NO DISSENTING SHAREHOLDERS Sample Clauses
The NO DISSENTING SHAREHOLDERS clause establishes that all shareholders must agree to a particular corporate action, such as a merger or acquisition, and that no shareholder may exercise dissenters' rights or seek appraisal for their shares. In practice, this means that shareholders are required to waive any rights to object to the transaction or demand payment for the fair value of their shares instead of participating in the deal. This clause ensures that the transaction can proceed smoothly without the risk of legal challenges or delays caused by dissenting shareholders, thereby providing certainty and finality for all parties involved.
NO DISSENTING SHAREHOLDERS. First Merchants, as the sole shareholder of FMB, and Citizens, as the sole shareholder of the Bank, have approved and consented to this Merger.
NO DISSENTING SHAREHOLDERS. Each Shareholder shall have approved this transaction and no Shareholder shall have filed or perfected dissenter's rights or appraisal rights.
NO DISSENTING SHAREHOLDERS. Holders of shares of Level One Common Stock and Level One Preferred Stock, pursuant to the Michigan Business Corporation Act, Level One’s articles of incorporation or bylaws, contract or otherwise, do not have, and the Board of Directors of Level One have not taken any action that would cause any holder of shares of Level One Common Stock to have, the right of a shareholder to dissent and obtain payment for shares under Section 450.1762 of the Michigan Business Corporation Act or any successor statute.
NO DISSENTING SHAREHOLDERS. Holders of shares of MBT Common Stock, pursuant to the Michigan Business Corporation Act, MBT’s articles of incorporation or bylaws, contract or otherwise, do not have, and the Board of Directors of MBT have not taken any action that would cause any holder of shares of MBT Common Stock to have, the right of a shareholder to dissent and obtain payment for shares under Section 450.1762 of the Michigan Business Corporation Act or any successor statute.
NO DISSENTING SHAREHOLDERS. Holders of shares of First Savings Common Stock, pursuant to the Indiana Business Corporation Law, First Savings’s Articles of Incorporation or Bylaws, contract or otherwise, do not have, and the Board of Directors of First Savings have not taken any action that would cause any holder of shares of First Savings Common Stock to have, the right of a shareholder to dissent and obtain payment for shares under Section 23-1-44 of the Indiana Business Corporation Law or any successor statute.
NO DISSENTING SHAREHOLDERS. Holdings shall have confirmed that none of the Shareholders shall have dissenters’ rights under the California Code.
NO DISSENTING SHAREHOLDERS. The holders of no more than 12.5% of the outstanding Shares shall have served notice of objection prior to the vote on the Merger at the Company Shareholders Meeting and otherwise validly exercised their dissenting right pursuant to Section 238 of the Cayman Companies Law.
NO DISSENTING SHAREHOLDERS. No shareholder of the Company shall have exercised his right to dissent from the Merger.
NO DISSENTING SHAREHOLDERS. No Shareholder of the Company shall have taken any action to exercise his or her dissenter’s rights under the TBCA.