Excess Voting Power

Excess Voting Power. (as calculated, from time to time, as required by this Agreement) means the aggregate percentage voting power represented by the Liberty Shares of the voting power of the Common Stock issued and outstanding on the record date for the determination of stockholders entitled to receive notice of, and to vote at, any DIRECTV Stockholders' Meeting, or in any other circumstances upon which a vote, consent or other approval (including, without limitation, by written consent) is required, on the date... of such vote, consent or approval, less the Maximum Percentage. For purposes of this Agreement, the number of Liberty Shares that represent Excess Voting Power at any time shall be equal to the product of (i) the percentage amount at such time, determined as provided above, multiplied by (ii) the number of shares of Common Stock issued and outstanding at such time. View More