Examples of Adjournment Proposal in a sentence
Approval of the Crescent Adjournment Proposal by the Crescent stockholders requires the holders of a majority of the shares of Crescent Class A Common Stock and Crescent Class B Common Stock, voting together as a single class.
At the SilverBow Special Meeting, SilverBow stockholders will be asked to consider and vote on the following: • the SilverBow Merger Proposal; • the SilverBow Advisory Compensation Proposal; and • the SilverBow Adjournment Proposal.
Abstentions, the failure of any Crescent stockholder to vote and broker non-votes, if any, will have the effect of a vote “AGAINST” the Crescent Adjournment Proposal.
Completion of the Mergers is conditioned on approval by SilverBow stockholders of the SilverBow Merger Proposal, but not on approval by SilverBow stockholders of the SilverBow Advisory Compensation Proposal or the SilverBow Adjournment Proposal.
Approval of the Crescent Adjournment Proposal is not a condition to the obligation of either SilverBow or Crescent to complete the Mergers.