Shareholder Approval of Exchange. shall hold a special meeting of the shareholders of within 60 days of the date hereof, or at such other date that Broadridge Financial Solutions, Inc. recommends for timely processing of materials for the special meeting, at which shall present to its shareholders a proposal for approval of the Exchange. In the event the Exchange is not approved at such shareholder meeting, shall hold an additional shareholder meeting, within 90 days of the first such shareholder meeting, at which shall present to shareholders a proposal for approval of the Exchange. Until such time as the Exchange is approved by shareholders of , shall continue to hold shareholder meetings, each held within 90 days of the prior shareholder meeting. In the event that the Exchange has not been approved by shareholders of within 60 days of the date hereof as a result of gross negligence by (the “Shareholder Approval Deadline”), then, in addition to any other rights may have hereunder or under applicable law, shall pay to on each 45-day anniversary of the Shareholder Approval Deadline (if such shareholder approval has not been obtained) until such shareholder approval has been obtained as partial liquidated damages and not as a penalty, equal to 1.0% of the aggregate Stated Value (as defined in the Certificate of Designations) of the Series L Preferred Shares for each month past the Shareholder Approval Deadline that the shareholder approval has not been obtained (pro-rated for any partial month in which such shareholder approval has not been obtained), provided, however, shall not pay to more than 12.0% of the aggregate Stated Value (as defined in the Certificates of Designations) of the Series L Preferred Shares pursuant to this Agreement.
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