Limitation of Rights of Securityholders Sample Clauses
The Limitation of Rights of Securityholders clause defines the specific rights and restrictions applicable to individuals or entities holding securities in a company. Typically, this clause clarifies that securityholders do not possess certain powers, such as management authority or voting rights on particular corporate matters, unless explicitly granted by the terms of the security. For example, holders of debt securities may not have the right to attend shareholder meetings or influence company decisions. The core function of this clause is to set clear boundaries on the rights of securityholders, thereby preventing misunderstandings and ensuring that only designated parties can exercise control or influence over the company’s operations.
Limitation of Rights of Securityholders. The death or incapacity of any person having an interest, beneficial or otherwise, in Trust Securities shall not operate to terminate this Trust Agreement, nor entitle the legal representatives or heirs of such person or any Securityholder for such person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.
Limitation of Rights of Securityholders. The death or incapacity of any Person having an interest, beneficial or otherwise, in a Trust Security shall not operate to terminate this Trust Agreement, nor entitle the legal representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in and for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.
Limitation of Rights of Securityholders. The death, incapacity, bankruptcy, dissolution or termination of any Person having an interest, beneficial or otherwise, in a Trust Security shall not operate to terminate this Trust Agreement, nor dissolve, terminate or annul the Trust, nor entitle the legal representatives or heirs of such Person or any Securityholder for such Person, to claim an accounting, take any action or bring any proceeding in any court for a partition or winding up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.
Limitation of Rights of Securityholders. Other than as set forth in Section 9.1, the death, incapacity, dissolution, bankruptcy or termination of any Person having an interest, beneficial or otherwise, in Trust Securities shall not operate to dissolve the Trust or terminate this Trust Agreement, nor entitle the legal representatives or heirs of such Person or any Securityholder for such Person to claim an accounting, take any action or bring any proceeding in any court for a partition or winding-up of the arrangements contemplated hereby, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.
Limitation of Rights of Securityholders. Section 10.03 Amendment...................................................................... Section 10.04 Separability...................................................................
Limitation of Rights of Securityholders. 47 Section 10.02 Amendment...................................................47 Section 10.03 Separability................................................48 Section 10.04 Governing Law...............................................48 Section 10.05 Payments Due on Non-Business Day............................49 Section 10.06 Successors..................................................49 Section 10.07 Headings....................................................49 Section 10.08 Reports, Notices and Demands................................49 Section 10.09 Agreement Not to Petition...................................50 Section 10.10 Trust Indenture Act; Conflict with Trust Indenture Act...
Limitation of Rights of Securityholders. 49 Section 10.2. Amendment............................................ 49 Section 10.3. Separability......................................... 50 Section 10.4. Governing Law........................................ 51 Section 10.5. Payments Due on Non-Business Day..................... 51 Section 10.6. Successors........................................... 51 Section 10.7. Headings............................................. 51 Section 10.8. Reports, Notices and Demands......................... 51 Section 10.9. Agreement Not to Petition............................ 52 Section 10.10. Trust Indenture Act; Conflict with Trust Indenture Act.................................................. 52 Section 10.11. Acceptance of Terms of Trust Agreement, Guarantee and Indenture........................................ 53 EXHIBIT A Certificate of Trust EXHIBIT B Certificate Depository Agreement EXHIBIT C Common Securities Certificates EXHIBIT D Expense Agreement EXHIBIT E Preferred Securities Certificate AMENDED AND RESTATED TRUST AGREEMENT, dated as of December __, 1996, among (i) Mellon Bank Corporation, a Pennsylvania corporation (including any successors or assigns, the "Depositor"), (ii) The Chase Manhattan Bank, a banking corporation organized under the laws of the State of New York, as property trustee (in each such capacity, the "Property Trustee" and, in its separate corporate capacity and not in its capacity as Property Trustee, the "Bank"), (iii) Chase Manhattan Bank Delaware, a banking corporation organized under the laws of the State of Delaware, as Delaware trustee (the "Delaware Trustee"), (iv) ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual, and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, an individual, each of whose address is c/o Mellon Bank Corporation, One Mellon Bank Center, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (each an "Administrative Trustee" and collectively the "Administrative Trustees") (the Property Trustee, the Delaware Trustee and the Administrative Trustees referred to collectively as the "Trustees") and (v) the several Holders, as hereinafter defined.
Limitation of Rights of Securityholders. 47 Section 10.03. Amendment . . . . . . . . . . . . . . . 48 Section 10.04. Separability . . . . . . . . . . . . . . 49 Section 10.05. Governing Law . . . . . . . . . . . . . 49 Section 10.06. Successors . . . . . . . . . . . . . . . 49 Section 10.07. Headings . . . . . . . . . . . . . . . . 49 Section 10.08.
Limitation of Rights of Securityholders. 47 Section 10.2. AMENDMENT.................................................47 Section 10.3. COUNTERPARTS..............................................49 Section 10.4. SEPARABILITY..............................................49 Section 10.5. GOVERNING LAW.............................................49 Section 10.6. PAYMENTS DUE ON NON-BUSINESS DAY..........................49 Section 10.7. SUCCESSORS................................................49 Section 10.8. HEADINGS..................................................49 Section 10.9.
Limitation of Rights of Securityholders. 46 10.02 AMENDMENT..........................................................46 10.03 SEPARABILITY.......................................................47