Common use of VOTING RIGHTS OF SHAREHOLDERS Clause in Contracts

VOTING RIGHTS OF SHAREHOLDERS. Shareholders of a Maryland corporation such as IMMFI are entitled to vote on, among other things, those matters which effect fundamental changes in the corporate structure (such as a merger, consolidation or sale of substantially all of the assets of the corporation) as provided by Maryland law. The ATST Declaration grants shareholders power to vote only with respect to the following: (i) election of trustees, provided that a meeting of shareholders has been called for that purpose; (ii) removal of trustees, provided that a meeting of shareholders has been called for that purpose; (iii) termination of ATST or a series or class of its shares of beneficial interest, provided that a meeting of shareholders has been called for that purpose; (iv) sale of all or substantially all of the assets of ATST or one of its investment portfolios; (v) merger or consolidation of ATST or any of its investment portfolios, with certain exceptions; (vi) approval of any amendments to shareholders' voting rights under the ATST Declaration; and (vii) approval of such additional matters as may be required by law or as the trustees, in their sole discretion, shall determine.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Aim Treasurers Series Funds), Agreement and Plan of Reorganization (Aim Counselor Series Trust)

AutoNDA by SimpleDocs

VOTING RIGHTS OF SHAREHOLDERS. Shareholders of a Maryland corporation such as IMMFI IIFI are entitled to vote on, among other things, those matters which effect fundamental changes in the corporate structure (such as a merger, consolidation or sale of substantially all of the assets of the corporation) as provided by Maryland law. The ATST AIMF Declaration grants shareholders power to vote only with respect to the following: (i) election of trustees, provided that a meeting of shareholders has been called for that purpose; (ii) removal of trustees, provided that a meeting of shareholders has been called for that purpose; (iii) termination of ATST AIMF or a series or class of its shares of beneficial interest, provided that a meeting of shareholders has been called for that purpose; (iv) sale of all or substantially all of the assets of ATST AIMF or one of its investment portfolios; (v) merger or consolidation of ATST AIMF or any of its investment portfolios, with certain exceptions; (vi) approval of any amendments to shareholders' voting rights under the ATST AIMF Declaration; and (vii) approval of such additional matters as may be required by law or as the trustees, in their sole discretion, shall determine.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Aim Treasurers Series Funds), Agreement and Plan of Reorganization (Aim Counselor Series Trust)

AutoNDA by SimpleDocs

VOTING RIGHTS OF SHAREHOLDERS. Shareholders of a Maryland corporation such as IMMFI IMSFI are entitled to vote on, among other things, those matters which effect fundamental changes in the corporate structure (such as a merger, consolidation or sale of substantially all of the assets of the corporation) as provided by Maryland law. The ATST ACST Declaration grants shareholders power to vote only with respect to the following: (i) election of trustees, provided that a meeting of shareholders has been called for that purpose; (ii) removal of trustees, provided that a meeting of shareholders has been called for that purpose; (iii) termination of ATST ACST or a series or class of its shares of beneficial interest, provided that a meeting of shareholders has been called for that purpose; (iv) sale of all or substantially all of the assets of ATST ACST or one of its investment portfolios; (v) merger or consolidation of ATST ACST or any of its investment portfolios, with certain exceptions; (vi) approval of any amendments to shareholders' voting rights under the ATST ACST Declaration; and (vii) approval of such additional matters as may be required by law or as the trustees, in their sole discretion, shall determine.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Aim Treasurers Series Funds), Agreement and Plan of Reorganization (Aim Counselor Series Trust)

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