Special Voting Rights means special voting rights of the Fund, issued and certified hereunder for the time being outstanding and entitled to the benefits and subject to the limitations set forth in subsection 3.08(c);
Special Voting Rights. The holders of the New Convertible Preferred Stock will have the right to elect one member to the Company's Board of Directors so long as not less than 33% of the New Convertible Preferred Stock issued on the closing of the Transaction remains outstanding. Ranking Junior to all existing and future debt obligations; senior to all classes of common stock and each other class of capital stock or series of preferred stock of the Company.
Special Voting Rights means the different voting rights of the holders of Common Stock, on the one hand, and the holders of Class B Common Stock, on the other hand, with respect to the election of the applicable percentages of the authorized number of members of the Board of Directors as described in Section B.(5)(i) of this Article IV. At any time after _____ __, 2005(2), if approved by the Board of Directors, at any annual or special meeting of stockholders of the Corporation, the holders of at least 66 2/3% of the outstanding shares of the Common Stock and Class B Common Stock, voting together as a class, may vote to eliminate the Special Voting Rights (the "Elimination Vote"), in which case the Special Voting Rights provided for in Section B.(5)(i) of this Article IV shall have no further force or effect, and thereafter holders of the Corporation Common Stock shall have equal voting rights in all respects, except as otherwise provided by law, and shall be entitled to elect the total authorized number of members of the Board of Directors voting together as a single class, with each share of Corporation Common Stock having one vote. ---------- (2) The second anniversary of the spin-off.
Examples of Special Voting Rights in a sentence
The foregoing voting rights are hereinafter collectively referred to as the "Special Voting Rights." The Special Voting Rights shall be exercised only at annual meetings of the stockholders of the Corporation, and only if the holders of a majority of the outstanding shares of Preferred Stock entitled to such Special Voting Rights are present in person or by proxy.
Each Director elected by the holders of shares of Preferred Stock as a result of the Special Voting Rights set forth above shall serve only until the next annual meeting of stockholders, or until the date the Special Voting Rights shall have terminated as provided in this paragraph 6, whichever event first occurs.
In addition to Trust Units, there may be issued Special Voting Rights entitling the holders thereof to attend at meetings of Unitholders and to such number of votes at such meetings as may be prescribed by the board of directors of the Corporation in the resolution authorizing the issuance of any such Special Voting Rights.
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The aggregate number of Trust Units and Special Voting Rights which are authorized and may be issued hereunder is unlimited.
More Definitions of Special Voting Rights
Special Voting Rights means the different voting rights of the holders of Common Stock, on the one hand, and the holders of Class B Common Stock, on the other hand, with respect to the election of the applicable percentages of the authorized number of members of the Board of Directors as described in Section B.(5)(i) of this Article IV. At any time after _____ __, 2005(3), if approved by the Board of Directors, at any annual or special meeting of stockholders of the Corporation, the holders of at least 66 2/3% of the outstanding shares of the Common Stock and Class B Common Stock, voting together as a class, may vote to eliminate the Special Voting Rights (the "Elimination Vote"), in which case the Special Voting Rights provided for in Section B.(5)(i) of this Article IV shall have no further force or effect, and thereafter holders of the ---------- (3) The second anniversary of the spin-off. Corporation Common Stock shall have equal voting rights in all respects, except as otherwise provided by law, and shall be entitled to elect the total authorized number of members of the Board of Directors voting together as a single class, with each share of Corporation Common Stock having one vote.
Special Voting Rights means the special voting rights of the Trust, issued and certified under the Trust Indenture for the time being outstanding and entitled to the benefits and subject to the limitations set forth in the Trust Indenture;
Special Voting Rights has the meaning specified in Section 5.3.
Special Voting Rights as defined and described in the Charter and the Investors shall take all action within their respective power to effect the change in Board composition required by the Special Voting Rights provision of the Charter.
Special Voting Rights means the different voting rights of the holders of Class A Common Stock, holders of Class B Common Stock and holders of Voting Preferred Stock with respect to the election of the applicable percentage of the authorized number of members of the Board of Directors as described in this Section (b)(4)(A). "Voting Preferred Stock" means shares of each series of Preferred Stock upon which the right to vote for directors has been conferred in accordance with Section (c) of this Article IV, except for any right to elect directors which may be provided upon the failure of the Corporation to pay regular dividends on such Preferred Stock as and when due for a specified period of time.
Special Voting Rights means special voting rights of the Trust, issued and certified hereunder for the time being outstanding and entitled to the benefits and subject to the limitations set forth in Section hereof;
Special Voting Rights means special voting rights of the Trust, issued pursuant to the Trust Indenture and entitling the holders thereof to attend meetings of Unitholders and to such number of votes as prescribed by the directors at the time of issue;