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: Limited Liability Company Agreement (NorthStar Real Estate Income II, Inc.), Limited Liability Company Agreement (Colony NorthStar, Inc.), Limited Liability Company Agreement (NorthStar Real Estate Income II, Inc.)

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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: Employment Agreement (Kranzco Realty Trust), Employment Agreement (Cv Reit Inc)

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: Agreement and Plan of Merger (Comtech Telecommunications Corp /De/), Agreement and Plan of Merger (Telecommunication Systems Inc /Fa/)

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: Support Agreement (Mobile Infrastructure Corp)

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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: Agreement and Plan of Merger (Carey Watermark Investors 2 Inc)

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