Common use of Shares Superior to New Multiple Shares Clause in Contracts

Shares Superior to New Multiple Shares. The Company may take no action which would authorize or create shares of any class or series having preferences superior to or on a parity with the New Multiple Shares without the consent of the holders of a majority of the New Multiple Shares expressed by separate ordinary resolution. At any meeting of holders of New Multiple Shares called to consider such a separate ordinary resolution, each New Multiple Share will entitle the holder to one vote and each fraction of a New Multiple Share shall entitle the holder to the corresponding fraction of one vote.

Appears in 5 contracts

Samples: Arrangement Agreement (Canopy Growth Corp), Arrangement Agreement, Credit Agreement (Acreage Holdings, Inc.)

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