Board Supermajority Matters. Notwithstanding any provision of this Agreement or the other Organizational Documents of TAM or any of its Subsidiaries to the contrary, neither TAM nor any of its Subsidiaries shall, and TAM shall not permit any of its Subsidiaries to, engage in or take, directly or indirectly, any of the following actions (each, a “Board Supermajority Matter”), unless approved by a Supermajority Board Vote:
Appears in 6 contracts
Samples: Shareholders Agreement, Shareholders Agreement (Tam S.A.), Shareholders Agreement (Holdco II S.A.)
