Meaning of Extraordinary Resolution. (a) The expression “Extraordinary Resolution” when used in this Indenture means, subject as hereinafter provided in this Section 7.11 and in Section 0, a resolution proposed at a meeting of Registered Warrantholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy Registered Warrantholders holding at least 25% of the aggregate number of Common Shares that couldbe acquired on exercise of the outstanding Warrants and passed by the affirmative votes of Registered Warrantholders holding not less than 66 2/3% of the aggregate number of Common Shares that could be acquired on exercise of the outstanding Warrants at the meeting and voted on the poll upon such resolution as contemplated in this Section 7.11(a).
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Sources: Warrant Indenture (Mount Logan Capital Inc.), Warrant Indenture (Yukon New Parent, Inc.)
Meaning of Extraordinary Resolution. (a1) The expression “Extraordinary Resolution” when used in this Indenture means, subject as hereinafter provided in this Section 7.11 and in Section 07.14, a resolution proposed at a meeting of Registered Warrantholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy Registered Warrantholders holding at least 25% of the aggregate number of Common Warrant Shares that couldbe may be acquired on exercise of the outstanding Warrants and passed by the affirmative votes of Registered Warrantholders holding not less than 66 2/3% of the aggregate number of Common Warrant Shares that could may be acquired on exercise of the outstanding Warrants at the meeting and voted on the poll upon such resolution as contemplated in this Section 7.11(a)resolution.
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