Examples of Sale Proposal in a sentence
The Asset Sale Proposal will be approved by NTN’s stockholders if a majority of the outstanding shares of NTN common stock entitled to vote on this proposal vote “FOR” this proposal.
The Asset Sale is subject to various closing conditions including stockholder approval of the Asset Sale Proposal as required under applicable law.
If, at the special meeting, the NTN board of directors determines that it is necessary to seek to adjourn the special meeting to seek additional proxies to approve the Merger Share Issuance Proposal, the Reverse Stock Split Proposal, the Increase in Authorized Shares Proposal, the Series A Voting Rights Proposal, or the Asset Sale Proposal, then the NTN board of directors will move to vote on the Adjournment Proposal.
The board unanimously recommends that NTN stockholders vote “FOR” the Merger Share Issuance Proposal, the Asset Sale Proposal and each of the other proposals described herein.
Section 7.2.1(a) Sale Proposal...............................................................................................