WICOR Shareholders Sample Clauses
The 'WICOR Shareholders' clause defines who qualifies as a shareholder of WICOR within the context of the agreement. It typically lists or references the individuals or entities that hold shares in WICOR, specifying their rights, obligations, or roles under the contract. This clause ensures clarity regarding which parties are considered shareholders for the purposes of voting, receiving distributions, or participating in corporate actions, thereby preventing disputes over shareholder status and associated rights.
WICOR Shareholders. WICOR Shareholders" shall mean all Persons ------------------ owning shares of WICOR Common Stock on the relevant date.
WICOR Shareholders. (i) WICOR shall, as soon as reasonably practicable: (A) take all steps necessary duly to call, give notice of, convene and hold the WICOR Special Meeting; (B) distribute the Proxy Statement, which shall also constitute the prospectus of Wisconsin Energy included in the Registration Statement, to the WICOR Shareholders in accordance with applicable Federal and state Law and its Articles of Incorporation and Bylaws; (C) subject to the provisions of Section 3.2(a)(ii) of this Agreement, recommend to the WICOR Shareholders the approval of this Agreement and the transactions contemplated by this Agreement and such other matters as may be submitted to the WICOR Shareholders in connection with this Agreement; and (D) fully cooperate and consult with Wisconsin Energy with respect to each of the foregoing matters.
(ii) The Board of Directors of WICOR shall be permitted to not recommend to the WICOR Shareholders that the WICOR Shareholders approve this Agreement and the transactions contemplated by this Agreement or withdraw or modify in a manner adverse to Wisconsin Energy the recommendation of the Board of Directors of WICOR if and only if: (A) the Board of Directors of WICOR determines in its good faith judgment that it is advisable to so withdraw or modify its recommendation to comply with its fiduciary duties under applicable Law after consultation with outside legal counsel; and (B) WICOR and the WICOR Advisors have complied with their obligations and agreements set forth in Section 3.9(c) of this Agreement.