Common use of DISCRETIONARY MATTERS Clause in Contracts

DISCRETIONARY MATTERS. The Boards of P&O Princess and Carnival may by agreement (subject to Applicable Regulations): (A) decide to seek the approval of the shareholders (or any class of shareholders) of either or both of P&O Princess and Carnival for any matter that would not otherwise require such approval; (B) require any Joint Electorate Action to be approved instead as a Class Rights Action; or (C) specify a higher majority vote than the majority that would otherwise be required for any shareholder vote provided for in this Clause 7.

DISCRETIONARY MATTERS. The Boards of P&O Princess and Carnival may by agreement (subject to Applicable Regulations): (A) decide to seek the approval of the shareholders (or any class of shareholders) of either or both of P&O Princess and Carnival for any matter that would not otherwise require such approval; (B) require any Joint Electorate Action to be approved instead as a Class Rights Action; or (C) specify a higher majority vote than the majority that would otherwise be required for any shareholder vote provided for in this Clause 7Clauses 5 and 6.