Term of Voting Trust Sample Clauses

Term of Voting Trust. For a period of ten (10) years following the date of this Agreement, all of the Shares owned by the Shareholder as of the date of this Agreement, together with such other Shares that the Shareholder may purchase or receive from any source whatsoever during the term of this Agreement, including but not limited to any Shares received as a consequence of any event described in Paragraph 3 below, shall be subject to the provisions of this Agreement (the "Voting Trust"). During said ten (10) year period, the Voting Trust shall be irrevocable, except as otherwise provided by this Agreement or by the failure to cure a default of the promissory note appended hereto as Exhibit A (the "Note") and executed in connection with a Stock Purchase Agreement dated of even date herewith and appended hereto as Exhibit B. Within two (2) years of the expiration of this Agreement, the parties may mutually agree to extend the term of the Agreement for an additional ten (10) year period.
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Term of Voting Trust. This Voting Trust will be effective as of the date hereof and will terminate on the Termination Date. As used herein, the term “Termination Date” shall mean the date upon which none of the Subject Securities are subject to the Escrow Agreement.
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Term of Voting Trust. This Voting Trust shall be effective as of the Effective Date and shall terminate on June 15, 2025 or the date that Xxxxxxx Xxxxxx ceases to be the chief executive officer of Coalhunter, whichever is earlier (the “Termination Date”).
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Term of Voting Trust. (a) The Voting Trust created by this Agreement shall commence upon the execution of this Agreement by the parties hereto and shall continue until terminated in accordance with paragraph 4.1(b) below. (b) This Agreement and the Voting Trust created hereby shall terminate upon the occurrence of any of the following events (each, a "Trust Termination Event"): (i) the Stockholders and the Trustee agree to terminate this Agreement and the Voting Trust created hereby; or (ii) there cease to be any Shares subject to this Agreement. (c) Upon the termination of this Agreement pursuant to paragraph 4.1(b) above, and the surrender by the Stockholders to the Trustee of the Voting Trust Certificates issued by the Trustee in respect of the Shares, the Trustee shall surrender the certificates representing the Shares to the Corporation properly endorsed for transfer to the Stockholders, shall take all other actions appropriate to effectuate the transfer of the Shares to the Stockholders and shall distribute all other property held in trust for the Stockholders.
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Term of Voting Trust. (a) The Voting Trust created by this Agreement shall commence upon execution of this Agreement by the parties hereto and shall continue until terminated in accordance with Section 3.1(b). (b) This Agreement and the Voting Trust created hereby shall terminate upon the earliest of (i) the Trustee’s receipt of written notice from the Company of the consummation of an initial public offering of the Company, (ii) the Trustee’s receipt of written notice from the Company immediately prior to the consummation of any consolidation, merger, combination, recapitalization, reorganization, reclassification or other event as a result of which the shares of New Class A Common Stock of the Company are exchanged for or converted into other stock or securities, cash and/or any other property, (iii) the Trustee’s receipt of written notice from the Company that the Warrants representing fifty-five percent or more of the total number of shares of the New Class A Common Stock underlying the Warrants (excluding any Warrants or any other warrants issued in connection with any management compensation, equity incentive or employee benefit plan approved by the Company’s Board of Directors) have been exercised in accordance with their terms, (iv) the Trustee’s receipt of written notice from the Company of any other conversion or exchange of the New Class B Common Stock into other stock or securities, cash and/or any property, and (v) the consummation of the liquidation, dissolution or winding up of the Company. (c) Upon the termination of this Agreement and the Voting Trust created hereby pursuant to Section 3.1(b), the Trustee shall (x) in the case of Section 3.1(b)(i), (ii) or (iii), if directed in writing by the Company’s Board of Directors, transfer the Shares to the VEBA or transfer the Shares to a third party for fair market value as determined by the Trustee in its sole and absolute discretion; provided, however, that, in the case of Section 3.1(b)(iii), the Trustee shall only be required to use its commercially reasonable efforts to transfer the Shares if directed to transfer the Shares to a third party; and (y) distribute any remaining property held in trust to the VEBA. (d) Upon the transfer of any Share pursuant to Section 3.1(c), such Share shall automatically convert into one fully paid and non-assessable share of New Class A Common Stock.
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Term of Voting Trust. Unless terminated earlier pursuant to Section 12.1 below, the Voting Trust created by this Agreement shall be effective and remain in force for a period of fifteen (15) years from the date of this Agreement (the “Term”).
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Term of Voting Trust. This agreement and the Voting Trust will be effective as of the date hereof, and will terminate on the Termination Date. .
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Term of Voting Trust. This Voting Trust will be effective as of the Effective Date and will terminate on the Termination Date. As used herein, the term “Termination Date” shall mean the third anniversary of the Effective Date.
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Term of Voting Trust 
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Related to Term of Voting Trust

  • Voting Trust The voting trust hereby created shall commence on the date hereof and continue through and including December 31, 2005. Throughout such period the Trustee shall have the exclusive right to vote upon such shares or to give written consents in lieu of voting thereon, subject to any limitation on the right to vote contained in the Articles of Incorporation or other certificate filed pursuant to law, in person or by proxy at all meetings of the shareholders of the Corporation, and in all proceedings wherein the vote or written consent of shareholders may be required or authorized by law.

  • No Voting Trusts Shareholder agrees that Shareholder will not, nor will Shareholder permit any entity under Shareholder's control to, deposit any Shares in a voting trust or subject the Shares to any agreement, arrangement or understanding with respect to the voting of the Shares inconsistent with this Agreement.

  • Voting Trusts, etc To join with other holders of any securities or debt instruments in acting through a committee, depository, voting trustee or otherwise, and in that connection to deposit any security or debt instrument with, or transfer any security or debt instrument to, any such committee, depository or trustee, and to delegate to them such power and authority with relation to any security or debt instrument (whether or not so deposited or transferred) as the Trustees shall deem proper, and to agree to pay, and to pay, such portion of the expenses and compensation of such committee, depository or trustee as the Trustees shall deem proper;

  • Manner of Voting The voting of Shares pursuant to this Agreement may be effected in person, by proxy, by written consent or in any other manner permitted by applicable law. For the avoidance of doubt, voting of the Shares pursuant to the Agreement need not make explicit reference to the terms of this Agreement.

  • Termination of Voting Rights All of the rights of a Beneficiary with respect to the Beneficiary Votes exercisable in respect of the Exchangeable Shares held by such Beneficiary, including the right to instruct Trustee as to the voting of or to vote personally such Beneficiary Votes, shall be deemed to be surrendered by the Beneficiary to Parent, and such Beneficiary Votes and the Voting Rights represented thereby shall cease immediately upon the delivery by such holder to Trustee of the certificates representing such Exchangeable Shares in connection with the exercise by the Beneficiary of the Exchange Right or the occurrence of the automatic exchange of Exchangeable Shares for Parent Common Shares, as specified in Article 5 (unless, in either case, Parent shall not have delivered the requisite Parent Common Shares issuable in exchange for the Exchangeable Shares to Trustee for delivery to the Beneficiaries), or upon the redemption of Exchangeable Shares pursuant to Article 6 or 7 of the Exchangeable Share Provisions, or upon the effective date of the liquidation, dissolution or winding-up of ExchangeCo pursuant to Article 5 of the Exchangeable Share Provisions, or upon the purchase of Exchangeable Shares from the holder thereof by ExchangeCo pursuant to the exercise by ExchangeCo of the Retraction Call Right, the Redemption Call Right or the Liquidation Call Right.

  • Quorum; Voting A majority of the members of any Committee of the Trustees shall constitute a quorum for the transaction of business, and any action of such a Committee may be taken at a meeting by a vote of a majority of the members present (a quorum being present).

  • Proxies and Voting (a) On any matter that is to be voted on by Members, the Members may vote in person or by proxy, and such vote may be made, or proxy may be granted in writing, by means of electronic transmission or as otherwise permitted by applicable law. Any such proxy shall be delivered in accordance with the procedure established for the relevant meeting. (b) For purposes of this Agreement, the term “electronic transmission” means any form of communication not directly involving the physical transmission of paper that creates a record that may be retained, retrieved and reviewed by a recipient thereof and that may be directly reproduced in paper form by such a recipient through an automated process. Any copy, facsimile telecommunication or other reliable reproduction of the writing or transmission created pursuant to this paragraph may be substituted or used in lieu of the original writing or transmission for any and all purposes for which the original writing or transmission could be used, provided that such copy, facsimile telecommunication or other reproduction shall be a complete reproduction of the entire original writing or transmission. (c) The Board may, and to the extent required by law, shall, in advance of any meeting of Members, appoint one or more inspectors to act at the meeting and make a written report thereof. The Board may designate one or more alternate inspectors to replace any inspector who fails to act. If no inspector or alternate is able to act at a meeting of Members, the chairman of the meeting may, and to the extent required by law, shall, appoint one or more inspectors to act at the meeting. Each inspector, before entering upon the discharge of his or her duties, shall take and sign an oath faithfully to execute the duties of inspector with strict impartiality and according to the best of his or her ability. Every vote taken by ballots shall be counted by a duly appointed inspector or inspectors. (d) With respect to the use of proxies at any meeting of Members, the Company shall be governed by paragraphs (b), (c), (d) and (e) of Section 212 of the DGCL and other applicable provisions of the DGCL, as though the Company were a Delaware corporation and as though the Members were shareholders of a Delaware corporation. (e) In the event that the Company becomes subject to Regulation 14A under the Exchange Act, pursuant to and subject to the provisions of Rule 14a-16 under the Exchange Act, the Company may, but is not required to, utilize a Notice of Internet Availability of Proxy Materials, as described in such rule, in conjunction with proxy material posted to an Internet site, in order to furnish any proxy or related material to Members pursuant to Regulation 14A under the Exchange Act.

  • TIME OFF FOR VOTING If an employee does not have sufficient time to vote outside of working hours, the employee may request so much time off as will allow time to vote, in accordance with the State Election Code.

  • No Voting Rights Holder, as a Holder of this Warrant, will not have any voting rights until the exercise of this Warrant.

  • Appointment as Proxy Voting Agent Subject to and in accordance with the provisions hereof, the Trustees hereby appoint Subadviser as the Fund’s proxy voting agent, and hereby delegate to Subadviser discretionary authority to vote all proxies solicited by or with respect to issuers of securities in which the assets of the Fund may be invested from time to time. Subadviser may act as the Fund’s proxy voting agent directly or Subadviser may (in whole or in part) employ a third-party to vote proxies on behalf of the Fund, provided, however, that in either case, Subadviser shall be responsible for voting all proxies on behalf of the Fund. Upon sixty (60) days written notice to Subadviser, the Trustees may at any time withdraw the authority granted to Subadviser pursuant to this Section 1.3 to perform any or all of the proxy voting services contemplated hereby.

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