Common use of Meaning of Extraordinary Resolution Clause in Contracts

Meaning of Extraordinary Resolution. (1) The expression “Extraordinary Resolution” when used in this Indenture means, subject as hereinafter provided in this Section 9.11 and in Section 9.14, a resolution (i) passed at a meeting of the holders of Warrants duly convened for that purpose and held in accordance with the provisions of this Article IX at which there are holders of Warrants present in person or represented by proxy representing at least 25% of the aggregate number of all the then outstanding Warrants and passed by the affirmative vote of Warrantholders representing not less than 66 2/3% of the aggregate number of all the then outstanding Warrants represented at the meeting and voted on the poll upon such resolution; or (ii) adopted by an instrument in writing signed by the holders of Warrants representing not less than 66 2/3% percent of the aggregate number of all the then outstanding Warrants.

Appears in 4 contracts

Samples: Warrant Indenture, Warrant Indenture (Titan Medical Inc), Warrant Indenture (Titan Medical Inc)

AutoNDA by SimpleDocs

Meaning of Extraordinary Resolution. (1a) The expression "Extraordinary Resolution" when used in this Indenture means, subject as hereinafter provided in this Section 9.11 7.11 and in Section 9.147.14, a resolution (i) passed proposed at a meeting of the holders of Warrants Registered Warrantholders duly convened for that purpose and held in accordance with the provisions of this Article IX 7 at which there are holders of Warrants present in person or represented by proxy representing Registered Warrantholders holding at least 2520% of the aggregate number of all the then outstanding Warrants and passed by the affirmative vote votes of Registered Warrantholders representing holding not less than 66 2/3% of the aggregate number of all the then outstanding Warrants represented at the meeting and voted on the poll upon such resolution; or (ii) adopted by an instrument in writing signed by the holders of Warrants representing not less than 66 2/3% percent of the aggregate number of all the then outstanding Warrants.

Appears in 2 contracts

Samples: Organigram Holdings Inc., Organigram Holdings Inc.

Meaning of Extraordinary Resolution. (1) The expression "Extraordinary Resolution" when used in this Indenture means, subject as hereinafter provided in this Section 9.11 7.11 and in Section 9.147.14, a resolution (i) passed proposed at a meeting of the holders of Warrants Registered Warrantholders duly convened for that purpose and held in accordance with the provisions of this Article IX 7 at which there are holders of Warrants present in person or represented by proxy representing Registered Warrantholders holding at least 2510% of the aggregate number of all the then unexercised and outstanding Warrants and passed by the affirmative vote votes of Registered Warrantholders representing holding not less than 66 2/3% of the aggregate number of all the then unexercised and outstanding Warrants represented at the meeting and voted on the poll upon such resolution; or (ii) adopted by an instrument in writing signed by the holders of Warrants representing not less than 66 2/3% percent of the aggregate number of all the then outstanding Warrants.

Appears in 2 contracts

Samples: sedar-filings-backup.thecse.com, webfiles.thecse.com

AutoNDA by SimpleDocs

Meaning of Extraordinary Resolution. (1) The expression “Extraordinary Resolution” when used in this Indenture means, subject as hereinafter provided in this Section 9.11 and in Section 9.14, a resolution (i) passed at a meeting of the holders of Warrants duly convened for that purpose and held in accordance with the provisions of this Article IX at which there are holders of Warrants present in person or represented by proxy representing at least 25% of the aggregate number of all the then outstanding Warrants and passed by the affirmative vote of Warrantholders representing not less than 66 2/3% of the aggregate number of all the then outstanding Warrants represented at the meeting and voted on the poll upon such resolution; or (ii) adopted by an instrument in writing signed by the holders of Warrants representing not less than 66 2/3% percent of the aggregate number of all the then outstanding Warrants.or

Appears in 2 contracts

Samples: Warrant Indenture, Warrant Indenture

Time is Money Join Law Insider Premium to draft better contracts faster.