Minority Vote definition
Examples of Minority Vote in a sentence
The Company shall not make any change to the recommendation by the Special Committee of the Company’s Board of Directors of the transactions contemplated hereby and use its reasonable best efforts to (i) solicit from its stockholders proxies in favor of the adoption of this Agreement and the transactions contemplated by this Agreement, and (ii) take all other action necessary or advisable to secure the Majority of the Minority Vote.
Polaris objects to the Majority of the Minority Vote in the Integration Agreement and has expressed a concern that the Majority of the Minority Vote may be compromised by a party seeking to acquire a large position in the Unaffiliated Shares for the purpose of obtaining a private benefit in exchange for its vote in favor of the Integration.
This Agreement shall have been adopted by the Requisite Stockholder Vote and the Majority of the Minority Vote in accordance with the DGCL and the governing documents of the Company.
Arrangement -- Minority Vote Required Pursuant to OSC Rule 61-501 and QSC Policy Q-27, the Goldcorp Arrangement Resolution must also be passed by the affirmative vote of not less than a majority of the votes cast by the minority holders of the Goldcorp Class A Subordinate Voting Shares and the Goldcorp Class B Shares, present in person or represented by proxy at the Goldcorp Meeting, voting separately as classes.
The Board of Directors believes that the Integration Agreement is in the best interest of the stockholders of the Company, and desires to preserve the integrity of the Majority of the Minority Vote.
Furthermore, the Buyer shall not take any action with the purpose of adversely affecting the Company’s solicitation of stockholders proxies in favor of the adoption of this Agreement and the transactions contemplated by this Agreement or securing the Majority of the Minority Vote.
Defendants also specifically deny that the Required Minority Vote (defined below) or any further supplemental disclosure is required under any applicable rule, statute, regulation or law.