Examples of Charter Proposal in a sentence
The approval of the Charter Proposal requires a special resolution under Cayman Islands law, being the affirmative vote of at least a two-thirds (2/3) majority of the votes cast by the holders of the issued ordinary shares present in person or represented by proxy at the Extraordinary General Meeting and entitled to vote on such matter at the Extraordinary General Meeting.
In addition, Charter Proposal B will be subject to the vote of the affirmative vote of holders of a majority of the outstanding shares of Fusion Class A Common Stock, voting as a class.
In each case, the Zoning Administrator shall maintain a written record of such determinations.
The Organizational Documents Proposals are conditional upon the Charter Proposal; the Adjournment Proposal is not conditioned on the approval of any other Proposal.
These separate votes are not otherwise required by Delaware law, separate and apart from the Charter Proposal, but are required by SEC guidance requiring that stockholders have the opportunity to present their views on important corporate governance provisions.