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in relation to litigation or arbitration proceedings; or\n1.16 Enter into any arrangement with any non-executive Director, whereby the Company or any member of its Group is required to make incentive payments to such non-executive Director upon the successful completion of the Acquisition; or\n1.17 Agree to do any of the foregoing. 2 Nothing in paragraph 1 shall operate so as to restrict or prevent the completion or performance of any obligations undertaken under any contract or arrangement entered into prior to the date of this Agreement (provided details of the same have been fairly disclosed to the Offeror prior to the date of this Agreement).", "size": 1, "samples": [{"hash": "75leR4HKbGo", "uri": "/contracts/75leR4HKbGo#majority-shareholder", "label": "Arrangement Agreement", "score": 23.7453798768, "published": true}], "hash": "c46aed3c2776c46f9396bc2cd29199d6", "id": 9}, {"snippet_links": [{"key": "the-current", "type": "clause", "offset": [51, 62]}], "snippet": "Purchaser understands that Seller, in its name, is the current supermajority shareholder of Mercosur, owning approximately ninety and six- tenth's percent (90.6%) of the Mercosur Stock.", "size": 1, "samples": [{"hash": "fr0lsYQ76kv", "uri": "/contracts/fr0lsYQ76kv#majority-shareholder", "label": "Common Stock Purchase Agreement (Cartoon Acquisition, Inc.)", "score": 19.0, "published": true}], "hash": "02c8f55cf7627bfb87145f482df15838", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1tYWpvcml0eS1zaGFyZWhvbGRlciMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Majority Shareholder", "children": [["expenses-of-majority-shareholders-representative", "Expenses of Majority Shareholders' Representative"], ["indemnification", "Indemnification"], ["appointment", "Appointment"], ["reliance-by-majority-shareholders-representative", "Reliance by Majority Shareholders' Representative"]], "parents": [["purchaser-representations-and-warranties", "PURCHASER REPRESENTATIONS AND WARRANTIES"], ["additional-benefits", "Additional Benefits"], ["other-definitional-and-interpretive-provisions", "Other Definitional and Interpretive Provisions"], ["notices", "Notices"], ["shareholder-proceedings", "Shareholder Proceedings"]], "size": 14, "id": "majority-shareholder", "related": [["warrantholder-not-a-shareholder", "Warrantholder not a Shareholder", "Warrantholder not a Shareholder"], ["finra-member-shareholders", "FINRA Member Shareholders", "FINRA Member Shareholders"], ["warrant-holder-not-shareholder", "Warrant Holder Not Shareholder", "Warrant Holder Not Shareholder"], ["selling-shareholders", "SELLING SHAREHOLDERS", "SELLING SHAREHOLDERS"], ["warrant-holder-not-deemed-a-shareholder", "WARRANT HOLDER NOT DEEMED A SHAREHOLDER", "WARRANT HOLDER NOT DEEMED A SHAREHOLDER"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": [], "drafting_tip": "Define 'Majority Shareholder' precisely to avoid ambiguity; specify thresholds or percentages to ensure clarity; reference relevant voting rights to ensure enforceability.", "explanation": "The Majority Shareholder clause defines the rights, responsibilities, or special powers granted to the shareholder or group of shareholders who collectively own more than 50% of a company's voting shares. In practice, this clause may specify decision-making authority, such as the ability to appoint directors, approve major transactions, or veto certain actions. Its core function is to clarify the influence and control that majority ownership confers, ensuring transparency and preventing disputes over corporate governance."}, "json": true, "cursor": ""}}