Veto rights. (a) The parties agree that following the Recapitalization, neither the Company nor its Subsidiaries shall take, or be permitted to take, any of the actions set forth on Part I of Schedule 2 (the “Primary Actions”) without the prior written consent of the Major Stockholders; provided, however, that no such prior written consent contemplated by this Section 2.6(a) shall be required at any time when the Major Stockholders, collectively, do not beneficially own at least 25% of the then outstanding Voting Stock of the Company.
Appears in 3 contracts
Samples: Stockholders’ Agreement (Acof Management Lp), Stockholders’ Agreement (Ontario Teachers Pension Plan Board), Stockholders’ Agreement (Samsonite Corp/Fl)
