Requisite Vote definition

Requisite Vote means the affirmative vote of holders of Shares representing in the aggregate more than 90% of the outstanding Shares.
Requisite Vote has the meaning set forth in Section 2.3(b).

Examples of Requisite Vote in a sentence

  • Any action by the Board of Directors, other than pursuant to a Requisite Vote, or shareholders eliminating the requirement to establish cause for the removal of a director shall not operate to eliminate such requirement with respect to any director incumbent at the time of such action.

  • As used herein, the term "Requisite Vote" shall mean the affirmative vote of at least two-thirds of the directors then in office plus one director.

  • A Requisite Vote (as defined herein) of the directors shall be required to alter, amend, change or repeal, or to adopt any provision inconsistent with, Sections 2.01 to 2.05 inclusive, Section 2.07 and Section 2.14 of Article II of these by-laws, Sections 8.01 to 8.03 inclusive of Article VIII of these by-laws and Sections 9.01 to 9.11 inclusive of Article IX of these by-laws.

  • This Agreement shall have been duly adopted by holders of Shares constituting the Company Requisite Vote in accordance with applicable Law and the certificate of incorporation and bylaws of the Company.

  • A Requisite Vote, as defined in Section 1 of Article III of these By-Laws, shall be required to amend, alter, change or repeal Sections 4 and 13 of Article II of these By-Laws; Sections 1 and 7 of Article III of these By-Laws; Section 1 of Article VIII of these By-Laws; and this Section, or any provision of any of the foregoing.


More Definitions of Requisite Vote

Requisite Vote means the affirmative vote of the holders of 90% of the shares of the Company’s capital stock, calculated on an as-if-converted to Common Stock basis, voting together as a single class.
Requisite Vote means the approval of the issuance of the Subscription Shares by a majority of the votes cast by the holders of the Class A Common Shares and the Class B Common Shares entitled to vote thereon, voting together as a single class.
Requisite Vote as of any given date shall mean the affirmative vote of the holders of Trust Certificates then holding at least eighty percent (80%) of the shares of beneficial interest in the Voting Trust as reflected on the books and records of account maintained by the Trustees hereunder.
Requisite Vote means the approval at the Special Meeting of (i) an amendment to the Bye-laws and the conditions of the Company’s Memorandum to increase the authorized share capital of the Company from $25.6 million to $36.8 million by increasing the number of authorized shares of Class A Common Stock from 300,000,000 shares to the Increased Authorized Share Number, (ii) the Rights Offering and (iii) the issuance to TW BV of the TW Initial Warrant and warrants exercisable for up to 84,000,000 shares of Class A Common Stock, in each case, as required by, and in accordance with, NASDAQ Rule 5635(d), by a majority of the votes cast by the holders of the shares of Class A Common Stock and the share of Series A Preferred Stock entitled to vote thereon, voting together as a single class.
Requisite Vote means: (i) at any time that there are two (2) Shareholders or less, the affirmative vote of the Shareholders owning more than fifty percent (50%) of the outstanding Shares entitled to vote, and (ii) at any time that there are three (3) or more Shareholders, the affirmative vote of the Shareholders owning more than fifty percent (50%) of the outstanding Shares entitled to vote, provided that the matter under consideration shall have also received the affirmative vote of all Shareholders owning, Shares entitled to vote, except for any one (1)
Requisite Vote means the approval at the General Meeting of (i) an increase in the number of shares of Class A Common Stock which the Company is authorized to issue to the Increased Authorized Share Number and (ii) the transactions contemplated hereby, by a majority of the votes cast by the holders of the Class A Common Stock and the Series A Preferred Share entitled to vote thereon, voting together as a single class.
Requisite Vote has the meaning set forth in Section 4.24.