Examples of Special Preferred Voting Shares in a sentence
For information relating to the effects of the Transaction on our Special Preferred Voting Shares and the Special Common Units issued by our subsidiary, Centerline Capital Company LLC, see “Centerline Information — Company Securities” beginning on page 27.
Notwithstanding Section 6(a) hereof, a Special Preferred Voting Shareholder may Transfer all or any portion of its Special Preferred Voting Shares (i) to an Affiliate (as defined herein) of the Special Preferred Voting Shareholder or (ii) with respect to pledges permitted pursuant to each Special Preferred Voting Shareholder's respective Lock-Up Agreement (as defined herein), if any.
The Trust shall not, without the affirmative vote or consent of the holders of a majority of the outstanding Special Preferred Voting Shares, amend, alter or repeal the terms of the Special Preferred Voting Shares or any provisions of the Trust Agreement that would adversely affect the powers, preferences, privileges or rights of the Special Preferred Voting Shares.
Consent by the Independent Trustees to the Transfer of Special Preferred Voting Shares by a Special Preferred Voting Shareholder pursuant to this Section 6(c) shall also be deemed to be consent under the Amended and Restated Operating Agreement to the concurrent transfer to the same Person of the same number of Special Common Units.
Upon the later of the giving of notice by the Trust pursuant to this Section 3 and the date of the exchange of such CCC Units pursuant to the Exchange Rights Agreement, the Special Preferred Voting Shares to be redeemed shall be deemed not to be outstanding and all voting rights under Section 5 hereof with respect to such Special Preferred Voting Shares shall cease.
The Special Preferred Voting Shares shall not have any Percentage Interest (as defined in the Trust Agreement) and shall not be entitled to any allocation of income, gain or loss, except in connection with transactions of the type from which a Special Preferred Voting Shareholder is entitled to distributions in accordance with Section 2.
Notwithstanding any other provision of the Trust Agreement or the Second Amended and Restated Bylaws of the Trust, as amended from time to time (the "Trust Bylaws") to the contrary, a certificate representing Special Preferred Voting Shares shall be validly issued upon the manual signature of any one or more Managing Trustee.
Notwithstanding any other provision of the Trust Agreement or the Second Amended and Restated Bylaws of the Trust, as amended from time to time (the "TRUST BYLAWS") to the contrary, a certificate representing Special Preferred Voting Shares shall be validly issued upon the manual signature of any one or more Managing Trustee.
So long as the holders of the Special Preferred Voting Shares continue to own in the aggregate 7.5% or more of the outstanding voting securities of the Trust, (i) the number of non-Independent trustees on the Board of Trustees of the Trust shall be at least six (6) (such that consistent with the requirements of Section 3 of the Trust Agreement, which requires that at least a majority of the Managing Trustees by at least (x) one trustee while Xx. Xxxxxx X.
A Special Preferred Voting Shareholder may not, without the prior written consent of a majority of the Independent Trustees (which may be granted or withheld in their sole discretion), Transfer (as defined herein) all or any portion of its Special Preferred Voting Shares, except in accordance with the terms and conditions of this Section 6.