Common use of Shareholder Resolutions Clause in Contracts

Shareholder Resolutions. Shareholder resolutions shall be adopted as follows: a. by unanimous approval in relation to any reseloution to change the Company’s name or nationality or increase or decrease the financial liability of the Shareholders. b. By approval of Shareholders who together own at least 75% of the Company’s capital in relation to any amendment to the Articles of Association of the Company, appointment or removal of the external auditor, or Board of Managers remuneration ; or distribution of profit, or voluntary reserve; and c. except as mentioned in articles (A) and (B) above, resolutions adopted by the approval of Shareholders who own at least fifty one (51%) of the Company’s capital.

Shareholder Resolutions. Shareholder resolutions shall be adopted as follows: a. (a) by unanimous approval in relation to any reseloution resolution to change the Company’s name or nationality or increase or decrease the financial liability of the Shareholders. b. (b) By approval of Shareholders who together own at least 75% of the Company’s capital in relation to any amendment to the Articles of Association of the Company, appointment or removal of the external auditor, or Board of Managers remuneration remuneration; or distribution of profit, or voluntary reserve; and. c. (c) except as mentioned in articles (A) and (B) above, resolutions adopted by the approval of Shareholders who own at least fifty one (51%) of the Company’s capital.