Common use of VARIATION OF CLASS RIGHTS Clause in Contracts

VARIATION OF CLASS RIGHTS. If at any time the number of shares which the Company is authorised to issue is divided into different classes of shares, the rights attached to any class (unless otherwise provided by the terms of issue of the shares of that class) shall whether or not the Company is being wound up, be varied by way of resolution or with the consent in writing of the holders of not less than 51% of the issued shares of that class and of the holders of not less than 30% of the issued shares of any other class of shares which may be affected by such variation.

VARIATION OF CLASS RIGHTS. If at any time the number of issued shares which the Company is authorised to issue is are divided into different classes or series of shares, the rights attached to any class or series (unless otherwise provided by the terms of issue of the shares of that classclass or series) shall may, whether or not the Company is being wound up, be varied by way of resolution or with the consent in writing of the holders of not less than 51% three-fourths of the issued shares of that class or series and of the holders of not less than 30% three-fourths of the issued shares of any other class or series of shares which may be affected by such variation.