Minority Investors veto right Sample Clauses

Minority Investors veto right. For so long as the Minority Investors own, in aggregate, 15 per cent or more of the Investor Shares, the Shareholders must procure that, save as otherwise expressly permitted by this Agreement, neither the Company nor any Company Subsidiary shall take any action in respect of a Shareholder Reserved Matter if it has been vetoed in accordance with the process specified in this clause 9 by Minority Investors (acting reasonably) who collectively own 75% or more of the B Shares then in issue (such percentage being the "Veto Percentage"). Where the subject matter of a Shareholder Reserved Matter could fall into more than one of the paragraphs specified in Schedule 3, then so long as it has not been vetoed when considered in the context of one paragraph, then it shall be deemed to have not been vetoed in respect of all of the other paragraphs specified in Schedule 3 that may be applicable to such matter.
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