Supervisory Board Reserved Matters Sample Clauses

Supervisory Board Reserved Matters. Subject to Clause 9.6, the Shareholders shall, to the extent permitted by Applicable Laws, exercise all voting rights and other powers of control available to them in relation to the Company to procure that the Management Board shall not take any action or decision, and that no Group Company shall take any action or decision in relation to any of the matters specified in Clause 9.2 (the "Supervisory Board Reserved Matters") without the prior written approval of two (2) Supervisory Directors appointed by two (2) different Shareholders (one of which must be a Supervisory Director appointed by Titan) in a meeting where all Supervisory Directors (subject to the provisions of Clause 7.12) are present or represented provided that in respect of the Deadlock Supervisory Board Reserved Matters, an affirmative vote of one (1) Supervisory Director appointed by each of the Shareholders shall be required to vote in favour of the relevant matter.