Deadlock Matters definition
Examples of Deadlock Matters in a sentence
All Strategic Decisions and Deadlock Matters (each as defined in Article 8 of the Stockholders’ Agreement) shall be made and resolved as provided in the Stockholders’ Agreement.
The Deadlock Meeting shall only be taken to be constituted where the authorised representatives of the Shareholders are present, and the Deadlock Meeting shall only be entitled to resolve upon the Deadlock Matters unanimously.
Subject to Clause 6.9(A)(i) (Deadlock Matters) with respect to Related Party Matters and Clause 9 (Reserved Matters) with respect to Board Reserved Matters, resolutions of the Board shall be decided by a simple majority of the votes cast, for which purpose each Director that is present (or duly represented at the relevant meeting by a Proxy Director) shall have one vote.
Deadlock Matters in respect of the Operating Committee will be referred to the Board of Directors for consideration.
Any Board Reserved Matter(s) escalated to the general meeting from time to time in accordance with Clause 6.9(B) (Deadlock Matters) or Clause 8.1(B)(ii) (Conflicts of Interests).
Save only as provided for in Clause 6.9(A)(i) (Deadlock Matters), neither the Chairperson, any presiding chairperson nor any other Director shall have a casting vote on any proposed resolution of the Board.