Shareholders' Agreements · glossary
The trigger for the deadlock steps in clause 6. It happens when a reserved matter is refused at two board meetings at least 20 business days apart. It also happens when a board meeting and its adjourned meeting both have no A Director, or no B Director, present. Definition: Deadlock Event · Clause 6.1 · Chapter 5
Explained in Chapter 5, Deadlock, of Shareholders' Agreements.
If the adjourned meeting has no quorum either, it is dissolved. Under clause 6.1(b), the two empty meetings together are a Deadlock Event. Chapter 5 explains what follows.Read Chapter 3, The Board →
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an event described in clause 6.1;Read the definition in the document →
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