Securityholder Approval Sample Clauses
The Securityholder Approval clause establishes the requirement that certain actions or decisions by a company must receive the consent of its securityholders, typically shareholders, before proceeding. In practice, this clause may apply to major corporate events such as mergers, acquisitions, amendments to governing documents, or the issuance of new shares, where a specified percentage of votes is needed for approval. Its core function is to ensure that significant changes affecting the company or its ownership structure cannot occur without the informed agreement of those who hold a financial stake, thereby protecting their interests and promoting transparency in corporate governance.
POPULAR SAMPLE Copied 1 times
Securityholder Approval. Parent Securityholder Approval, as defined in Section 13.03, shall have been obtained.
Securityholder Approval. The Continuance shall have been approved by the ▇▇▇ ▇▇▇▇▇ Shareholders and the Arrangement and the other transactions contemplated hereby shall have been approved and adopted by the ▇▇▇ ▇▇▇▇▇ Securityholders and the Rolling Thunder Securityholders in accordance with the Interim Order, applicable Laws, the ▇▇▇ ▇▇▇▇▇ Governing Documents and the Rolling Thunder Governing Documents, as the case may be.
Securityholder Approval. This Agreement and the Merger ----------------------- shall have been duly approved and adopted by the requisite vote of the holders of Company Capital Stock, and any agreements or arrangements that may result in the payment of any amount that would not be deductible by reason of Section 280G of the Code shall have been approved by such number of shareholders of Company as is required by the terms of Section 280G(b)(5)(B) and shall be obtained in a manner which satisfies all applicable requirements of such Code Section 280G(b)(5)(B) and the proposed Treasury Regulations thereunder, including (without limitation) Q-7 of Section 1.280G-1 of such proposed regulations. The Parent Stockholder Approval shall have been duly obtained.
Securityholder Approval. The Arrangement shall have been duly approved by the Required Company Securityholder Vote.
Securityholder Approval. The Company Securityholder Approval shall have been obtained and the resolutions constituting the Company Stockholder Approval shall have been duly certified by the Company’s Secretary.
Securityholder Approval. (a) The Arrangement shall have been duly approved by the Required Company Securityholder Vote.
(b) The Arrangement shall have been duly approved by the Required Company Securityholder Vote in accordance with any conditions in addition to those set forth in Section 7.3(a) which may be imposed by the Interim Order and which are satisfactory to the Company, acting reasonably.
Securityholder Approval. Securityholder hereby agrees that, during the Agreement Period (as defined below), Proxyholder (as defined below) shall exercise all of the voting rights attached to the Company Capital Stock held beneficially or of record by the Securityholder (including any shares of Company Capital Stock that are issued upon the exercise of any options held by the Securityholder during the Agreement Period), which shares are set forth on Schedule 1 attached hereto (together with any shares issued upon the exercise of any options held by the Securityholder during the Agreement Period, the “Subject Shares”) (including the execution and delivery on behalf of such Securityholder of all instruments and documents to be executed by such Securityholder in its capacity as a voting stockholder) in favor of the Company Stockholder Matters. Without limiting the foregoing, as promptly as practicable, and in no event later than 11:59 p.m. New York time on the day that is three Business Days after the Registration Statement is declared effective under the Securities Act, the Securityholder shall execute and deliver, or cause to be executed and delivered, to each of the Company and Parent, the written consent attached hereto as Exhibit A, which written consent shall adopt and approve the Merger Agreement and the Merger and shall not be amended, rescinded or modified.
Securityholder Approval. The Arrangement Resolution shall be subject to the approval of two-thirds of the votes cast by or on behalf of those Shareholders present or represented by proxy at the Meeting.
Securityholder Approval. The Requisite Securityholder Approval shall have been obtained.
Securityholder Approval. This Agreement, the Escrow Agreement and ----------------------- the Certificate of Merger shall have been approved and adopted by the affirmative vote of the holders of at least 90% of Target's Capital Stock and the holders of not more than 5% of the issued and outstanding shares of Target Capital Stock shall have exercised their appraisal rights pursuant to Section 262 of the Delaware Law.
