GM Transaction Shareholder Meeting Sample Clauses
The GM Transaction Shareholder Meeting clause requires that a general meeting of shareholders be convened to consider and vote on a proposed transaction, such as a merger or acquisition. Typically, this clause outlines the procedures for calling the meeting, the notice period, and the information that must be provided to shareholders in advance, such as details of the transaction and any recommendations from the board. Its core function is to ensure that shareholders are given a formal opportunity to approve or reject significant corporate actions, thereby upholding transparency and protecting shareholder rights.
GM Transaction Shareholder Meeting. Subject to the terms of this Agreement, the Corporation shall:
(a) in conjunction with or prior to holding its next annual general meeting of Corporation Shareholders or the meeting of the Corporation Shareholders to approve the Separation Transaction, convene and conduct the GM Transaction Shareholder Meeting in accordance with the Corporation's constating documents and Applicable Laws;
(b) not adjourn, postpone or cancel (or propose or permit the adjournment, postponement or cancellation of) the GM Transaction Shareholder Meeting except as required for quorum purposes (in which case the meeting shall be adjourned and not cancelled), by Applicable Law, by a Governmental Entity or by a valid shareholder action; and
(c) promptly advise the Investor as frequently as the Investor may reasonably request as to the aggregate tally of the proxies received by the Corporation in respect of the GM Transaction Resolutions.