Common use of Majority Shareholder Recommendation Clause in Contracts

Majority Shareholder Recommendation. The majority of shareholders of the Parent representing eighty-seven percent (87%) of the issued and outstanding shares determined that the terms of the Merger are fair to and in the best interests of the shareholders of Parent.

Appears in 3 contracts

Sources: Acquisition Agreement (ID Perfumes, Inc.), Acquisition Agreement (Adrenalina), Acquisition Agreement (Basic Services, Inc.)

Majority Shareholder Recommendation. The majority of shareholders of the Parent representing eighty-seven percent (87%) 60% of the issued and outstanding shares determined that the terms of the Merger are fair to and in the best interests of the shareholders of Parent.

Appears in 1 contract

Sources: Acquisition Agreement (National Filing Agents Inc)