Common use of Majority Holders Clause in Contracts

Majority Holders. Majority Holders shall mean the holder or holders at the relevant time of determination (excluding the Company) of 51% or more of the (a) number of Warrant Shares for which the issued and outstanding Warrants are then exercisable and (b) then issued and outstanding Warrant Shares.

Appears in 2 contracts

Samples: Co Sale Rights Agreement (Woodside Capital Management, LLC), Co Sale Rights Agreement (Woodside Capital Management, LLC)

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Majority Holders. Majority Holders shall mean the holder or holders at the ----------------- relevant 'time of determination (excluding the Company) of (a) in the case of the Notes, 51% or more in outstanding principal amount of the Notes, or (b) in the case of the Purchased Common Stock, 51% or more of the (a) number of Warrant Shares for which shares of the issued and then outstanding Warrants are then exercisable and (b) then issued and outstanding Warrant Sharesshares of Purchased Common Stock.

Appears in 1 contract

Samples: Securitites Purchase Agreement (Periscope Sportswear Inc)

Majority Holders. Majority Holders Holders” shall mean the holder or holders at the relevant time Holders of determination (excluding the Company) of 51% or more a majority of the (a) number of Warrant Registrable Shares for which the issued and outstanding Warrants are then exercisable and (b) then issued and outstanding Warrant Sharesheld by all Holders from time to time.

Appears in 1 contract

Samples: Registration Rights Agreement (Oclaro, Inc.)

Majority Holders. Majority Holders shall mean the holder or holders at the relevant time of determination (excluding the Company) of 5150.1% or more of the (a) sum of the number of (i) Warrant Shares for which the issued and outstanding Warrants are then exercisable and (bii) then issued and outstanding Warrant Converted Common Shares.

Appears in 1 contract

Samples: Stockholders' Agreement (Buffalo Wild Wings Inc)

Majority Holders. Majority Holders shall mean the holder or holders at the relevant time of determination (excluding the Company) of 51% or more of the (a) number of Warrant Shares for which BBV Securities; provided, that, at such time as no BBV Securities are outstanding, then Majority Holders shall mean the issued and outstanding Warrants are then exercisable and holder or holders at the relevant time of determination (bexcluding the Company) then issued and outstanding Warrant Sharesof 51% or more of BBV Preferred Securities. Non-Transferring Securityholder. See Section 2.2.

Appears in 1 contract

Samples: Stockholders Agreement (Perkins Family Restaurants Lp)

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Majority Holders. Majority Holders shall mean the holder or holders at the relevant time of determination (excluding the Company) of (a) in the case of the Preferred Stock, 51% or more of the (a) number of Warrant Shares for which the issued and outstanding Warrants are then exercisable and shares of the Preferred Stock, or (b) in the case of the Warrants and Warrant Stock, 51% or more of the sum of the number of shares of (i) Warrant Stock then issued issuable upon exercise of the outstanding Warrants and (ii) the then outstanding shares of Warrant SharesStock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Meade Instruments Corp)

Majority Holders. Majority Holders shall mean the holder or holders at the relevant time of determination (excluding the Company) of 51% or more of the (a) number in the case of Warrant Shares for which the issued and Notes, at least 51% of the then outstanding Warrants are then exercisable and principal amount of the Notes, (b) in the case of the Warrants, Warrant Stock and Common Shares, at least 51% of the number of (i) shares of Warrant Stock then issued issuable upon exercise of the outstanding Warrants and (ii) the then outstanding shares of Warrant Stock and Common Shares., (c) in the case of the Preferred Shares, at

Appears in 1 contract

Samples: Securities Purchase Agreement (Il Fornaio America Corp)

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