Stockholders' Right to Call Meeting. If any meeting of the Holders required by this subparagraph (b) to be called shall not have been called within 10 days after personal service of a written request therefor upon the Clerk of the Corporation or within 15 days after mailing the same within the United States of America by registered mail addressed to the Clerk of the Corporation at its principal office, subject to any applicable notice requirements imposed by law or any national securities exchange on which any Convertible Preferred Stock is then listed, then the Holders of record of at least 25% of the then outstanding shares of the Convertible Preferred Stock may designate in writing a Holder of the Convertible Preferred Stock to call such meeting at the reasonable expense of the Corporation, and such meeting may be called by such Person so designated upon the notice required for annual meetings of stockholders or such shorter notice (but in no event shorter than permitted by law or any national securities exchange on which the Convertible Preferred Stock is then listed) as may be acceptable to the Majority Holders. Any Holder of Convertible Preferred Stock so designated shall have reasonable access to the stock books of the Corporation relating solely to the Convertible Preferred Stock for the purpose of causing such meeting to be called pursuant to these provisions.
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Samples: Preferred Stock Subscription Agreement (Asc East Inc), Preferred Stock Subscription Agreement (American Skiing Co /Me)
Stockholders' Right to Call Meeting. If any meeting of the Holders required by this subparagraph paragraph (b) to be called shall not have been called within 10 days after personal service of a written request therefor upon the Clerk Secretary of the Corporation or within 15 days after mailing the same within the United States of America by registered mail addressed to the Clerk Secretary of the Corporation at its principal office, subject to any applicable notice requirements imposed by law or any national securities exchange on which any Convertible Series C-2 Preferred Stock is then listed, then the Holders of record of at least 25% of the then outstanding shares of the Convertible Series C-2 Preferred Stock may designate in writing a Holder of the Convertible Series C-2 Preferred Stock to call such meeting at the reasonable expense of the Corporation, and such meeting may be called by such Person so designated upon the notice required for annual meetings of stockholders or such shorter notice (but in no event shorter than permitted by law or any national securities exchange on which the Convertible Series C-2 Preferred Stock is then listed) as may be acceptable to the Majority Holders. Any Holder of Convertible Series C-2 Preferred Stock so designated shall have reasonable access to the stock books of the Corporation relating solely to the Convertible Series C-2 Preferred Stock for the purpose of causing such meeting to be called pursuant to these provisions.
Appears in 1 contract
Samples: Securities Purchase Agreement (American Skiing Co /Me)
Stockholders' Right to Call Meeting. If any meeting of the Holders required by this subparagraph paragraph (b) to be called shall not have been called within 10 days after personal service of a written request therefor upon the Clerk Secretary of the Corporation or within 15 days after mailing the same within the United States of America by registered mail addressed to the Clerk Secretary of the Corporation at its principal office, subject to any applicable notice requirements imposed by law or any national securities exchange on which any Convertible Series D Preferred Stock is then listed, then the Holders of record of at least 25% of the then outstanding shares of the Convertible Series D Preferred Stock may designate in writing a Holder of the Convertible Series D Preferred Stock to call such meeting at the reasonable expense of the Corporation, and such meeting may be called by such Person so designated upon the notice required for annual meetings of stockholders or such shorter notice (but in no event shorter than permitted by law or any national securities exchange on which the Convertible Series D Preferred Stock is then listed) as may be acceptable to the Majority Holders. Any Holder of Convertible Series D Preferred Stock so designated shall have reasonable access to the stock books of the Corporation relating solely to the Convertible Series D Preferred Stock for the purpose of causing such meeting to be called pursuant to these provisions.
Appears in 1 contract
Samples: Securities Purchase Agreement (American Skiing Co /Me)