Common use of Timely Notice Clause in Contracts

Timely Notice. In order for a nomination made by a Nominating Shareholder to be timely notice (a “Timely Notice”) and therefore properly brought, the Nominating Shareholder’s notice must be received by the corporate secretary of the Company at the principal executive offices or registered office of the Company: (a) in the case of an annual meeting of shareholders (including an annual and special meeting), not later than 5:00 p.m. (Eastern time) on a date that is not less than 90 days nor more than 120 days prior to the first anniversary of the preceding year’s annual meeting of shareholders (which date shall, for the purposes of the Company’s first annual meeting of shareholders after its Common Shares are first publicly traded, be deemed to have occurred on May 1 of the preceding calendar year); provided, however, that in the event that the date of the annual meeting is advanced more than 30 days prior to such anniversary date or delayed more than 90 days after such anniversary date then to be timely such notice must be received by the Company no earlier than 90 days prior to such annual meeting and no later than the later of 70 days prior to the date of the meeting or the 10th day following the day on which public announcement of the date of the meeting (each such date being the “Notice Date”); provided, further, that in no event shall any adjournment or postponement of any meeting, or the public announcement thereof, commence a new time period (or extend any time period) for the giving of the Nominating Shareholder’s notice as described above; and (b) in the case of a special meeting (which is not also an annual meeting) of shareholders called for any purpose which includes the election of directors to the board, not later than the close of business on the 15th day following the Notice Date. The number of nominees a Nominating Shareholder may nominate (or in the case of a shareholder giving the notice on behalf of a beneficial owner, the number of nominees a Nominating Shareholder may nominate on behalf of such beneficial owner) for election shall not exceed the number of directors to be elected at the annual meeting. Notwithstanding anything in the first sentence of the preceding paragraph to the contrary, in the event that the number of directors to be elected to the board is increased by the board and there is no notice or public disclosure by the Company naming all of the nominees for director or specifying the size of the increased board at least 70 days prior to the anniversary date of the immediately preceding annual meeting of shareholders, a shareholder’s notice required by this Article 10.11 shall also be considered timely, but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the corporate secretary at the principal executive offices of the Company not later than the 10th day following the day on which such notice or public disclosure of such increase was made by the Company. A Nominating Shareholder’s notice shall further be updated and supplemented, if necessary, so that the information provided or required to be provided in such notice shall be true and correct as of the record date for the meeting and as of the date that is 10 days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to the corporate secretary at the principal executive offices of the Company not later than five days after the record date for the meeting in the case of the update and supplement required to be made as of the record date, and not later than eight days prior to the date for the meeting or any adjournment or postponement thereof in the case of the update and supplement required to be made as of 10 days prior to the meeting or any adjournment or postponement thereof. For the avoidance of doubt, the obligation to update and supplement as set forth in this paragraph or any other Section of these Articles shall not limit the Company’s rights with respect to any deficiencies in any notice provided by a shareholder, extend any applicable deadlines under these Articles or enable or be deemed to permit a shareholder who has previously submitted a notice under these Articles to amend or update any proposal or to submit any new proposal, including by changing or adding nominees.

Appears in 2 contracts

Sources: Arrangement Agreement (Bausch Health Companies Inc.), Arrangement Agreement (Bausch & Lomb Corp)

Timely Notice. In order for To be timely, a nomination made by a Nominating Shareholder to be timely notice (a “Timely Notice”) and therefore properly brought, the Nominating ShareholderLimited Partner’s notice Nomination Notice must be delivered to or mailed and received by the corporate secretary Secretary of the Company Partnership at the principal executive offices or registered office of the Company: Partnership not earlier than the opening of business on the one hundred twentieth (a120th) in the case of an annual meeting of shareholders (including an annual day prior to, and special meeting), not later than 5:00 p.m. the close of business on the ninetieth (Eastern time90th) on a date that is not less than 90 days nor more than 120 days day prior to to, the first anniversary of the date on which the Partnership’s proxy statement for the immediately preceding year’s annual meeting of shareholders (which date shall, for the purposes of the Company’s first annual meeting of shareholders after its Common Shares are first publicly traded, be deemed to have occurred on May 1 of the preceding calendar year)Limited Partners was made available; provided, however, that that, with respect to the annual meeting of Limited Partners held in 2017, a Limited Partner’s Nomination Notice must be delivered to or mailed and received by the Secretary of the Partnership at the principal executive offices of the Partnership no later than September 22, 2017, and no earlier than August 23, 2017; provided, further, that, in the event that the date of the annual meeting is advanced called for a date that is more than 30 thirty (30) days prior to such anniversary date earlier or delayed more than 90 sixty (60) days after later than such first anniversary date then date, to be timely such notice the Nomination Notice must be so received by the Company no earlier than 90 days prior to such annual meeting and no later than on the later of 70 days the close of business on the one hundred twentieth (120th) day prior to the date of the such annual meeting of Limited Partners or the 10th tenth (10th) day following the day on which public announcement of the date of such annual meeting is first made by the meeting (each such date being the “Notice Date”); provided, further, that in Partnership. In no event shall any adjournment or postponement of any meeting, an annual meeting or the public announcement thereof, thereof commence a new time period (or extend any time period) for the giving of the Nominating Shareholder’s notice a Nomination Notice as described above; and (b) . For purposes of this Section 15.2, “public announcement” shall mean disclosure in a press release reported by the case of Dow ▇▇▇▇▇ News Services, Associated Press or comparable national news service, or in a special meeting (which is not also an annual meetingdocument publicly filed by the Partnership with the Commission pursuant to Section 13, 14 or 15(d) of shareholders called for any purpose which includes the election of directors to Exchange Act and the boardrules and regulations promulgated thereunder, not later than the close of business or posted on the 15th day following the Notice DatePartnership’s website. The number of nominees a Nominating Shareholder may nominate (or in the case of a shareholder giving the notice on behalf of a beneficial owner, the number of nominees a Nominating Shareholder may nominate on behalf of such beneficial owner) for election shall not exceed the number of directors to be elected at the annual meeting. Notwithstanding anything in the first sentence of the preceding paragraph to the contrary, in the event that the number of directors to be elected to the board is increased by the board and there is no notice or public disclosure by the Company naming all of the nominees for director or specifying the size of the increased board at least 70 days prior to the anniversary date of the immediately preceding annual meeting of shareholders, a shareholder’s notice required by this Article 10.11 shall also be considered timely, but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the corporate secretary at the principal executive offices of the Company not later than the 10th day following the day on which such notice or public disclosure of such increase was made by the Company. A Nominating Shareholder’s notice shall further be updated and supplemented, if necessary, so that the information provided or required to be provided in such notice shall be true and correct as of the record date for the meeting and as of the date that is 10 days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to the corporate secretary at the principal executive offices of the Company not later than five days after the record date for the meeting in the case of the update and supplement required to be made as of the record date, and not later than eight days prior to the date for the meeting or any adjournment or postponement thereof in the case of the update and supplement required to be made as of 10 days prior to the meeting or any adjournment or postponement thereof. For the avoidance of doubt, the obligation to update and supplement as set forth in this paragraph or any other Section of these Articles shall not limit the Company’s rights with respect to any deficiencies in any notice provided by a shareholder, extend any applicable deadlines under these Articles or enable or be deemed to permit a shareholder who has previously submitted a notice under these Articles to amend or update any proposal or to submit any new proposal, including by changing or adding nominees.102

Appears in 2 contracts

Sources: Limited Partnership Agreement (XPLR Infrastructure, LP), Membership Interest Purchase Agreement (NextEra Energy Partners, LP)

Timely Notice. In order for To be timely, a nomination made by a Nominating Shareholder to be timely notice (a “Timely Notice”) and therefore properly brought, the Nominating ShareholderLimited Partner’s notice Nomination Notice must be delivered to or mailed and received by the corporate secretary Secretary of the Company Partnership at the principal executive offices or registered office of the Company: Partnership not earlier than the opening of business on the one hundred twentieth (a120th) in the case of an annual meeting of shareholders (including an annual day prior to, and special meeting), not later than 5:00 p.m. the close of business on the ninetieth (Eastern time90th) on a date that is not less than 90 days nor more than 120 days day prior to to, the first anniversary of the date on which the Partnership’s proxy statement for the immediately preceding year’s annual meeting of shareholders (which date shall, for the purposes of the Company’s first annual meeting of shareholders after its Common Shares are first publicly traded, be deemed to have occurred on May 1 of the preceding calendar year)Limited Partners was made available; provided, however, that that, with respect to the annual meeting of Limited Partners held in 2017, a Limited Partner’s Nomination Notice must be delivered to or mailed and received by the Secretary of the Partnership at the principal executive offices of the Partnership no later than September 22, 2017, and no earlier than August 23, 2017; provided, further, that, in the event that the date of the annual meeting is advanced called for a date that is more than 30 thirty (30) days prior to such anniversary date earlier or delayed more than 90 sixty (60) days after later than such first anniversary date then date, to be timely such notice the Nomination Notice must be so received by the Company no earlier than 90 days prior to such annual meeting and no later than on the later of 70 days the close of business on the one hundred twentieth (120th) day prior to the date of the such annual meeting of Limited Partners or the 10th tenth (10th) day following the day on which public announcement of the date of such annual meeting is first made by the meeting (each such date being the “Notice Date”); provided, further, that in Partnership. In no event shall any adjournment or postponement of any meeting, an annual meeting or the public announcement thereof, thereof commence a new time period (or extend any time period) for the giving of the Nominating Shareholder’s notice a Nomination Notice as described above; and (b) . For purposes of this Section 15.2, “public announcement” shall mean disclosure in a press release reported by the case of Dow ▇▇▇▇▇ News Services, Associated Press or comparable national news service, or in a special meeting (which is not also an annual meetingdocument publicly filed by the Partnership with the Commission pursuant to Section 13, 14 or 15(d) of shareholders called for any purpose which includes the election of directors to Exchange Act and the boardrules and regulations promulgated thereunder, not later than the close of business or posted on the 15th day following the Notice DatePartnership’s website. The number of nominees a Nominating Shareholder may nominate (or in the case of a shareholder giving the notice on behalf of a beneficial owner, the number of nominees a Nominating Shareholder may nominate on behalf of such beneficial owner) for election shall not exceed the number of directors to be elected at the annual meeting. Notwithstanding anything in the first sentence of the preceding paragraph to the contrary, in the event that the number of directors to be elected to the board is increased by the board and there is no notice or public disclosure by the Company naming all of the nominees for director or specifying the size of the increased board at least 70 days prior to the anniversary date of the immediately preceding annual meeting of shareholders, a shareholder’s notice required by this Article 10.11 shall also be considered timely, but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the corporate secretary at the principal executive offices of the Company not later than the 10th day following the day on which such notice or public disclosure of such increase was made by the Company. A Nominating Shareholder’s notice shall further be updated and supplemented, if necessary, so that the information provided or required to be provided in such notice shall be true and correct as of the record date for the meeting and as of the date that is 10 days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to the corporate secretary at the principal executive offices of the Company not later than five days after the record date for the meeting in the case of the update and supplement required to be made as of the record date, and not later than eight days prior to the date for the meeting or any adjournment or postponement thereof in the case of the update and supplement required to be made as of 10 days prior to the meeting or any adjournment or postponement thereof. For the avoidance of doubt, the obligation to update and supplement as set forth in this paragraph or any other Section of these Articles shall not limit the Company’s rights with respect to any deficiencies in any notice provided by a shareholder, extend any applicable deadlines under these Articles or enable or be deemed to permit a shareholder who has previously submitted a notice under these Articles to amend or update any proposal or to submit any new proposal, including by changing or adding nominees.101

Appears in 2 contracts

Sources: Limited Partnership Agreement (NextEra Energy Partners, LP), Membership Interest Purchase Agreement (NextEra Energy Partners, LP)

Timely Notice. In order for To be timely, a nomination made by a Nominating Shareholder to be timely notice (a “Timely Notice”) and therefore properly brought, the Nominating ShareholderLimited Partner’s notice Nomination Notice must be delivered to or mailed and received by the corporate secretary Secretary of the Company Partnership at the principal executive offices or registered office of the Company: Partnership not earlier than the opening of business on the one hundred twentieth (a120th) in the case of an annual meeting of shareholders (including an annual day prior to, and special meeting), not later than 5:00 p.m. the close of business on the ninetieth (Eastern time90th) on a date that is not less than 90 days nor more than 120 days day prior to to, the first anniversary of the date on which the Partnership’s proxy statement for the immediately preceding year’s annual meeting of shareholders (which date shall, for the purposes of the Company’s first annual meeting of shareholders after its Common Shares are first publicly traded, be deemed to have occurred on May 1 of the preceding calendar year)Limited Partners was made available; provided, however, that that, with respect to the annual meeting of Limited Partners held in 2017, a Limited Partner’s Nomination Notice must be delivered to or mailed and received by the Secretary of the Partnership at the principal executive offices of the Partnership no later than September 22, 2017, and no earlier than August 23, 2017; provided, further, that, in the event that the date of the annual meeting is advanced called for a date that is more than 30 thirty (30) days prior to such anniversary date earlier or delayed more than 90 sixty (60) days after later than such first anniversary date then date, to be timely such notice the Nomination Notice must be so received by the Company no earlier than 90 days prior to such annual meeting and no later than on the later of 70 days the close of business on the one hundred twentieth (120th) day prior to the date of the such annual meeting of Limited Partners or the 10th tenth (10th) day following the day on which public announcement of the date of such annual meeting is first made by the meeting (each such date being the “Notice Date”); provided, further, that in Partnership. In no event shall any adjournment or postponement of any meeting, an annual meeting or the public announcement thereof, thereof commence a new time period (or extend any time period) for the giving of the Nominating Shareholder’s notice a Nomination Notice as described above; and (b) . For purposes of this Section 15.2, “public announcement” shall mean disclosure in a press release reported by the case of Dow ▇▇▇▇▇ News Services, Associated Press or comparable national news service, or in a special meeting (which is not also an annual meetingdocument publicly filed by the Partnership with the Commission pursuant to Section 13, 14 or 810649.05-WILSR01A - MSW 15(d) of shareholders called for any purpose which includes the election of directors to Exchange Act and the boardrules and regulations promulgated thereunder, not later than the close of business or posted on the 15th day following the Notice Date. The number of nominees a Nominating Shareholder may nominate (or in the case of a shareholder giving the notice on behalf of a beneficial owner, the number of nominees a Nominating Shareholder may nominate on behalf of such beneficial owner) for election shall not exceed the number of directors to be elected at the annual meeting. Notwithstanding anything in the first sentence of the preceding paragraph to the contrary, in the event that the number of directors to be elected to the board is increased by the board and there is no notice or public disclosure by the Company naming all of the nominees for director or specifying the size of the increased board at least 70 days prior to the anniversary date of the immediately preceding annual meeting of shareholders, a shareholderPartnership’s notice required by this Article 10.11 shall also be considered timely, but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the corporate secretary at the principal executive offices of the Company not later than the 10th day following the day on which such notice or public disclosure of such increase was made by the Company. A Nominating Shareholder’s notice shall further be updated and supplemented, if necessary, so that the information provided or required to be provided in such notice shall be true and correct as of the record date for the meeting and as of the date that is 10 days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to the corporate secretary at the principal executive offices of the Company not later than five days after the record date for the meeting in the case of the update and supplement required to be made as of the record date, and not later than eight days prior to the date for the meeting or any adjournment or postponement thereof in the case of the update and supplement required to be made as of 10 days prior to the meeting or any adjournment or postponement thereof. For the avoidance of doubt, the obligation to update and supplement as set forth in this paragraph or any other Section of these Articles shall not limit the Company’s rights with respect to any deficiencies in any notice provided by a shareholder, extend any applicable deadlines under these Articles or enable or be deemed to permit a shareholder who has previously submitted a notice under these Articles to amend or update any proposal or to submit any new proposal, including by changing or adding nomineeswebsite.

Appears in 1 contract

Sources: Limited Partnership Agreement (NextEra Energy Partners, LP)

Timely Notice. In order for To be timely, a nomination made by a Nominating Shareholder to be timely notice (a “Timely Notice”) and therefore properly brought, the Nominating ShareholderLimited Partner’s notice Nomination Notice must be delivered to or mailed and received by the corporate secretary Secretary of the Company Partnership at the principal executive offices or registered office of the Company: Partnership not earlier than the opening of business on the one hundred twentieth (a120th) in the case of an annual meeting of shareholders (including an annual day prior to, and special meeting), not later than 5:00 p.m. the close of business on the ninetieth (Eastern time90th) on a date that is not less than 90 days nor more than 120 days day prior to to, the first anniversary of the date on which the Partnership’s proxy statement for the immediately preceding year’s annual meeting of shareholders (which date shall, for the purposes of the Company’s first annual meeting of shareholders after its Common Shares are first publicly traded, be deemed to have occurred on May 1 of the preceding calendar year)Limited Partners was made available; provided, however, that that, with respect to the annual meeting of Limited Partners held in 2017, a Limited Partner’s Nomination Notice must be delivered to or mailed and received by the Secretary of the Partnership at the principal executive offices of the Partnership no later than September 22, 2017, and no earlier than August 23, 2017; provided, further, that, in the event that the date of the annual meeting is advanced called for a date that is more than 30 thirty (30) days prior to such anniversary date earlier or delayed more than 90 sixty (60) days after later than such first anniversary date then date, to be timely such notice the Nomination Notice must be so received by the Company no earlier than 90 days prior to such annual meeting and no later than on the later of 70 days the close of business on the one hundred twentieth (120th) day prior to the date of the such annual meeting of Limited Partners or the 10th tenth (10th) day following the day on which public announcement of the date of such annual meeting is first made by the meeting (each such date being the “Notice Date”); provided, further, that in Partnership. In no event shall any adjournment or postponement of any meeting, an annual meeting or the public announcement thereof, thereof commence a new time period (or extend any time period) for the giving of the Nominating Shareholder’s notice a Nomination Notice as described above; and (b) . For purposes of this Section 15.2, “public announcement” shall mean 102 857826.02-WILSR01A - MSW disclosure in a press release reported by the case of Dow ▇▇▇▇▇ News Services, Associated Press or comparable national news service, or in a special meeting (which is not also an annual meetingdocument publicly filed by the Partnership with the Commission pursuant to Section 13, 14 or 15(d) of shareholders called for any purpose which includes the election of directors to Exchange Act and the boardrules and regulations promulgated thereunder, not later than the close of business or posted on the 15th day following the Notice Date. The number of nominees a Nominating Shareholder may nominate (or in the case of a shareholder giving the notice on behalf of a beneficial owner, the number of nominees a Nominating Shareholder may nominate on behalf of such beneficial owner) for election shall not exceed the number of directors to be elected at the annual meeting. Notwithstanding anything in the first sentence of the preceding paragraph to the contrary, in the event that the number of directors to be elected to the board is increased by the board and there is no notice or public disclosure by the Company naming all of the nominees for director or specifying the size of the increased board at least 70 days prior to the anniversary date of the immediately preceding annual meeting of shareholders, a shareholderPartnership’s notice required by this Article 10.11 shall also be considered timely, but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the corporate secretary at the principal executive offices of the Company not later than the 10th day following the day on which such notice or public disclosure of such increase was made by the Company. A Nominating Shareholder’s notice shall further be updated and supplemented, if necessary, so that the information provided or required to be provided in such notice shall be true and correct as of the record date for the meeting and as of the date that is 10 days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to the corporate secretary at the principal executive offices of the Company not later than five days after the record date for the meeting in the case of the update and supplement required to be made as of the record date, and not later than eight days prior to the date for the meeting or any adjournment or postponement thereof in the case of the update and supplement required to be made as of 10 days prior to the meeting or any adjournment or postponement thereof. For the avoidance of doubt, the obligation to update and supplement as set forth in this paragraph or any other Section of these Articles shall not limit the Company’s rights with respect to any deficiencies in any notice provided by a shareholder, extend any applicable deadlines under these Articles or enable or be deemed to permit a shareholder who has previously submitted a notice under these Articles to amend or update any proposal or to submit any new proposal, including by changing or adding nomineeswebsite.

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (NextEra Energy Partners, LP)

Timely Notice. In order for To be timely, a nomination made by a Nominating Shareholder to be timely notice (a “Timely Notice”) and therefore properly brought, the Nominating ShareholderLimited Partner’s notice Nomination Notice must be delivered to or mailed and received by the corporate secretary Secretary of the Company Partnership at the principal executive offices or registered office of the Company: Partnership not earlier than the opening of business on the one hundred twentieth (a120th) in the case of an annual meeting of shareholders (including an annual day prior to, and special meeting), not later than 5:00 p.m. the close of business on the ninetieth (Eastern time90th) on a date that is not less than 90 days nor more than 120 days day prior to to, the first anniversary of the date on which the Partnership’s proxy statement for the immediately preceding year’s annual meeting of shareholders (which date shall, for the purposes of the Company’s first annual meeting of shareholders after its Common Shares are first publicly traded, be deemed to have occurred on May 1 of the preceding calendar year)Limited Partners was made available; provided, however, that that, with respect to the annual meeting of Limited Partners held in 2017, a Limited Partner’s Nomination Notice must be delivered to or mailed and received by the Secretary of the Partnership at the principal executive offices of the Partnership no later than September 22, 2017, and no earlier than August 23, 2017; provided, further, that, in the event that the date of the annual meeting is advanced called for a date that is more than 30 thirty (30) days prior to such anniversary date earlier or delayed more than 90 sixty (60) days after later than such first anniversary date then date, to be timely such notice the Nomination Notice must be so received by the Company no earlier than 90 days prior to such annual meeting and no later than on the later of 70 days the close of business on the one hundred twentieth (120th) day prior to the date of the such annual meeting of Limited Partners or the 10th tenth (10th) day following the day on which public announcement of the date of such annual meeting is first made by the meeting (each such date being the “Notice Date”); provided, further, that in Partnership. In no event shall any adjournment or postponement of any meeting, an annual meeting or the public announcement thereof, thereof commence a new time period (or extend any time period) for the giving of the Nominating Shareholder’s notice a Nomination Notice as described above; and (b) . For purposes of this Section 15.2, “public announcement” shall mean disclosure in a press release reported by the case of Dow ▇▇▇▇▇ News Services, Associated Press or comparable national news service, or in a special meeting (which is not also an annual meetingdocument publicly filed by the Partnership with the Commission pursuant to Section 13, 14 or 15(d) of shareholders called for any purpose which includes the election of directors to Exchange Act and the boardrules and regulations promulgated thereunder, not later than the close of business or posted on the 15th day following the Notice Date. The number of nominees a Nominating Shareholder may nominate (or in the case of a shareholder giving the notice on behalf of a beneficial owner, the number of nominees a Nominating Shareholder may nominate on behalf of such beneficial owner) for election shall not exceed the number of directors to be elected at the annual meeting. Notwithstanding anything in the first sentence of the preceding paragraph to the contrary, in the event that the number of directors to be elected to the board is increased by the board and there is no notice or public disclosure by the Company naming all of the nominees for director or specifying the size of the increased board at least 70 days prior to the anniversary date of the immediately preceding annual meeting of shareholders, a shareholderPartnership’s notice required by this Article 10.11 shall also be considered timely, but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the corporate secretary at the principal executive offices of the Company not later than the 10th day following the day on which such notice or public disclosure of such increase was made by the Company. A Nominating Shareholder’s notice shall further be updated and supplemented, if necessary, so that the information provided or required to be provided in such notice shall be true and correct as of the record date for the meeting and as of the date that is 10 days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to the corporate secretary at the principal executive offices of the Company not later than five days after the record date for the meeting in the case of the update and supplement required to be made as of the record date, and not later than eight days prior to the date for the meeting or any adjournment or postponement thereof in the case of the update and supplement required to be made as of 10 days prior to the meeting or any adjournment or postponement thereof. For the avoidance of doubt, the obligation to update and supplement as set forth in this paragraph or any other Section of these Articles shall not limit the Company’s rights with respect to any deficiencies in any notice provided by a shareholder, extend any applicable deadlines under these Articles or enable or be deemed to permit a shareholder who has previously submitted a notice under these Articles to amend or update any proposal or to submit any new proposal, including by changing or adding nomineeswebsite.

Appears in 1 contract

Sources: Agreement of Limited Partnership (NextEra Energy Partners, LP)

Timely Notice. In order for To be timely, a nomination made by a Nominating Shareholder to be timely notice (a “Timely Notice”) and therefore properly brought, the Nominating ShareholderLimited Partner’s notice Nomination Notice must be delivered to or mailed and received by the corporate secretary Secretary of the Company Partnership at the principal executive offices or registered office of the Company: Partnership not earlier than the opening of business on the one hundred twentieth (a120th) in the case of an annual meeting of shareholders (including an annual day prior to, and special meeting), not later than 5:00 p.m. the close of business on the ninetieth (Eastern time90th) on a date that is not less than 90 days nor more than 120 days day prior to to, the first anniversary of the date on which the Partnership’s proxy statement for the immediately preceding year’s annual meeting of shareholders (which date shall, for the purposes of the Company’s first annual meeting of shareholders after its Common Shares are first publicly traded, be deemed to have occurred on May 1 of the preceding calendar year)Limited Partners was made available; provided, however, that that, with respect to the annual meeting of Limited Partners held in 2017, a Limited Partner’s Nomination Notice must be delivered to or mailed and received by the Secretary of the Partnership at the principal executive offices of the Partnership no later than September 22, 2017, and no earlier than August 23, 2017; provided, further, that, in the event that the date of the annual meeting is advanced called for a date that is more than 30 thirty (30) days prior to such anniversary date earlier or delayed more than 90 sixty (60) days after later than such first anniversary date then date, to be timely such notice the Nomination Notice must be so received by the Company no earlier than 90 days prior to such annual meeting and no later than on the later of 70 days the close of business on the one hundred twentieth (120th) day prior to the date of the such annual meeting of Limited Partners or the 10th tenth (10th) day following the day on which public announcement of the date of such annual meeting is first made by the meeting (each such date being the “Notice Date”); provided, further, that in Partnership. In no event shall any adjournment or postponement of any meeting, an annual meeting or the public announcement thereof, thereof commence a new time period (or extend any time period) for the giving of the Nominating Shareholder’s notice a Nomination Notice as described above; and (b) . For purposes of this Section 15.2, “public announcement” shall mean disclosure in a press release reported by the case of Dow ▇▇▇▇▇ News Services, Associated Press or comparable national news service, or in a special meeting (which is not also an annual meetingdocument publicly filed by the Partnership with the 120 857826.04-WILSR01A - MSW Commission pursuant to Section 13, 14 or 15(d) of shareholders called for any purpose which includes the election of directors to Exchange Act and the boardrules and regulations promulgated thereunder, not later than the close of business or posted on the 15th day following the Notice Date. The number of nominees a Nominating Shareholder may nominate (or in the case of a shareholder giving the notice on behalf of a beneficial owner, the number of nominees a Nominating Shareholder may nominate on behalf of such beneficial owner) for election shall not exceed the number of directors to be elected at the annual meeting. Notwithstanding anything in the first sentence of the preceding paragraph to the contrary, in the event that the number of directors to be elected to the board is increased by the board and there is no notice or public disclosure by the Company naming all of the nominees for director or specifying the size of the increased board at least 70 days prior to the anniversary date of the immediately preceding annual meeting of shareholders, a shareholderPartnership’s notice required by this Article 10.11 shall also be considered timely, but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the corporate secretary at the principal executive offices of the Company not later than the 10th day following the day on which such notice or public disclosure of such increase was made by the Company. A Nominating Shareholder’s notice shall further be updated and supplemented, if necessary, so that the information provided or required to be provided in such notice shall be true and correct as of the record date for the meeting and as of the date that is 10 days prior to the meeting or any adjournment or postponement thereof, and such update and supplement shall be delivered to the corporate secretary at the principal executive offices of the Company not later than five days after the record date for the meeting in the case of the update and supplement required to be made as of the record date, and not later than eight days prior to the date for the meeting or any adjournment or postponement thereof in the case of the update and supplement required to be made as of 10 days prior to the meeting or any adjournment or postponement thereof. For the avoidance of doubt, the obligation to update and supplement as set forth in this paragraph or any other Section of these Articles shall not limit the Company’s rights with respect to any deficiencies in any notice provided by a shareholder, extend any applicable deadlines under these Articles or enable or be deemed to permit a shareholder who has previously submitted a notice under these Articles to amend or update any proposal or to submit any new proposal, including by changing or adding nomineeswebsite.

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Sources: Limited Partnership Agreement (NextEra Energy Partners, LP)