Common use of VARIATION OF RIGHTS Clause in Contracts

VARIATION OF RIGHTS. Unless otherwise provided by the terms of issue of a class of shares and subject to the Corporations Act, the rights attached to the shares in any class may be varied or cancelled only with the written consent of the holders of at least three-quarters of the issued shares of the affected class, or by special resolution passed at a separate meeting of the holders of the issued shares of the affected class.

Appears in 5 contracts

Samples: Cleansing Notice Convertible Securities Agreement, Convertible Securities Agreement, Cleansing Notice Convertible Securities Agreement

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