Common use of VARIATION OF CLASS RIGHTS Clause in Contracts

VARIATION OF CLASS RIGHTS. Without prejudice to Bye-Law 8 (c) the rights, privileges, limitations or restrictions attached to the Sterling Preference Stock (or any class thereof) may be varied, altered or abrogated, either whilst the Bank is a going concern or during or in contemplation of a winding up, with the written consent of the holders of not less than 75% in nominal value of such class of stock or with the sanction of a resolution passed at a class meeting of holders of such classes of stock provided that the holders of not less than 75% in nominal value of such class of stock in attendance and voting vote in favour of such resolution.

VARIATION OF CLASS RIGHTS. Without prejudice to Bye-Law 8 (cd) the rights, privileges, limitations or restrictions attached to the Sterling euro Preference Stock (or any class thereof) may be varied, altered or abrogated, either whilst the Bank is a going concern or during or in contemplation of a winding up, with the written consent of the holders of not less than 75% in nominal value of such class of stock or with the sanction of a resolution passed at a class meeting of holders of such classes of stock provided that the holders of not less than 75% in nominal value of such class of stock in attendance and voting vote in favour of such resolution.

VARIATION OF CLASS RIGHTS. Without prejudice to Bye-Law 8 (cb) the rights, privileges, limitations or restrictions attached to the Sterling Dollar Preference Stock (or any class thereof) may be varied, altered or abrogated, either whilst the Bank is a going concern or during or in contemplation of a winding up, with the written consent of the holders of not less than 75662/3% in nominal value of such class of stock or with the sanction of a resolution passed at a class meeting of holders of such classes of stock provided that the holders of not less than 75662/3% in nominal value of such class of stock in attendance and voting vote in favour of such resolution.