Common use of Restrictions on Voting Clause in Contracts

Restrictions on Voting. During the Term of this Agreement, the B▇▇▇▇ Street Group agrees that all of the Voting Stock Beneficially Owned by the B▇▇▇▇ Street Group in excess of 14.99% of the Voting Stock then outstanding shall be voted by the B▇▇▇▇ Street Group either (i) in proportion to the votes cast by all holders of Voting Stock other than the B▇▇▇▇ Street Group or (ii) in accordance with the recommendation of the Board. At the Company’s request, the B▇▇▇▇ Street Group shall provide the Company with evidence of the B▇▇▇▇ Street Group’s compliance with this Section 4(a).

Appears in 1 contract

Sources: Rights Agreement (Hollywood Media Corp)

Restrictions on Voting. During the Term of this Agreement, the B▇▇▇▇ Street Group agrees that all of the Voting Stock Beneficially Owned by the B▇▇▇▇ Street Group in excess of 14.99% of the Voting Stock then outstanding shall be voted by the B▇▇▇▇ Street Group either (i) in proportion to the votes cast by all holders of Voting Stock other than the B▇▇▇▇ Street Group or (ii) in accordance with the recommendation of the Board. At the Company’s request, the B▇▇▇▇ Street Group shall provide the Company with evidence of the B▇▇▇▇ Street Group’s compliance with this Section 4(a).

Appears in 1 contract

Sources: Agreement (Baker Street Capital Management, LLC)