Requisite Shareholder Approval definition
Requisite Shareholder Approval shall have the meaning set forth in Section 4.3(a).
Requisite Shareholder Approval means the affirmative vote of a majority of the outstanding shares of the Company’s Voting Stock (voting together as a single class) and the affirmative vote of a majority of the outstanding shares of Common Stock (voting separately as a single class), in each case approving the amendment of the Company’s amended and restated articles of incorporation to increase the number of authorized shares of Common Stock to 150,000,000 shares.
Requisite Shareholder Approval means the affirmative vote of a majority of the outstanding shares of the Preferred Stock and the Common Stock (voting together as a single class) and the affirmative vote of a majority of the outstanding shares of Common Stock (voting separately as a single class), in each case approving the Authorized Shares Amendment.
Examples of Requisite Shareholder Approval in a sentence
Subject to the receipt of the Requisite Shareholder Approval (as defined in the Business Combination Agreement), the Target has all requisite corporate power and authority to execute and deliver this Agreement and each Transaction Document to which it is or is required to be a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby.
More Definitions of Requisite Shareholder Approval
Requisite Shareholder Approval means the affirmative approval of the Transactions by the holders of a majority of the vote cast at the Shareholders Meeting at which a quorum is present.
Requisite Shareholder Approval has the meaning set forth in Section 6.08(B).
Requisite Shareholder Approval means the shareholder approval contemplated by Nasdaq Listing Standard Rule 5635 with respect to the issuance of Common Shares upon conversion of the Series A Preferred Shares in excess of the limitations imposed by such rule; provided that the Requisite Shareholder Approval will be deemed to be obtained if such shareholder approval is no longer required for the Company to settle all conversions of the Series A Preferred Shares into Common Shares without regard to such limitations (whether due to the transactions contemplated by the Investment Agreement not exceeding any of the limitations imposed by such rule, any amendment or binding change in the interpretation of the applicable listing standards of Nasdaq, or otherwise).
Requisite Shareholder Approval has the meaning ascribed thereto in Section 2.2(iii);
Requisite Shareholder Approval shall have the meaning given to it in Section 3.02(a).
Requisite Shareholder Approval shall have the meaning assigned in the Certificate of Designations for the Preference Shares.
Requisite Shareholder Approval means the affirmative vote of the holders of the requisite number of shares of Company Stock necessary to approve the Merger pursuant to the DGCL and the laws of the State of Incorporation.