Common use of Securityholder Approval Clause in Contracts

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.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Fogdog Inc)

Securityholder Approval. This Agreement, the Escrow Agreement and ----------------------- the Certificate Agreement of Merger shall have been approved and adopted by the affirmative vote of the holders of at least 9095% of the then outstanding shares of Target's Capital Stock and the holders of not more than 55.0% of the issued and outstanding shares of Target Target's Capital Stock shall have exercised their appraisal rights pursuant to Section 262 of the Delaware Law or applicable California Law.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Kana Communications Inc)