VOTING RIGHTS — DEBENTURES Clause Samples
The 'Voting Rights — Debentures' clause defines the circumstances under which holders of debentures are entitled to vote on company matters. Typically, debenture holders do not have voting rights at shareholder meetings unless specific events occur, such as a default in payment of interest or principal, or proposed changes that directly affect their rights. This clause ensures that debenture holders have a say in decisions that could impact their investment, thereby protecting their interests and providing a mechanism for them to influence company actions in situations where their rights may be at risk.
VOTING RIGHTS — DEBENTURES. The Purchase Contract Agent may exercise, or refrain from exercising, any and all voting and other consensual rights pertaining to the Debentures underlying the Pledged Applicable Ownership Interests in Debentures or any part thereof for any purpose not inconsistent with the terms of this Agreement and in accordance with the terms of the Purchase Contract Agreement; provided, that the Purchase Contract Agent shall not exercise or, as the case may be, shall not refrain from exercising such right if, in the judgment of the Company evidenced in writing and delivered to the Purchase Contract Agent, such action would impair or otherwise have a material adverse effect on the value of all or any of the Pledged Applicable Ownership Interests in Debentures; and provided, further, that the Purchase Contract Agent shall give the Company and the Collateral Agent at least five days’ prior written notice of the manner in which it intends to exercise, or its reasons for refraining from exercising, any such right. Upon receipt of any notices and other communications in respect of any Pledged Applicable Ownership Interests in Debentures, including notice of any meeting at which holders of Debentures are entitled to vote or solicitation of consents, waivers or proxies of holders of Debentures, the Collateral Agent shall use reasonable efforts to send promptly to the Purchase Contract Agent such notice or communication, and as soon as reasonably practicable after receipt of a written request therefor from the Purchase Contract Agent, execute and deliver to the Purchase Contract Agent such proxies and other instruments in respect of such Pledged Applicable Ownership Interests in Debentures (in form and substance satisfactory to the Collateral Agent) as are prepared by the Purchase Contract Agent with respect to the Pledged Applicable Ownership Interests in Debentures.
VOTING RIGHTS — DEBENTURES. 17 ARTICLE VI Rights and Remedies; Tax Event Redemption.............................................
VOTING RIGHTS — DEBENTURES