Common use of Mailings to Shareholders Clause in Contracts

Mailings to Shareholders. With respect to each Parent Meeting and Parent Consent, the Parent will mail or cause to be mailed (or otherwise communicate in the same manner as the Parent utilizes in communications to holders of Parent Common Shares) to the Holder on the same day as the initial mailing or notice (or other communication) with respect thereto is given by the Parent to its shareholders: (a) a copy of such notice, together with any related materials to be provided to shareholders of the Parent; and (b) a statement that the Holder is entitled to attend such Parent Meeting and to exercise personally or by proxy the Holder Votes thereat. For the purpose of determining the Holder Votes to which the Holder is entitled in respect of any such Parent Meeting or Parent Consent, the number of Exchangeable Shares owned of record by the Holder shall be determined at the close of business on the record date established by the Parent or by applicable law for purposes of determining shareholders entitled to vote at such Parent Meeting or to give written consent in connection with such Parent Consent. The Parent will notify the Holder in writing of any decision of the Board of Directors of the Parent with respect to the calling of any such Parent Meeting or the seeking of any such Parent Consent and shall provide all necessary information and materials to the Holder in each case promptly.

Appears in 2 contracts

Sources: Voting and Exchange Agreement (Caldera Corp /Fl/), Voting and Exchange Agreement (Caldera Corp /Fl/)