Common use of Shareholder Resolution Clause in Contracts

Shareholder Resolution. Cause to be delivered to the Administrative Agent, on or prior to the earlier of (a) October 15, 2003 and (b) the date upon which the conditions precedent set forth in Section 4.3 are satisfied, a copy of a special resolution duly adopted by the shareholders of the UK Insurance Subsidiary, which resolution shall (i) be certified as being true and correct by a director and/or secretary of such company, (ii) be in form and substance satisfactory to the Administrative Agent and (iii) amend Article 6 of the articles of association of the UK Insurance Subsidiary such that its directors may not refuse to register a transfer of shares in certain circumstances.