Common use of Shareholder Required Vote Clause in Contracts

Shareholder Required Vote. Any action by the shareholders of Holdco 1 concerning a Shareholder Supermajority Matter as well as any other action required by applicable Law or this Agreement to be approved by more than a simple majority of the holders of the then issued and outstanding shares of Holdco 1 Voting Stock must be approved by the affirmative vote of the holders of shares representing at least 95% of the total number of shares of Holdco 1 Voting Stock then issued and outstanding at a duly called meeting of the shareholders of Holdco 1 at which a quorum is present and acting throughout (each, a “Supermajority Shareholder Vote”). All actions other than Shareholder Supermajority Matters must be approved by the affirmative vote of the holders of shares constituting a simple majority of the issued and outstanding shares of Holdco 1 Voting Stock at a duly called meeting of the shareholders of Holdco 1 at which a quorum is present and acting throughout.

Shareholder Required Vote. Any action by the shareholders of Holdco 1 I concerning a Shareholder Supermajority Matter as well as any other action required by applicable Law or this Agreement to be approved by more than a simple majority of the holders of the then issued and outstanding shares of Holdco 1 I Voting Stock must be approved by the affirmative vote of the holders of shares representing at least 95% of the total number of shares of Holdco 1 I Voting Stock then issued and outstanding at a duly called meeting of the shareholders of Holdco 1 I at which a quorum is present and acting throughout (each, a “Supermajority Shareholder Vote”). All actions other than Shareholder Supermajority Matters must be approved by the affirmative vote of the holders of shares constituting a simple majority of the issued and outstanding shares of Holdco 1 I Voting Stock at a duly called meeting of the shareholders of Holdco 1 I at which a quorum is present and acting throughout.