Common use of Special Approval Rights Clause in Contracts

Special Approval Rights. In addition to any other action requiring an Affirmative Board Vote, so long as the 399 Stockholders have the right to designate directors under Section 5.1(a), an Affirmative Board Vote shall be required prior to the Company or any of its Subsidiaries entering into a Significant Transaction.

Appears in 4 contracts

Samples: Investors' Agreement (Analog Acquisition Corp), Stockholders' Agreement (Gni Group Inc /De/), Investors' Agreement (Allied Digital Technologies Corp)

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Special Approval Rights. In addition to any other action requiring an Institutional Affirmative Board Vote, so long as the 399 Institutional Stockholders have the right to designate directors under Section 5.1(a), an Institutional Affirmative Board Vote shall be required prior to the Company or any of its Subsidiaries entering into a Significant Transaction.

Appears in 1 contract

Samples: Stockholders' Agreement (MSX International Inc)

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