Class Voting Rights. (i) Except as otherwise provided below, a vote of at least a majority of the Series A Preferred Stock then outstanding shall be sufficient to take any action requiring the vote of the Series A Preferred Stock as a separate class. At any meeting where the Series A Preferred Stock shall have the right to vote as a separate class, the presence, in person or by proxy, of a majority of the outstanding shares of Series A Preferred Stock shall constitute a quorum of such class.
Appears in 3 contracts
Samples: Securities Purchase Agreement (SCC Investment I Lp), Securities Purchase Agreement (Canisco Resources Inc), Securities Purchase Agreement (Mansfield Teddy L)
Class Voting Rights. (i) Except as otherwise provided below, a vote of at --- ------------------- least a majority of the Series A Preferred Stock then outstanding shall be sufficient to take any action requiring the vote of the Series A Preferred Stock as a separate class. At any meeting where the Series A Preferred Stock shall have the right to vote as a separate class, the presence, in person or by proxy, of a majority of the outstanding shares of Series A Preferred Stock shall constitute a quorum of such class.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Morse Partners LTD), Securities Purchase Agreement (Canisco Resources Inc)
