Common use of Quorum for decision Clause in Contracts

Quorum for decision. In the Prior Meeting, one vote shall be attributed to each Bound Share owned by the respective Stockholder. For the approval of any matter, the affirmative vote of stockholders representing at least 50.01% (fifty point zero one per cent) of the Bound Shares shall be required (subject to the provision of Clause 4.2(j)).

Appears in 3 contracts

Samples: Stockholders’ Agreement, Stockholders’ Agreement, Stockholders’ Agreement

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Quorum for decision. In the Prior Meeting, one vote shall be attributed to each Bound Share owned by the respective related Stockholder. For the approval of any matter, matter the affirmative vote of stockholders Stockholders representing at least 50.01% (fifty point zero one per centpercent) of the Bound Shares shall be required (subject to the provision provisions of Clause 4.2(j))) shall be required.

Appears in 2 contracts

Samples: Stockholders’ Agreement, Stockholders’ Agreement

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