Common use of Corporate Authorizations Clause in Contracts

Corporate Authorizations. Rescisión. The Parties hereby represent that the terms of this Agreement, as well as all the documents attached hereto as schedules, have been approved by a Board resolution of each of the Parties. Cablevisión hereby agrees to call its Extraordinary Shareholders Meeting and Telecom hereby agrees to call its Ordinary and Extraordinary Shareholders Meeting within the applicable legal periods, to be held on the same day, for purposes of considering the Merger and all its relating documents pursuant to applicable law. The Parties may propose and accept amendments to the terms of the Preliminary Merger Agreement until the applicable corporate authorization is obtained. If despite the proposed amendments, approval of the Merger is not obtained by both of the shareholders meetings within six (6) months of the date hereof, any of the Parties may unilaterally terminate this Preliminary Merger Agreement. Termination of this agreement may also be requested pursuant to Section 87 of the CGL.

Corporate Authorizations. RescisiónRescission. The Parties hereby represent that the terms of this Agreement, as well as all the documents attached hereto as schedulesAnnexes, have been approved by a Board resolution of each of the Parties. Cablevisión hereby agrees to call its Extraordinary Shareholders Shareholders’ Meeting and Telecom hereby agrees to call its Ordinary and Extraordinary Shareholders Shareholders’ Meeting within the applicable legal periods, to be held on the same day, for purposes of considering the Merger and all its relating documents pursuant to applicable law. The Parties may propose and accept amendments to the terms of the Preliminary Merger Agreement until the applicable corporate authorization is obtained. If despite the proposed amendments, approval of the Merger is not obtained by both of the shareholders shareholders’ meetings within six (6) months of the date hereof, any of the Parties may unilaterally terminate this Preliminary Merger Agreement. Termination of this agreement may also be requested pursuant to Section 87 of the CGLGCL.