Requisite Stockholder Approval definition

Requisite Stockholder Approval means the affirmative vote of the holders of a majority of that company’s issued and outstanding shares entitled to vote on the Merger actually voting in favor of this Agreement and the Merger.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Requisite Stockholder Approval means the approval by the holders of Common Stock of the Company for the issuance of shares of Common Stock in excess of the Share Cap in accordance with the rules of The Nasdaq Stock Market LLC.

Requisite Stockholder Approval has the meaning set forth in Section 3.2.

Examples of Requisite Stockholder Approval in a sentence

For the avoidance of doubt, the adjustments provided in this Section 7.7 may not result in the Holders exceeding the Beneficial Ownership Limitation or, until such time as the Requisite Stockholder Approval has been obtained, the Conversion Share Cap per share of Series C Convertible Preferred Stock.
The execution and delivery of a written consent by the Supporting Stockholders in the form attached hereto as Exhibit D (the “Written Consent”) adopting this Agreement and approving the transactions contemplated hereby, including the Mergers, in accordance with the DGCL, will satisfy the Requisite Stockholder Approval.
The parties agree to cooperate reasonably to obtain the Requisite Stockholder Approval (as defined in the Certificate of Designations or respective Existing Certificates of Designations) with respect to the Convertible Preferred Stock and the Company’s Series A and Series B convertible preferred stock no later than 18 months following the Closing.
For the avoidance of doubt, the voting power of the Holders of Series C Convertible Preferred Stock is subject to Section 6.2, unless the Corporation shall have obtained the Requisite Stockholder Approval.
Notwithstanding anything to the contrary herein, the number of shares of Common Stock deliverable per share of Series C Convertible Preferred Stock upon conversion, redemption or repurchase of the Series C Convertible Preferred Stock shall not exceed the Conversion Share Cap unless the Corporation shall have obtained the Requisite Stockholder Approval.

More Definitions of Requisite Stockholder Approval

Requisite Stockholder Approval shall have the meaning set forth in Section 4.20.

Requisite Stockholder Approval means the affirmative vote of a majority of the votes cast at a regular or special meeting of the stockholders of the Corporation (at which a quorum is present), in accordance with the NYSE listing rules for the approval of the conversion and the voting of Excess Conversion Shares as provided for in this Certificate without limitation.

Requisite Stockholder Approval has the meaning set forth in Section 5.13 hereof.

Requisite Stockholder Approval means the stockholder approval contemplated by the Nasdaq listing rules with respect to the issuance of shares of Common Stock upon conversion of the Convertible Preferred Stock in excess of the limitations imposed by such rule; provided, however, that the Requisite Stockholder Approval will be deemed to be obtained if, due to any amendment or binding change in the interpretation of the applicable listing standards of The Nasdaq Stock Market, such stockholder approval is no longer required for the Company to settle all conversions of the Convertible Preferred Stock in shares of Common Stock without regard to Section 10(h).

Requisite Stockholder Approval means the stockholder approval contemplated by NASDAQ listing rule 5635 (or its successor) with respect to the issuance of shares of Common Stock upon conversion of the Series A Preferred Stock in excess of the limitations imposed by such rule.

Requisite Stockholder Approval means the stockholder approval contemplated by NASDAQ Listing Standard Rule 5635(d) with respect to the issuance of shares of Common Stock upon exercise of the Warrants in excess of the limitations imposed by such rule; provided, however, that the Requisite Stockholder Approval will be deemed to be obtained if, due to any amendment or binding change in the interpretation of the applicable listing standards of The NASDAQ Stock Market LLC, such stockholder approval is no longer required for the Company to effect any adjustment pursuant to Section 9(c).

Requisite Stockholder Approval means the adoption of this Agreement and the approval of the Merger by a two-thirds vote of all the holders of Company Shares entitled to vote on this Agreement and the Merger as set forth in Section 3-105(e) of the MGCL.