Approval by Equity-Holders Clause Samples
The 'Approval by Equity-Holders' clause requires that certain actions or decisions by a company receive formal consent from its shareholders or members who hold equity interests. Typically, this clause outlines which specific matters—such as mergers, amendments to governing documents, or major asset sales—must be approved by a specified percentage or class of equity-holders before proceeding. Its core function is to ensure that significant corporate decisions reflect the will of those with ownership stakes, thereby protecting their interests and preventing unilateral actions by management or minority groups.
Approval by Equity-Holders. The Exchange shall have been approved, and an assignment and assumption agreement effecting the transfer of the Control Interests delivered in accordance with Section 3.01, by the holders of not less than one hundred percent (100%) of the outstanding IPS Interests, including voting power, of IPS.
Approval by Equity-Holders. The Exchange shall have been approved, and appropriate transfer documents effecting the transfer of the VIP Members Shares delivered in accordance with Section III.1, by the holders of not less than one hundred percent (100%) of the issued and outstanding shares of VIP Members Common Stock and VIP Members Series A Preferred Stock, including all voting power, of VIP Members.
Approval by Equity-Holders. The Exchange shall have been approved, and appropriate transfer documents effecting the transfer of the AAC Shares delivered in accordance with Section III.1, by the holders of not less than one hundred percent (100%) of the issued and outstanding Member Shares of AAC, including all voting power, of AAC.
Approval by Equity-Holders. The Exchange shall have been approved, and appropriate transfer documents effecting the transfer of the FOH Shares delivered in accordance with Section III.1, by the holder of not less than one hundred percent (100%) of the issued and outstanding shares of FOH Common Stock, including all voting power, of FOH.
Approval by Equity-Holders. The Exchange shall have been approved, and appropriate transfer documents effecting the transfer of the TGOG Shares delivered in accordance with Section III.1, by the holders of not less than one hundred percent (100%) of the issued and outstanding shares of TGOG Common Stock, including all voting power, of TGOG.
Approval by Equity-Holders. The Exchange shall have been approved, and appropriate transfer documents effecting the transfer of the TTM Shares delivered in accordance with Section III.1, by the holder of not less than one hundred percent (100%) of the issued and outstanding shares of TTM Common Stock, including all voting power, of TTM.
Approval by Equity-Holders. The Exchange shall have been approved, and appropriate transfer documents effecting the transfer of the 561 Shares delivered in accordance with Section III.1, by the holders of not less than one hundred percent (100%) of the issued and outstanding Member Shares of 561, including all voting power, of 561.
Approval by Equity-Holders. The Purchase, Sale and Exchange shall have been approved, and an assignment and assumption agreement effecting the transfer of the Control Interests delivered in accordance with Section 3.01, by the holders of not less than one hundred percent (100%) of the outstanding FB Interests, including voting power, of FB.