Shareholder Approvals definition

Shareholder Approvals has the meaning set forth in Section 4.11.

Shareholder Approvals means all shareholder approvals necessary to (A) approve the exercise of this Warrant for Shares for purposes of the section or rule set forth in Item 6 of Schedule A hereto, and/or (B) amend the Charter to increase the number of authorized shares of Common Stock to the extent necessary to permit the exercise of this Warrant.

Shareholder Approvals means (i) the approval of the shareholders of the Corporation necessary to amend the Certificate of Incorporation to increase the number of authorized shares of Common Stock to 100,000,000 and (ii) the approval of the shareholders of the Corporation necessary to approve the issuance of all shares of Common Stock as contemplated by the Purchase Agreement and the other agreements referred to therein, including conversion of the Series B Preferred Stock into Common Stock, for purposes of Rule 5635 of the NASDAQ Stock Market Rules.

Examples of Shareholder Approvals in a sentence

• On the terms and subject to the conditions set forth in this Agreement, upon each Closing and, for the avoidance of doubt, subject to the Shareholder Approvals and Regulatory Approval, (i) the Company agrees to issue to the Investor, in exchange for the applicable Exchanged Shares, the applicable number of New Shares in respect of such Exchanged Shares, and (ii) the Investor agrees to deliver to the Company book-entry shares representing the applicable Exchanged Shares.

• Subject to the Shareholder Approvals, the New Shares have been duly and validly authorized by all necessary action, and, when issued and delivered pursuant to this Agreement, such New Shares will be duly and validly issued and fully paid and non-assessable free and clear of any liens or encumbrances, will not be issued in violation of any preemptive rights under its organizational documents or the Virginia Stock Corporation Act, and will not subject the holder thereof to personal liability.

• In the event that the Issuer intends to obtain the Shareholder Approvals by calling and holding a shareholders’ meeting, the Issuer undertakes to prepare and complete a management information circular / proxy statement (the “Circular”) as well as any other documents required by applicable law for the purpose of seeking the Shareholder Approvals, and the Issuer shall ensure that the Circular is filed and sent to all of the Issuer’s shareholders and to any other person as required by applicable law.

More Definitions of Shareholder Approvals

Shareholder Approvals means, collectively, the General Shareholder Approval and the Insider Shareholder Approval.

Shareholder Approvals means all shareholder approvals necessary to (i) approve the conversion of the Series T Preferred Stock into Common Stock for purposes of Section 312.03 of the NYSE Listed Company Manual, and (B) amend the Company’s Restated and Amended Articles of Incorporation to increase the number of authorized shares of Common Stock to at least such number as shall be sufficient to permit the full conversion of the Series T Preferred Stock into Common Stock.

Shareholder Approvals means all shareholder approvals necessary to (i) approve the issuance of Common Stock upon the Mandatory Conversion for purposes of Rule 5635 of the Nasdaq Listing Rules, and (ii) amend the Articles to increase the number of authorized shares of Common Stock to permit the Mandatory Conversion in full and to provide additional authorized shares of Common Stock for general corporate purposes.

Shareholder Approvals means the shareholder approvals necessary to (i) approve the conversion of the Series C Preferred Stock into Common Stock for purposes of Rule 5635 of the NASDAQ Marketplace Rules and (ii) approve the conversion of the Series B-1 Preferred Stock into Non-Voting Common Stock and the conversion of such Non-Voting Common Stock into shares of Common Stock for purposes of Rule 5635 of the NASDAQ Marketplace Rules.

Shareholder Approvals means, as the context may require, the duly authorized written consent of CFC to the merger of AB with and into CFB; the approval by the requisite vote of the shareholders of AFC at the AFC Shareholders' Meeting of the merger of AFC with and into CFC; and the approval by the requisite vote of the shareholders of CFC at the CFC Shareholders' Meeting of the acquisition of AFC.

Shareholder Approvals means all shareholder approvals necessary to (i) approve the issuance of Common Stock upon the Mandatory Conversion for purposes of the NYSE American Company Guide (the “Issuance Approval”), and (ii) amend the Articles of Incorporation to increase the number of authorized shares of Common Stock to permit the Mandatory Conversion in full and to provide additional authorized shares of Common Stock for general corporate purposes (the “Articles Amendment Approval”).

Shareholder Approvals means the Series A Shareholder Approval and the Series B Shareholder Approval.