Common use of Voting with respect to Other Matters Clause in Contracts

Voting with respect to Other Matters. Until the date on which the ▇▇▇▇▇▇▇▇ Stockholders cease to Beneficially Own more than 20% of the Outstanding Shares in the aggregate, at any annual or special meeting of stockholders of the Company (or if action is taken by written consent of stockholders of the Company in lieu of a meeting), with respect to Other Matters, the ▇▇▇▇▇▇▇▇ Stockholders (i) shall be free to vote (including by written consent) at their sole discretion, in the aggregate, any and all Voting Securities Beneficially Owned by the Stephens Stockholders up to 25% of the Outstanding Shares (the “Maximum Voting Percentage”) and (ii) shall vote or cause to be voted (including, if applicable, by written consent), any and all Voting Securities Beneficially Owned by the Stephens Stockholders in excess of the Maximum Voting Percentage in the same proportion as voted by the other holders of Voting Securities.

Appears in 1 contract

Sources: Stockholders Agreement (Diamondback Energy, Inc.)

Voting with respect to Other Matters. Until the date on which the S▇▇▇▇▇▇▇ Stockholders cease to Beneficially Own more than 20% of the Outstanding Shares in the aggregate, at any annual or special meeting of stockholders of the Company (or if action is taken by written consent of stockholders of the Company in lieu of a meeting), with respect to Other Matters, the S▇▇▇▇▇▇▇ Stockholders (i) shall be free to vote (including by written consent) at their sole discretion, in the aggregate, any and all Voting Securities Beneficially Owned by the Stephens S▇▇▇▇▇▇▇ Stockholders up to 25% of the Outstanding Shares (the “Maximum Voting Percentage”) and (ii) shall vote or cause to be voted (including, if applicable, by written consent), any and all Voting Securities Beneficially Owned by the Stephens S▇▇▇▇▇▇▇ Stockholders in excess of the Maximum Voting Percentage in the same proportion as voted by the other holders of Voting Securities.

Appears in 1 contract

Sources: Shareholder Agreements (Diamondback Energy, Inc.)