DLC SVC definition

DLC SVC means the holder, from time to time, of the Carnival Special Voting Share.

DLC SVC means DLC SVC Limited, a company incorporated in England and Wales, or such other company as replaces DLC SVC Limited pursuant to the terms of the SVE Special Voting Deed;

DLC SVC means the holder, from time to time, of the Carnival Special Voting Share; “DLC SVC Owner” means the holder, from time to time, of the equity interests in DLC SVC;

Examples of DLC SVC in a sentence

• A proxy deposited by DLC SVC will be valid if it is received by or delivered to the chairman of the meeting before the close of the ballot to which it relates.

• Any resolution to be considered at a meeting of Shareholders in relation to which the DLC SVC is or may be entitled to vote shall be decided by ballot.

• Each of DLC SVC and the P&O Princess Trustee shall not, and will use its respective best endeavours to ensure that any person appointed in writing by it in accordance with clause 8.1 shall not divulge any information given to it pursuant to clauses 2, 3, 4.5 and 8.1 which is confidential or proprietary to the party which gave it the information, in each case, unless prior written approval is given by the party which gave the information or unless required by Applicable Regulations.

• For as long as DLC SVC is registered as the holder of the Carnival Special Voting Share, the board of directors of the DLC SVC shall comprise such persons as are appointed or approved by the DLC SVC Owner.

• Pending notification, DLC SVC shall have no obligation whatsoever in respect of the Carnival Special Voting Share or under this Deed except that DLC SVC must not Deal with the Carnival Special Voting Share or any interest in, or right attaching to, that share other than in accordance with such notification, which is to be given within 6 months after the date of termination of this Deed and must be given in writing in accordance with clause 17.5.

• P&O Princess also agrees to notify the P&O Princess Trustee in advance and in writing in accordance with clause 17.5 of the time and place at which an adjourned or postponed meeting will be held and whether any resolution to be proposed at such meeting is a Joint Electorate Action or a Class Rights Action and DLC SVC shall be entitled to rely on any such notice for the purpose of this Deed.

• Carnival also agrees to notify DLC SVC in advance and in writing in accordance with clause 17.5 of the time and place at which an adjourned or postponed meeting will be held and whether any resolution to be proposed at such meeting is a Joint Electorate Action or a Class Rights Action and DLC SVC shall be entitled to rely on any such notice for the purpose of this Deed.

• If given notice under clause 17.5 to do so by a duly authorised officer of P&O Princess and by a duly authorised officer of Carnival, DLC SVC shall, within two months after receipt of such notice transfer the Carnival Special Voting Share to such person as notified to in the aforementioned notice (the "Novated Person").

• DLC SVC and the P&O Princess Trustee shall not be liable for acting on any opinion, advice or information or for acting on, implementing and giving effect to any decision, determination or adjustment purporting to be conveyed by any such written communication reasonably appearing on its face to be authentic even though it contains an error or is not authentic.

• For the avoidance of doubt, and notwithstanding any other provision of this Deed, any replacement of DLC SVC shall not release or prejudice in any way any of DLC SVC's rights to be indemnified by P&O Princess which shall continue in full force and effect and continue to be enforceable by the DLC SVC notwithstanding such replacement.