Common use of Recognition of Trusts Clause in Contracts

Recognition of Trusts. 146. Subject to the proviso hereto, no Person shall be recognised by the Company as holding any Share upon any trust and the Company shall not, unless required by law, be bound by or be compelled in any way to recognise (even when having notice thereof) any equitable, contingent, future or partial interest in any Share or (except only as otherwise provided by these Articles or as the Companies Act requires) any other right in respect of any Share except an absolute right to the entirety thereof in each Shareholder registered in the Register; provided that, notwithstanding the foregoing, the Company shall be entitled to recognise any such interests as shall be determined by the Directors.

Appears in 1 contract

Sources: Business Combination Agreement (Fat Projects Acquisition Corp)

Recognition of Trusts. 146161. Subject to the proviso hereto, no Person shall be recognised by the Company as holding any Share upon any trust and the Company shall not, unless required by law, be bound by or be compelled in any way to recognise (even when having notice thereof) any equitable, contingent, future or partial interest in any Share or (except only as otherwise provided by these Articles or as the Companies Act requires) any other right in respect of any Share except an absolute right to the entirety thereof in each Shareholder registered in the Register; , provided that, notwithstanding the foregoing, the Company shall be entitled to recognise any such interests as shall be determined by the Directors.

Appears in 1 contract

Sources: Forward Purchase Agreement (LDH Growth Corp I)

Recognition of Trusts. 146. Subject to the proviso hereto, no Person shall be recognised by the Company as holding any Share upon any trust and the Company shall not, unless required by law, be bound by or be compelled in any way to recognise (even when having notice thereof) any equitable, contingent, future or partial interest in any Share or (except only as otherwise provided by these Articles or as the Companies Act Law requires) any other right in respect of any Share except an absolute right to the entirety thereof in each Shareholder registered in the Register; , provided that, notwithstanding the foregoing, the Company shall be entitled to recognise any such interests as shall be determined are required by the Directorsterms of the Governance Agreement.

Appears in 1 contract

Sources: Commitment Letter (Central European Distribution Corp)

Recognition of Trusts. 146. Subject to the proviso hereto, no Person shall be recognised by the Company as holding any Share upon any trust and the Company shall not, unless required by law, be bound by or be compelled in any way to recognise (even when having notice thereof) any equitable, contingent, future or partial interest in any Share or (except only as otherwise provided by these Articles or as the Companies Act requires) any other right in respect of any Share except an absolute right to the entirety thereof in each Shareholder registered in the Register; provided thatprovided, that notwithstanding the foregoing, the Company shall be entitled to recognise any such interests as shall be determined by the Board of Directors.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Cartica Acquisition Corp)