PubCo Shareholder Approval Sample Clauses
The PubCo Shareholder Approval clause requires that certain actions or transactions involving the public company (PubCo) receive formal approval from its shareholders before proceeding. Typically, this applies to significant corporate events such as mergers, acquisitions, or major asset sales, where shareholder consent is mandated by law or corporate governance policies. By mandating shareholder approval, the clause ensures that major decisions reflect the interests of the company's owners and provides a safeguard against unilateral actions by management or the board.
PubCo Shareholder Approval. As promptly as reasonably practicable after the Proxy/Registration Statement is declared effective under the Securities Act, and on a date no later than twenty (20) Business Days following such effectiveness, PubCo shall solicit and obtain the PubCo Shareholder Approval by way of passing a resolution of its shareholders by written means in accordance with applicable laws. The board of directors of the PubCo shall not (and no committee or subgroup thereof shall) change, withdraw, withhold, qualify or modify, or (privately or publicly) propose to change, withdraw, withhold, qualify or modify the PubCo Board Recommendation.
PubCo Shareholder Approval. The PubCo Shareholder Approval shall have been duly obtained in accordance with the applicable Law and PubCo’s Governing Documents.
PubCo Shareholder Approval. Upon the terms set forth in this Agreement, PubCo shall seek the irrevocable written consent, of such holders of the PubCo Ordinary Shares as is required to obtain the PubCo Shareholders Approval of the adoption of this Agreement, the Merger and all other transactions contemplated by this Agreement, including the authority to allot the necessary PubCo Class A Ordinary Shares for the Merger Consideration (collectively, the “PubCo Proposals”) as soon as reasonably practicable after the Form F-4/Proxy Statement becomes effective, and in any event within ten (10) business days after the Form F-4/Proxy Statement becomes effective. PubCo, through the PubCo Board, shall recommend that the PubCo Shareholders vote to approve resolutions necessary to give effect to the PubCo Proposals. Except as required by applicable Law, prior to the termination of this Agreement in accordance with ARTICLE IX, neither the PubCo Board nor any committee or agent or other Representative thereof shall (i) withdraw (or modify in any manner adverse to the Company), or propose to withdraw (or modify in any manner adverse to the Company), the PubCo Board’s recommendation in favor approval of the PubCo Proposals, (ii) fail to re-affirm the aforementioned PubCo Board recommendation of the PubCo Proposals at the written request of PubCo within five (5) Business Days or (iii) resolve or agree to do any of the foregoing.