Common use of Approval of the Shareholders Clause in Contracts

Approval of the Shareholders. This Agreement and the Merger Proposal shall have been approved and adopted by the Shareholders, including the separate vote of the Series A and Series B Preferred Stock, as set forth in Sections 2.7 and 5.26. Further, no more than five percent of the Shareholders shall have notified the Company of their appraisal rights in accordance with Section 262 of the DCGL.

Appears in 1 contract

Sources: Merger Agreement (Semotus Solutions Inc)

Approval of the Shareholders. This Agreement and the Merger Proposal ---------------------------- shall have been approved and adopted by the Shareholders, including the separate vote of the Series A and Series B Preferred Stock, as set forth in Sections 2.7 and 5.265.27. Further, no more than five percent of the Shareholders shall have notified the Company of their appraisal rights in accordance with Section 262 of the DCGL.

Appears in 1 contract

Sources: Merger Agreement (Semotus Solutions Inc)