Effects of Dilution on the Provisions of this Section 3. (a) (i) The requirement that the matters referred to in Section 3.4(b)(i) must be approved by consensus and the quorum requirement set out in Section 3.4(b)(ii) (collectively, the “Consensus Rule”), subject to Section 3.5(d) below, shall remain in full force until any Group is diluted as a consequence of a capital increase by the Company to an Interest in the Company lower than 40% (forty percent) of the Company’s total issued and outstanding share capital, and shall continue to apply until an additional period of 6 (six) months has elapsed calculated from the later of (i) the date of such dilution, or (ii) the date that this Section 3.5 becomes effective.
Appears in 5 contracts
Samples: Shareholders Agreement (Telefonica Mobile Inc), Shareholders Agreement (Telefonica S A), Shareholders Agreement (Telefonica S A)
