Nominations by Recognized Transferees Clause Samples

Nominations by Recognized Transferees. In the event of the death or Mental Disability of a Stockholder, the Recognized Transferee(s) of such Stockholder shall make the nomination(s) which would otherwise have been made by such Stockholder. If such Recognized Transferees cannot agree on the person(s) to be nominated, then the nominee(s) shall be the person(s) elected by the majority vote of the Recognized Transferees at a meeting convened upon ten (10) days written notice by any Recognized Transferee. All Recognized Transferees shall vote for the person(s) so nominated. In any such election by Recognized Transferees for purposes of nominating person (s) to be director, each Recognized Transferee shall have one vote in respect of each of his shares of Voting Stock and shall be entitled to cast his votes for or against each candidate in such election to determine nominees. The persons so nominated by the Recognized Transferees shall be treated as the Nominee(s) of the deceased or disabled Stockholder for purposes of this Section 19.1.1.
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Related to Nominations by Recognized Transferees

  • Electronic Fund Transfers Initiated By Third Parties You may authorize a third party to initiate electronic fund transfers between Your account and the third party’s account. These transfers, to make or receive payment, may be one-time occurrences or may recur as directed by You. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, Your authorization to convert a check or draft to an electronic fund transfer or to electronically pay a returned check or draft charge can occur when a merchant provides You with notice and You go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require You to provide the third party with Your account number and Credit Union information. This information can be found on Your check or draft as well as on a deposit or withdrawal slip. Thus, You should only provide Your Credit Union and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom You have authorized to initiate these electronic funds transfers. Preauthorize Credits - You may make arrangements for certain direct deposits to be accepted into Your share draft or share savings account(s). Preauthorized Payments - You may make arrangements to pay certain recurring bills from Your share draft or share savings account(s). Electronic Check or Draft Conversion - You may authorize a merchant or other payee to make a one-time electronic payment from Your checking or share draft account using information from Your check or draft to pay for purchases or pay bills. Electronic Returned Check or Draft Charge - You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check or draft is returned for insufficient funds.

  • Communications by Holders with Other Holders Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the Notes. The Issuer, the Guarantors, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c).

  • Permitted Transferees The rights of a Holder hereunder may be assigned (but only with all related obligations as set forth below) in connection with a Transfer of Registrable Securities to a Permitted Transferee of that Holder. Without prejudice to any other or similar conditions imposed hereunder with respect to any such Transfer, no assignment permitted under the terms of this Section 4.4 will be effective unless the Permitted Transferee to which the assignment is being made, if not a Holder, has delivered to the Company a written acknowledgment and agreement in form and substance reasonably satisfactory to the Company that the Permitted Transferee will be bound by, and will be a party to, this Agreement. A Permitted Transferee to whom rights are transferred pursuant to this Section 4.4 may not again transfer those rights to any other Permitted Transferee, other than as provided in this Section 4.4.

  • Decisions by Members Whenever in this Agreement reference is made to the decision, consent, approval, judgment, or action of the Members, unless otherwise expressly provided in this Agreement, such decision, consent, approval, judgment, or action shall mean a Majority of the Members.

  • Transfers to Permitted Transferees Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive shall deliver to Investors a written agreement of the proposed transferee (a) evidencing such Person's undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.