MAJORITY HOLDER Clause Samples
MAJORITY HOLDER. Any Holder, any holder of Option Securities, or any combination of Holders and such holders of Option Securities; and any Holder of Share Options, any holder of Share Option Securities, or any combination of such Holders and such holders of Share Option Securities, if they hold, in the aggregate, unexercised Options plus issued and outstanding Option Securities equal to more than 50% of the total of (i) all Option Securities issued and outstanding as a result of the exercise of the Option, and (ii) all Option Securities that may at that time be purchased by exercising the unexercised portion of the Option. For purposes hereof, a Holder of an Option which entitles the Holder to purchase more than one share or Warrant shall be deemed to hold Options equal to the number of shares or Warrants which may be acquired pursuant to any such Option.
MAJORITY HOLDER. Notwithstanding anything to the contrary in this Indenture, in the event that any one (1) Debentureholder (or its affiliates) holds greater than 50% of the then outstanding aggregate principal amount of Debentures (a “Majority Holder”), any provision of this Indenture that requires (i) the affirmative vote from certain percentages of Debentureholders, or (ii) notice or written request from certain percentages of Debentureholders, in each case of the aggregate principal amount of Debentures as at such time, shall also require the affirmative vote by, or notice or written request from, the majority of the Debentureholders (present or by proxy in the case of a meeting) other than such Majority Holder. For greater certainty, the requirements of this Section 1.19 shall not apply to Section 7.12 of this Indenture.