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Pooling Legal Definition

to which it is entitled, shall not be taken into account in determining whether the required percentage of voting rights necessary to obtain such consent, consent or waiver relating specifically to that part has been obtained. The Certificate Registrar has the right to request a certificate from the applicant, master of administration or special service and ultimately rely on it to determine whether a certificate is registered in the name of a subsidiary of that person. Any reference herein to “Certificate Holder” or “Holder” reflects the rights of Certificate Holders only to the extent that they may exercise such rights indirectly through the Depositary and the Depositary Participants (except as otherwise provided herein), acknowledging and agreeing herein that the parties will only disclose the person in whose name a Certificate is registered in the Certificate Registry; as “certificate holder” or “holder”. Notwithstanding anything to the contrary in this definition, the term “certificate holder” or “holder” in relation to Class A-FX regular interests means the trustee as the holder of the Class A-FX regular interest. I run a small law firm in Pasadena, California. I have been practicing for almost 10 years and the other lawyers in my firm each have 12+ years of experience. We focus on commercial and labor law, protection and defense of entrepreneurs. While my clients come in all sizes, I especially enjoy helping small businesses and individuals manage their legal needs without the hefty price tag. A pooling agreement is also known as a voting agreement, shareholder voting agreement, shareholder control agreement. A pooling agreement is a contractual agreement in which shareholders agree that their shares will be selected as a unit. Therefore, a proxy trust fund is created between a group of shareholders and the trustee to whom they transfer their voting rights. In a pooling agreement, persons who hold shares of corporations that have voting rights transfer the shares to another party for voting purposes. This is done to control the affairs of the company.

Such collective agreements may also provide for the method by which shareholders may determine how the share is to be voted on. Are you a lawyer? Visit our professional website” (e) Binding commitment. Each of these claims constitutes the authentic, legal, valid and binding written payment obligation of the debtor, enforceable by the holder according to its terms, unless enforceability cannot be limited by bankruptcy, bankruptcy, reorganization or similar laws affecting the enforcement of creditors` rights in general and in equity, such enforceability in a fair or statutory proceeding is under consideration. LawInfo.com National Directory of Legal Bars and Resources for Consumers “Class Principal Balance”: The aggregate principal balance of a Class A-FX class of principal balance or regular interest certificates at the time of determination. On the balance sheet date, the Class Capital Balance of each Class of Capital Account Certificates or Class A-FX Regular Interest will be equal to the Initial Class Capital Balance.