Common use of Shareholder Supermajority Matters Clause in Contracts

Shareholder Supermajority Matters. Notwithstanding any provision of this Agreement or the Organizational Documents of TAM or any of its Subsidiaries to the contrary, neither TAM nor any of its Subsidiaries shall, and TAM shall not permit any of its Subsidiaries to, engage in or take, directly or indirectly, any of the following actions unless approved by a Supermajority Shareholder Vote (each, a “Shareholder Supermajority Matter”):

Appears in 6 contracts

Samples: Shareholders Agreement, Shareholders Agreement (Tam S.A.), Shareholders Agreement (Holdco II S.A.)

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