Common use of Shareholders Resolutions Clause in Contracts

Shareholders Resolutions. Notwithstanding anything in this Agreement and Articles, the prior approval of Shareholders representing at least 75% of the issued share capital (whether at a General Meeting or by written resolution) is needed to: (a) appoint a liquidator to the Company or propose a winding up of the Company; (b) amend or replace the Articles; (c) approve a scheme of arrangement to merge or amalgamate the Company with another Company; (d) change the name of the Company; (e) effect any capital reduction or buy back of Shares by the Company; or (f) give effect to any matter set out in clause 5.3 where the approval of Shareholders (rather than Directors) is required by law to give effect to such matter.