Common use of Approval by AAAC's Shareholders Clause in Contracts

Approval by AAAC's Shareholders. This Agreement and the transactions contemplated hereby shall have been approved by a majority-in-interest of the shareholders of AAAC in accordance with AAAC's Articles of Association and the aggregate number of AAAC Ordinary Shares held by public shareholders of AAAC who exercise their redemption rights with respect to their AAAC Ordinary Share in accordance with the Articles of Association shall not constitute twenty percent (20%) or more of the AAAC Ordinary Shares sold in AAAC's Public Offering. It is being expressly understood by and among the Parties hereto, that the transactions contemplated by this agreement are subject and contingent upon the approval of the shareholders of AAAC. In the event the majority of the shareholders of AAAC fail to ratify and confirm the transactions contemplated by this agreement, this agreement shall become null and void with no liability to either party.

Approval by AAAC's Shareholders. This Agreement and the transactions contemplated hereby shall have been approved by a majority-in-interest of the shareholders of AAAC in accordance with AAAC's Articles of Association and the aggregate number of AAAC Ordinary Shares held by public shareholders of AAAC who exercise their redemption rights with respect to their AAAC Ordinary Share in accordance with the Articles of Association shall not constitute twenty percent (20%) or more of the AAAC Ordinary Shares sold in AAAC's Public Offering. It is being expressly understood by and among the Parties hereto, that the transactions contemplated by this agreement are subject and contingent upon the approval of the shareholders of AAAC. In the event the majority of the shareholders of AAAC fail to ratify and confirm the transactions contemplated by this agreement, this agreement shall become null and void with no liability to either party.. <PAGE> (c) Memorandum and Articles of TX International. The Memorandum and Articles of TX International shall have taken effect on the Closing Date. (d)