Voting Trust and Deposit of Shares Sample Clauses

The "Voting Trust and Deposit of Shares" clause establishes an arrangement where shareholders transfer their shares to a trustee, who then exercises the voting rights attached to those shares on their behalf. In practice, this means that shareholders deposit their share certificates with the trustee, who votes as a block according to the terms of the trust agreement, often for a specified period. This clause is commonly used to consolidate voting power, ensure unified decision-making, or maintain control over a corporation, thereby preventing hostile takeovers or ensuring stability in corporate governance.
Voting Trust and Deposit of Shares 
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  • Deposit of Funds Before 11:00 A.M., New York City time, on each Redemption Date, Fundamental Change Repurchase Date or Interest Payment Date, and on the Maturity Date or any other date on which any cash amount is due on the Notes, the Company will deposit, or will cause there to be deposited, with the Paying Agent cash, in funds immediately available on such date, sufficient to pay the cash amount due on the applicable Notes on such date. The Paying Agent will return to the Company, as soon as practicable, any money not required for such purpose.