Common use of Quorum and Voting Requirements Clause in Contracts

Quorum and Voting Requirements. Except to the extent otherwise required by mandatory provisions of applicable law, any resolution or action at a General Meeting of Shareholders shall require an affirmative vote of a majority of the Shares represented (whether in person or by proxy) at such meeting where a majority of the total issued and outstanding Shares are represented in person or by proxy; provided, however, that any resolution or action with respect to the matters listed in Schedule I hereto shall require an affirmative vote of at least two-thirds (2/3) of the total issued and outstanding Shares of the Company at a General Meeting of Shareholders where at least two-thirds (2/3) of the total issued and outstanding Shares are represented in person or by proxy.