Common use of Extraordinary Actions Clause in Contracts

Extraordinary Actions. Except as specifically provided in Section 5.8 and Article VIII, notwithstanding any provision of law permitting or requiring any action to be taken or approved by the affirmative vote of stockholders entitled to cast a greater number of votes, any such action shall be effective and valid if declared advisable by the Board of Directors and taken or approved by the affirmative vote of stockholders entitled to cast a majority of all the votes entitled to be cast on the matter.

Appears in 3 contracts

Samples: Master Combination Agreement (NorthStar Real Estate Income II, Inc.), Master Combination Agreement (NorthStar Real Estate Income II, Inc.), Master Combination Agreement (Colony NorthStar, Inc.)

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Extraordinary Actions. Except as specifically provided in Section 5.8 5.5 (relating to indemnification), and in Article VIIIVIII (relating to limitation of liability), notwithstanding Notwithstanding any provision of law permitting or requiring any action to be taken or approved by the affirmative vote of stockholders entitled to cast a greater number of votes, any such action shall be effective and valid if declared advisable by the Board of Directors and taken or approved by the affirmative vote of stockholders entitled to cast a majority of all the votes entitled to be cast on the matter.

Appears in 2 contracts

Samples: Merger Agreement (Telecommunication Systems Inc /Fa/), Merger Agreement (Comtech Telecommunications Corp /De/)

Extraordinary Actions. Except as specifically provided in Section 5.8 5.3 (relating to removal of Trustees) and in Section 10.3 and Article VIIIXI, notwithstanding any provision of law permitting or requiring any action to be taken or approved by the affirmative vote of stockholders the holders of shares entitled to cast a greater number of votes, any such action shall be effective and valid if declared advisable by the Board of Directors and taken or approved by the affirmative vote of stockholders holders of Shares entitled to cast a majority of all the votes entitled to be cast on the matter.

Appears in 2 contracts

Samples: Merger Agreement (Kranzco Realty Trust), Merger Agreement (Cv Reit Inc)

Extraordinary Actions. Except as specifically provided in Section 5.8 and Article VIII, notwithstanding Notwithstanding any provision of law permitting or requiring any action to be taken or approved by the affirmative vote of stockholders Stockholders entitled to cast a greater number of votes, any such action shall be effective and valid if declared advisable by the Board of Directors and taken or approved by the affirmative vote of stockholders Stockholders entitled to cast a majority of all the votes entitled to be cast on the matter.

Appears in 1 contract

Samples: Merger Agreement (Carey Watermark Investors 2 Inc)

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Extraordinary Actions. Except as specifically provided in Section 5.8 5.2 (relating to removal of Trustees) and Article VIIISection 12.3, notwithstanding any provision of law permitting or requiring any action to be taken or approved authorized by the affirmative vote of stockholders shareholders entitled to cast a greater number of votes, any such action shall be effective and valid if declared advisable advised by the Board of Directors Trustees and taken or approved by the affirmative vote of stockholders holders of Shares entitled to cast a majority of all the votes entitled to be cast on the matter.

Appears in 1 contract

Samples: Equity Investor Agreement (Americold Realty Trust)

Extraordinary Actions. Except as specifically provided in Section 5.8 and Article VIII, notwithstanding Notwithstanding any provision of law permitting or requiring any action to be taken or approved by the affirmative vote of stockholders entitled to cast a greater number of votes, any such action shall be effective and valid if declared advisable by the Board of Directors and taken or approved by the affirmative vote of stockholders entitled to cast a majority of all the votes entitled to be cast on the matter.

Appears in 1 contract

Samples: Merger Agreement (Mobile Infrastructure Corp)

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