Common use of Extraordinary Resolutions Clause in Contracts

Extraordinary Resolutions. 6.1. An Extraordinary Resolution passed at a meeting of the holders of A Ordinary Shares duly convened and held in accordance with this Agreement will be binding upon all the holders of A Ordinary Shares whether or not present at the meeting, and each of the holders of A Ordinary Shares will be bound to give effect thereto accordingly. 7.2.1. Notwithstanding any other provision of this Agreement, a resolution in writing signed by all the holders of A Ordinary Shares shall be as effective as if it had been passed at a meeting of holders of A Ordinary Shares duly convened and held. Any such resolution shall take effect as of the date of the signing of the same by the last holder of A Ordinary Shares to sign the same. 7.2.2. Notwithstanding any other provision of this Agreement, a resolution in writing signed by the requisite majority of holders of A Ordinary Shares shall be as effective as if it had been passed at a meeting of the holders of A Ordinary Shares duly convened and held. Any such resolution shall take effect as of the date of the signing of the same by the last holder of A Ordinary Shares to sign the same. For the purpose of this clause, “requisite majority of holders of A Ordinary Shares ”means a holder or holders of A Ordinary Shares who alone or together, at the time of the signing of the resolution concerned, hold and represent more than sixty seven percent (67%) or fifty percent (50%) as the case may be of the number of issued A Ordinary Shares who, at that time, would have the right to attend and vote at a meeting of the A Ordinary Shareholders.