Amendment, Repeal, Etc. Notwithstanding anything contained in this Certificate of Incorporation to the contrary, the amendment or repeal of, or the adoption of any provision in a manner inconsistent with, this Article IX will (a) prior to a Trigger Event require (i) the affirmative vote of the holders of record of a majority of the issued and outstanding Class A Common Stock excluding any such holder that is an Interested Stockholder, voting separately as a single class, and (ii) the affirmative vote of the holders of a majority of the issued and outstanding Class B Common Stock, voting separately as a single class, and (b) following a Trigger Event the affirmative vote of the holders of record of a majority of the votes attributable to the issued and outstanding Class A Common Stock and Class B Common Stock voting together as a single class. The amendment or repeal of, or the adoption of any provision in a manner inconsistent with, this Article IX, and adverse to the interests of any Interested Stockholder or any of its Affiliates (as determined by the Class B Directors) will require the affirmative vote of the holders of a majority of the issued and outstanding Class B Common Stock, voting separately as a single class.
Appears in 1 contract
Sources: Investment Agreement (Globalstar Lp)
Amendment, Repeal, Etc. Notwithstanding anything contained in this Certificate of Incorporation to the contrary, the amendment or repeal of, or the adoption of any provision in a manner inconsistent with, this Article IX VI will require (a) prior to a Trigger Event require (i) the affirmative vote of the holders of record of a majority of the issued and outstanding Class A Common Stock Stock, excluding any such holder that is an Interested Stockholder, voting separately as a single class, and (ii) the affirmative vote of the holders of record of a majority of the issued and outstanding Class B Common Stock, voting separately as a single class, and (b) following a Trigger Event the affirmative vote of the holders of record of a majority of the votes attributable to the issued and outstanding Class A Common Stock and Class B Common Stock voting together as a single class. The Notwithstanding the foregoing, prior to a Trigger Event, any amendment or repeal of, or the adoption of any provision in a manner inconsistent with, with Section 5 of this Article IXVI, and adverse to the interests of any Interested Stockholder or any of its Affiliates (as determined by the Class B Directors) will shall not require the affirmative vote of the holders of record of a majority of the issued and outstanding Class B A Common Stock, excluding any such holder that is an Interested Stockholder, voting separately as a single class, unless such amendment, repeal or newly-adopted provision would adversely alter or change the relative rights, powers or privileges of the Class A Common Stock.
Appears in 1 contract
Sources: Investment Agreement (Globalstar Lp)