Other Voting Matters. Each party to this Agreement hereby agrees that such party will vote, or cause to be voted, all voting securities of the Company and its Subsidiaries over which such party has the power to vote or direct the voting, either in person or by proxy, whether at a securityholders meeting, or by written consent, in the manner in which Vestar directs in connection with the approval of any amendment or amendments to the LLC Agreement, the merger, unit exchange, combination or consolidation of the Company with any other Person or Persons, the sale, lease or exchange of all or substantially all of the property and assets of the Company and its Subsidiaries on a consolidated basis, and the reorganization, recapitalization, liquidation, dissolution or winding-up of the Company; provided however that any such action (a) shall not be inconsistent with the terms of this Agreement or the LLC Agreement and (b) shall not have a material adverse effect on any Securityholder in its capacity as such, if such effect would be borne disproportionately by such Securityholder relative to other Securityholders holding Securities of the same class.
Appears in 3 contracts
Sources: Securityholders Agreement (Birds Eye Foods, Inc.), Securityholders Agreement (Pro Fac Cooperative Inc), Securityholders Agreement (Agrilink Foods Inc)