareholder Agreement (CITIC Group)

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