Common use of First Call Clause in Contracts

First Call. (a) Ordinary meetings shall be considered legally installed on first call whenever attended by the Shareholders representing at least fifty percent (50%) plus one (1) of all the Common Shares outstanding evidencing the capital stock of MSX, provided that all the Shareholders of MSX are present or represented at the meeting. . Subject to Section 3.1.7, resolutions will be valid and binding when adopted by the affirmative vote of Common Shares representing at least fifty percent (50%) plus one (1) of all the Common Shares outstanding representing the capital stock of MSX. (b) Extraordinary meetings shall be legally installed on first call whenever attended by the holders representing at least seventy-five percent (75%). of all the Common Shares outstanding evidencing the capital stock of MSX. Subject to Section 3.1.7 , resolutions will be valid and binding when adopted by the affirmative vote of Common Shares representing at least fifty percent (50%) plus one (1) of all the Common Shares outstanding representing the capital stock of MSX.