Common use of Effects of an Insolvency Event Clause in Contracts

Effects of an Insolvency Event. In case an Insolvency Event occurs, all the resolutions of the Company’s Shareholders’ Meetings and the Board of Directors’ Meeting shall during such period be decided always in the best interest of the Company by the Non-Insolvent Party, except if otherwise provided for in the Brazilian Corporation Law.

Appears in 2 contracts

Samples: Shareholders’ Agreement, Shareholders’ Agreement (Amyris Biotechnologies Inc)

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Effects of an Insolvency Event. In case an Insolvency Event occurs, all the resolutions of the Company’s 's Shareholders' Meetings and the Board of Directors' Meeting shall shall, during such period period, be decided always in the best interest of the Company by the Non-Insolvent Party, except if otherwise provided for in the Brazilian Corporation Law.

Appears in 2 contracts

Samples: Shareholders' Agreement (Amyris, Inc.), Joint Venture Implementation Agreement (Amyris, Inc.)

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