Meaning of Extraordinary Resolution. (a) The expression "extraordinary resolution" when used in this Agreement means, subject as hereinafter provided in this Section 7.11 and in Section 7.14, a resolution proposed at a meeting of Receiptholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy at least two (2) Receiptholders holding more than 25% of the then outstanding Subscription Receipts and passed by the affirmative votes of Receiptholders holding not less than 66 2/3% of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
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Samples: Spark, Subscription Receipt Agreement, www.otcmarkets.com
Meaning of Extraordinary Resolution. (a) The expression "“extraordinary resolution" ” when used in this Agreement means, subject as hereinafter provided in this Section 7.11 and in Section 7.14, a resolution proposed at a meeting of Receiptholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy at least two (2) Receiptholders holding more than 25% of the then outstanding Subscription Receipts and passed by the affirmative votes of Receiptholders holding not less than 66 2/3% of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
Appears in 2 contracts
Samples: Subscription Receipt Agreement (Obsidian Energy Ltd.), Subscription Receipt Agreement (Canetic Resources Trust)
Meaning of Extraordinary Resolution. (a) The expression "“extraordinary resolution" ” when used in this Agreement means, subject as hereinafter provided in this Section 7.11 8.11 and in Section 7.148.14, a resolution proposed at a meeting of Subscription Receiptholders duly convened for that purpose and held in accordance with the provisions of this Article 7 VII at which there are present in person or by proxy at least two (2) Subscription Receiptholders holding more not less than 25% of the then outstanding Subscription Receipts and passed by the affirmative votes of Subscription Receiptholders holding not less than 66 2/3% two-thirds of the aggregate number of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
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Samples: Subscription Receipt Agreement (Postmedia Network Canada Corp.), Subscription Receipt Agreement (Catalyst Paper Corp)
Meaning of Extraordinary Resolution. (a) The expression "extraordinary resolutionEXTRAORDINARY RESOLUTION" when used in this Agreement means, subject as hereinafter provided in this Section 7.11 and in Section 7.14Article provided, a resolution proposed to be passed as an Extraordinary Resolution at a meeting of Receiptholders (including an adjourned meeting) duly convened for that the purpose and held in accordance with the provisions of this Article 7 at which there the holders of not less than 25% of the Subscription Receipts then outstanding are present in person or by proxy at least two (2) Receiptholders holding more than 25% of the then outstanding Subscription Receipts and passed by the affirmative favorable votes of Receiptholders holding the holders of not less than 66 2/3% of the then outstanding Subscription Receipts represented at the meeting and voted on the a poll upon such resolution.
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Samples: Subscription Receipt Agreement (Australian Canadian Oil Royalties LTD)
Meaning of Extraordinary Resolution. (a) The expression "extraordinary resolution" when used in this Agreement means, subject as hereinafter provided in this Section 7.11 and in Section 7.14, a resolution proposed at a meeting of Subscription Receiptholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy at least two (2) Subscription Receiptholders holding more not less than 25% of the then outstanding Subscription Receipts and passed by the affirmative votes of Subscription Receiptholders holding not less than 66 2/3% of the aggregate number of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
Appears in 1 contract
Samples: Subscription Receipt Agreement
Meaning of Extraordinary Resolution. (a) The expression "extraordinary resolution" when used in this Agreement means, subject as hereinafter provided in this Section 7.11 and in Section 7.14, a resolution proposed at a meeting of Receiptholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy at least two (2) Receiptholders holding more than 2510% of the then outstanding Subscription Receipts and passed by the affirmative votes of Receiptholders holding not less than 66 2/3% of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Harvest Energy Trust)
Meaning of Extraordinary Resolution. (a) The expression "extraordinary resolution" “Extraordinary Resolution” when used in this Agreement means, subject as hereinafter provided in this Section 7.11 and in Section 7.14, a resolution proposed at a meeting of Receiptholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy at least two (2) Receiptholders holding more than 25% of the then outstanding Subscription Receipts and passed by the affirmative votes of Receiptholders holding not less than 66 2/3% of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon on such resolution.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Engine Gaming & Media, Inc.)
Meaning of Extraordinary Resolution. (a) The expression "“extraordinary resolution" ” when used in this Agreement means, subject as hereinafter provided in this Section 7.11 and in Section 7.14, a resolution proposed at a meeting of Subscription Receiptholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy at least two (2) Subscription Receiptholders holding more not less than 25% of the then outstanding Subscription Receipts and passed by the affirmative votes of Subscription Receiptholders holding not less than 66 2/3% two thirds of the aggregate number of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Response Biomedical Corp)
Meaning of Extraordinary Resolution. (a) The expression "“extraordinary resolution" ” when used in this Agreement means, subject as hereinafter provided in this Section 7.11 8.11 and in Section 7.148.14, a resolution proposed at a meeting of Receiptholders holders duly convened for that purpose and held in accordance with the provisions of this Article 7 8 at which there are present in person or by proxy at least two (2) Receiptholders holding more holders representing not less than 2520% of the then outstanding Subscription Receipts and passed by the affirmative votes of Receiptholders holding holders representing not less than 66 2/3% 66⅔% of the aggregate number of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
Appears in 1 contract
Samples: Subscription Receipt Agreement
Meaning of Extraordinary Resolution. (a) The expression "extraordinary resolution" “Extraordinary Resolution” when used in this Agreement means, subject as hereinafter provided in this Section 7.11 and in Section 7.14, a resolution proposed at a meeting of Receiptholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy at least two (2) one or more Receiptholders holding more than 25% of the then outstanding Subscription Receipts and passed by the affirmative votes of Receiptholders holding not less than 66 2/3% of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Canetic Resources Trust)
Meaning of Extraordinary Resolution. (a) The expression "“extraordinary resolution" ” when used in this Agreement means, subject as hereinafter provided in this Section 7.11 8.11 and in Section 7.148.14, a resolution proposed at a meeting of Receiptholders holders duly convened for that purpose and held in accordance with the provisions of this Article 7 8 at which there are present in person or by proxy at least two (2) Receiptholders holding more holders representing not less than 2520% of the then outstanding Subscription Receipts and passed by the affirmative votes of Receiptholders holding holders representing not less than 66 2/3662/3% of the aggregate number of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
Appears in 1 contract
Meaning of Extraordinary Resolution. (a) The expression "“extraordinary resolution" ” when used in this Agreement means, subject as hereinafter provided in this Section 7.11 and in Section 7.14, a resolution proposed at a meeting of Receiptholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy at least two (2) Receiptholders holding in aggregate more than 25% of the then outstanding Subscription Receipts and passed by the affirmative votes of Receiptholders holding not less than 66 2/3% of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
Appears in 1 contract
Samples: Subscription Receipt Agreement (Baytex Energy Corp.)
Meaning of Extraordinary Resolution. (a) The expression "“extraordinary resolution" ” when used in this Agreement means, subject as hereinafter provided in this Section 7.11 8.11 and in Section 7.148.14, a resolution proposed at a meeting of Subscription Receiptholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in person or by proxy at least two (2) Subscription Receiptholders holding more not less than 2510% of the then outstanding Subscription Receipts and passed by the affirmative votes of Subscription Receiptholders holding not less than 66 2/3% two-thirds of the aggregate number of the then outstanding Subscription Receipts represented at the meeting and voted on the poll upon such resolution.
Appears in 1 contract
Samples: Subscription Receipt Agreement