Shareholder Matters. Except as otherwise provided herein, none of the following actions shall be taken by the Company without the affirmative approval of a majority of the Shares entitled to vote thereon of each of the Shareholders: (a) declaration or payment of any dividend or distribution or the like, or any redemption subsequent to the date hereof; (b) any amendment, change or restatement of the Articles of Incorporation or the Bylaws of the Company; (c) the dissolution, winding-up or liquidation of the Company; (d) the entry into bankruptcy or insolvency proceedings, whether voluntary or involuntary; or (e) the change in the business of the Company as presently conducted or as contemplated as of the date hereof.
Appears in 2 contracts
Sources: Shareholder Agreement, Shareholder Agreement (Greenhold Group Inc)