Examples of Issued Preferred Shares in a sentence
Notwithstanding anything to the contrary herein, the Company shall not make or pay any distributions of cash or other assets with respect to the Issued Preferred Shares except for distributions expressly provided for by, and in accordance with, the applicable Issued Preferred Shares Designation.
Thus, while the ministries operate well within their traditional silos, the lack of systemic perspective or system-level prioritisation reduces successive strategic choices to a series of ad hoc decisions taken in different parts of the overall governance system, rather than serving as building blocks of a holistic national STI policy.Ministries do increasingly co-operate to a certain extent in the design and implementation of national strategies, such as the R&I strategy and the Hydrogen Strategy.
The number of Directors which shall constitute the whole Board of Directors shall be determined from time to time by resolution adopted by a majority of the Board of Directors then in office, but shall be not fewer than three and, except as may be the result of an Issued Preferred Shares Nonpayment Board Expansion, no more than nine.
Except as otherwise provided by the applicable Issued Preferred Shares Designation with respect to the Issued Preferred Shares Nonpayment Directors, Directors shall be elected by a plurality of the votes of Outstanding Voting Shares present in person or represented by proxy and entitled to vote on the election of Directors at any annual or special meeting of Members.
Notwithstanding anything to the contrary, the Issued Preferred Holders shall have the right to vote on, consent to or approve solely those matters set forth in Section 2.7 of the applicable Issued Preferred Shares Designation or as otherwise required by applicable law.
Notwithstanding anything to the contrary in this Agreement, the Issued Preferred Holders shall have the right to vote solely as provided by, and upon the terms and subject to the conditions set forth in, the applicable Issued Preferred Shares Designation.
Nothing contained in this Section 2.6 shall be construed as authorizing the Chief Executive Officer, the Chief Financial Officer, the Secretary or the Liquidator to amend, change or modify this Agreement except in accordance with Article IX and the Issued Preferred Shares Designations, as applicable, or as may be otherwise expressly provided for in this Agreement.
The Directors (other than any Issued Preferred Shares Nonpayment Directors) shall be divided into three classes, designated Class I, Class II and Class III.
Only persons who are nominated in accordance with the procedures set forth in Section 11.11(a) shall be eligible for election as Directors of the Company, except as otherwise provided in (a) the applicable Issued Preferred Shares Designation with respect to the Issued Preferred Shares Nonpayment Directors or (b) any other Share Designation with respect to the right of Members of any class of Shares to nominate and elect a specified number of Directors in certain circumstances.
The Company intends to treat the right to cumulative cash distributions described in Section 2.3(a) of each Issued Preferred Shares Designation (when declared or, if undeclared, upon a redemption of the applicable Issued Preferred Shares or a liquidation of the Company) as a “guaranteed payment” within the meaning of Section 707(c) of the Code.