Approval of Shareholders Sample Clauses
The 'Approval of Shareholders' clause establishes that certain actions or decisions by a company require the formal consent of its shareholders before they can proceed. Typically, this applies to significant matters such as mergers, amendments to the company's articles, or major asset sales, where a specified percentage of shareholder votes must be obtained at a meeting or through written consent. This clause ensures that shareholders have a direct say in critical corporate decisions, thereby protecting their interests and promoting transparency in the governance of the company.
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Approval of Shareholders. (a) To the extent required by applicable ▇▇▇, ▇▇▇▇▇ shall, through its Board of Directors, duly call, give notice of, convene and hold the Shareholder Meeting for the purpose of voting on the adoption of this Agreement (the "Shareholders' Approval") as soon as reasonably practicable after consummation of the Offer but in any event prior to the 90th day after the date hereof (subject to unavoidable delays in receiving comments from the SEC staff or in considering and preparing responses to such comments). Except to the extent legally required for the discharge of its fiduciary duties as reflected in a written opinion of independent legal counsel, ▇▇▇▇▇ shall, through its Board of Directors, include in the Proxy Statement the recommendation of the Board of Directors of ▇▇▇▇▇ that the shareholders of ▇▇▇▇▇ adopt this Agreement and approve the Merger, and shall use all reasonable efforts to obtain such adoption and approval, including utilizing a proxy solicitation firm that is reasonably acceptable to Buyer and obtaining the opinion of ▇▇▇▇▇▇▇▇ & Company Securities, Inc. to the effect that the Merger Price is fair to the holders of ▇▇▇▇▇ Common Stock from a financial point of view. At such meeting, Buyer shall, and shall cause its Subsidiaries to, cause all shares of ▇▇▇▇▇ Common Stock, if any, then owned by Buyer or any such Subsidiary to be voted in favor of the adoption of this Agreement.
(b) Not earlier than five days, and not later than three days, prior to the day of the Shareholder Meeting (if such Shareholder Meeting is required under applicable law), ▇▇▇▇▇ shall provide a notice to Buyer stating the number of ▇▇▇▇▇ Common Shares for which valid, executed proxies have been received with directions to vote such shares in favor of the Merger. ▇▇▇▇▇ shall thereupon promptly consult with Buyer and, if after such consultation Buyer so requests, ▇▇▇▇▇ shall cause the Shareholder Meeting to be adjourned for such period as Buyer shall request not to exceed thirty (30) days (or postponed to such date as Buyer shall request, which date shall not be more than thirty (30) days after the original date of the meeting) to allow the proxy solicitation firm to continue to solicit proxies in favor of the Merger. In such event, ▇▇▇▇▇ shall cooperate with Buyer and the proxy solicitation firm to attempt to obtain proxies sufficient to result in approval of the Merger by the shareholders of ▇▇▇▇▇.
(c) In the event that the approval and adoption of this Agreement and the M...
Approval of Shareholders. The Trust will call a special meeting of the Acquired Fund Shareholders to consider and act upon this Agreement and to take all other appropriate action necessary to obtain approval of the transactions contemplated herein.
Approval of Shareholders. The Acquired Fund Registrant will call a special meeting of the Acquired Fund shareholders to consider and act upon this Agreement and to take all other appropriate action necessary to obtain approval of the transactions contemplated herein.
Approval of Shareholders. This Agreement shall be adopted by the shareholders of the Constituent Corporations at meetings of such shareholders called for that purpose or by written consent pursuant to the laws applicable thereto. There shall be required for the adoption of this Agreement the affirmative vote of the holders of at least a majority of the holders of all the shares of the Common Stock issued and outstanding and entitled to vote for each of the Constituent Corporations.
Approval of Shareholders. The Corporation will call a special meeting of the Acquired Fund Shareholders to consider and act upon this Agreement and to take all other appropriate action necessary to obtain approval of the transactions contemplated herein.
Approval of Shareholders. The Reorganizing Fund Registrant will call a special meeting of the Reorganizing Fund Shareholders to consider and act upon this Agreement and to take all other appropriate action necessary to obtain approval of the transactions contemplated herein.
Approval of Shareholders. The FFB Trust will call a meeting of the Selling Fund Shareholders to consider and act upon this Agreement and to take all other action necessary to obtain approval of the transactions contemplated herein.
Approval of Shareholders. 33 6.04 Regulatory and Other Approvals..................34 6.05 Employees.......................................34 6.06 Expenses........................................35 6.07
Approval of Shareholders. This Agreement, the Merger and the transactions contemplated by this Agreement shall (if necessary) have received the requisite approval and authorization of the Shareholders.
Approval of Shareholders. Unified will call a special meeting of Transferring Fund Shareholders to consider and act upon this Agreement and to take all other action necessary to obtain approval of the transactions contemplated herein.