Common use of MAJORITY HOLDER Clause in Contracts

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. Any Holder, any holder of Option Securities, or any combination of Holders and such holders of Option Securities; and any Holder of Share Warrant Options, any holder of Share Warrant Option Securities, or any combination of such Holders and such holders of Share Warrant 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.