Common use of Shareholder Resolutions Clause in Contracts

Shareholder Resolutions. 4.1 [Option 1: It has been determined that the Transactions are a "Major Transaction" for the purposes of section 129 of the Act. Accordingly [all of] the shareholders of the Company have by special resolution: (a) approved the Document[s] and the Transactions; and (b) confirmed, approved and ratified the resolutions of the Board referred to above. 4.2 Option 2: It has been determined that the Transactions do not constitute a "Major Transaction" for the purpose of section 129 of the Act.]

Appears in 1 contract

Sources: Facilities Agreement (Alignvest Acquisition Corp)

Shareholder Resolutions. 4.1 [Option OPTION 1: <It has been determined that the Transactions are a "Major Transaction" Transaction for the purposes of section 129 of the Act. Accordingly Accordingly, [all of] the shareholders of the Company have by special resolution: (a) approved the Document[s] and the Transactions; and (b) confirmed, approved and ratified the resolutions of the Board referred to above. 4.2 Option . >] OPTION 2: <It has been determined that the Transactions do not constitute a "Major Transaction" Transaction for the purpose of section 129 of the Act.>]

Appears in 1 contract

Sources: Facility Agreement (Hudson Highland Group Inc)