Common use of Share Authorization Clause in Contracts

Share Authorization. The Company covenants and agrees that it shall (i) solicit by proxy the authorization and approval (the "Shareholder Approval") of the Rule 4460(i) Authorization by the stockholders of the Company and (ii) use its best efforts to obtain the Shareholder Approval at its next annual stockholder meeting, which shall not be held later than September 20, 1999.

Appears in 1 contract

Sources: Securities Purchase Agreement (Westell Technologies Inc)

Share Authorization. The Company covenants and agrees that it shall (i) solicit by proxy the authorization and approval (the "Shareholder ApprovalSHAREHOLDER APPROVAL") of the Rule 4460(i) Authorization by the stockholders of the Company in its Proxy Statement for the next annual meeting of stockholders of the Company, and in any event, not later than February 8, 1999, and (ii) use its best efforts to obtain the Shareholder Approval at its the next annual stockholder meetingmeeting of stockholders of the Company, which shall and in any event, not be held later than September 20February 8, 1999.

Appears in 1 contract

Sources: Securities Purchase Agreement (Valence Technology Inc)