Class G Shares definition

Class G Shares means the Class G Shares issued to the Class G Members having the rights, obligations and terms specified in this Agreement.

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Class G Shares means Shares designated as “G” Participating Preference ordinary shares, the rights of which are set out in Annexure “A”, and the holders of which shall have their details reflected in the Securities Register;

Class G Shares means ordinary shares in the Fund issued as Class G

Examples of Class G Shares in a sentence

The number of Directors may be increased or decreased from time to time by Class G Members holding a majority of the outstanding Class G Shares.
Except as otherwise required by law and subject to the rights of the holders of any Class of Shares, special meetings of the Members or any Class thereof for any purpose or purposes may be called at any time only by or at the direction of (i) the Board of Directors or (ii) Class G Members holding a majority of the outstanding Class G Shares.
Class G Members holding a majority of the outstanding Class G Shares have additional authority over the number of Directors on the Board of Directors, as provided in Section 7.3(b).
An officer of the Company may be removed from office with or without cause at any time by either (i) the Board of Directors or (ii) Class G Members holding a majority of the outstanding Class G Shares.
Any and all vacancies on the Board of Directors may be filled by Class G Members holding a majority of the outstanding Class G Shares.
A special meeting shall be held at a time and place determined by (i) the Board of Directors in its sole discretion if the Board of Directors has called such special meeting, or (ii) by the Class G Members holding a majority of the outstanding Class G Shares in their sole discretion if the Class G Members have called such special meeting, on a date not less than 10 days nor more than 60 days after notice of the meeting is given.
Subject to Sections 7.2(a), 7.3 and 17.2 of this Agreement, this Agreement may be amended, at any time and from time to time, by the Board of Directors with the consent of Class G Members holding a majority of the outstanding Class G Shares.
All of the issued and outstanding Class G Shares have been duly authorized, are fully paid and nonassessable and were issued in compliance with all applicable federal and state securities laws.
Each of the Funds identified on Appendix 1 as having a Class G share 12b-1 Plan shall pay LFDI monthly a service fee at the annual rate of 0.25% of the net assets of its Class G Shares on the 20th of each month and a distribution fee at the annual rate of 0.10% of the average daily net assets of its Class G Shares outstanding less than five years from the date of purchase and 0.25% of the average daily net assets of its Class G Shares outstanding for five years or more.
Subject to Section 7.2(a), 7.3 and Section 17.2 of this Agreement, this Agreement may be amended, at any time and from time to time, by the Board of Directors with the consent of Class G Members holding a majority of the outstanding Class G Shares.

More Definitions of Class G Shares

Class G Shares or “G Shares” means the class “G” Shares of the Company which shall be (i) granted with the rights provided by the applicable Law for “ordinary” shares and those set out in Article 46.2(b)(2), and (ii) subject to the restrictions and obligations applicable to Class B Shares (or Class E Shares or Class F Shares, should Class G Shares derive from the conversion of Class E Shares or, as the case may be, Class G Shares) (including, without limitation, the restrictions on Transfer of Shares and the Drag-Along Right) under these By-laws, to the maximum extent applicable and mutatis mutandis, as well as the other restrictions provided under these By-laws for Class G Shares. In light of the above, it remains understood that, for the sake of clarity, with respect to any right, restriction and obligation which, for the purposes of these By-laws, are attached to Class G Shares, any applicable reference to B Shareholders (or to Class E Shareholders or Class F Shareholders, as the case may be) shall be read as a reference to G Shareholders.

Class G Shares means Ordinary Shares issued as Class G Shares which