WEIGHTED MAJORITY PROVISIONS Sample Clauses

WEIGHTED MAJORITY PROVISIONS. The affirmative vote of more than 50% of the board, and the affirmative vote of more than 50% of the shareholders shall be required to approve each of the following actions (provided, however, that so long as Sofinov holds at least 30% of the outstanding common stock of the Corporation, Sofinov, as a shareholder, and the representative(s) of Sofinov in his/her position(s) on the board, must approve each of the following actions): (a) Any changes to the fundamental nature of the Corporation or the business carried on by it; (b) The transfer or other disposition of all or any substantial portion of the assets of the Corporation or any portion of its interests in another company; (c) The acquisition of an interest in any other corporation, partnership, firm or business; (d) Any agreement, or modification of an existing agreement, relating to dealings between the Corporation and any of its shareholders or Directors, or affiliates of such shareholders or Directors; (e) The issuance of any shares of capital stock, or any debt obligations or other instruments convertible into capital stock of the Corporation, or the redemption of any outstanding capital stock of the Corporation; (f) Any changes in the charter documents of the Corporation; (g) Any assignment by the Corporation for the benefit of its creditors or the voluntary filing by the Corporation of any plan of reorganization;