Common use of General Voting Provisions Clause in Contracts

General Voting Provisions. Subject to the provisions of Section 1.3(b) below, prior to the HSR Clearance Date, no Stockholder shall have the right to convert Preferred Stock into common stock or the right to vote any Equity Securities with respect to the election of directors of the Company or on any other matters submitted to a vote of the stockholders of the Company (other than those matters set forth in Section 1.3(b) below). Following the HSR Clearance Date, each Stockholder shall have the right to vote its Equity Securities to the extent permitted by the terms thereof on any matters submitted to a vote of the stockholders of the Company (including, without limitation, those matters set forth in Section 1.3(b) below); provided that following the HSR Clearance Date any Stockholder shall have the right to vote any Equity Securities to the extent permitted by the terms thereof with respect to the election of directors of the Company only (i) as recommended by the Board of Directors or management of the Company or (ii) in the same proportions as the holders of Equity Securities (other than Stockholders) vote their Securities. On each matter with respect to which a Stockholder is entitled to vote pursuant to this Section 1.3, each such Stockholder shall be present, in person or represented by proxy, at all such stockholder meetings of the Company so that all Equity Securities beneficially owned by it shall be counted for the purpose of determining the presence of a quorum at such meetings. For purposes of this Section 1.3, all references to the term "vote" shall include the execution and delivery of any written consent with respect to the taking of any stockholder action in lieu of a meeting of stockholders.

Appears in 3 contracts

Samples: Stockholders Agreement (Loral Corp /Ny/), Stockholders Agreement (Lockheed Martin Corp), Stockholders Agreement (Lockheed Martin Corp)

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General Voting Provisions. Subject to the provisions of Section 1.3(b) below, prior Prior to the HSR Clearance Date, no Stockholder Shareholder shall have the right to convert Preferred Stock into common stock or the right to vote any Equity Securities with respect to the election of directors of the Company or on any other matters submitted to a vote of the stockholders of the Company (other than those matters set forth in Section 1.3(b) below)Company. Following the HSR Clearance Date, each Stockholder Shareholder shall have the right to vote its Equity Securities to the extent permitted by the terms thereof on any matters submitted to a vote of the stockholders shareholders of the Company (includingCompany, without limitation, those matters set forth in Section 1.3(b) below); provided that following the HSR Clearance Date any Stockholder Shareholder shall have the right to vote any Equity Securities to the extent permitted by the terms thereof with respect to the election of directors of the Company without restriction, provided that in the event of an "election contest" (as such term is used in Rule 14a-11 under the Exchange Act) each Shareholder shall have the right to vote in the election contest only (i) as recommended by the Board of Directors or management of the Company or (ii) in the same proportions as the holders of Equity Securities (other than StockholdersShareholders) vote their Equity Securities. On each matter with respect to which a Stockholder Shareholder is entitled to vote pursuant to this Section 1.3, each such Stockholder Shareholder shall be present, in person or represented by proxy, at all such stockholder shareholder meetings of the Company so that all Equity Securities beneficially owned by it shall be counted for the purpose of determining the presence of a quorum at such meetings. For purposes of this Section 1.3, all references to the term "vote" shall include the execution and delivery of any written consent with respect to the taking of any stockholder shareholder action in lieu of a meeting of stockholdersshareholders.

Appears in 1 contract

Samples: Shareholders Agreement (Loral Space & Communications LTD)

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General Voting Provisions. Subject to the provisions of Section 1.3(b) below, prior Prior to the HSR Clearance Date, no Stockholder shall have the right to convert Preferred Stock into common stock or the right to vote any Equity Securities with respect to the election of directors of the Company or on any other matters submitted to a vote of the stockholders of the Company (other than those matters set forth in Section 1.3(b) below)Company. Following the HSR Clearance Date, each Stockholder shall have the right to vote its Equity Securities to the extent permitted by the terms thereof on any matters submitted to a vote of the stockholders Shareholders of the Company (includingCompany, without limitation, those matters set forth in Section 1.3(b) below); provided that following the HSR Clearance Date any Stockholder shall have the right to vote any Equity Securities to the extent permitted by the terms thereof with respect to the election of directors of the Company without restriction, provided that, except as expressly provided in Section 1.7, in the event of an "election contest" (as such term is used in Rule 14a-11 under the Exchange Act) each Stockholder shall have the right to vote in the election contest only (i) as recommended by the Board of Directors or management of the Company or (ii) in the same proportions as the holders of Equity Securities (other than StockholdersShareholders) vote their Securities. On each matter with respect to which a Stockholder is entitled to vote pursuant to this Section 1.3, each such Stockholder shall be present, in person or represented by proxy, at all such stockholder meetings of the Company so that all Equity Securities beneficially owned by it shall be counted for the purpose of determining the presence of a quorum at such meetings. For purposes of this Section 1.3, all references to the term "vote" shall include the execution and delivery of any written consent with respect to the taking of any stockholder shareholder action in lieu of a meeting of stockholdersshareholders.

Appears in 1 contract

Samples: Shareholders Agreement (Loral Space & Communications LTD)

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