Converting Holders definition
Examples of Converting Holders in a sentence
Notwithstanding the foregoing, Section 8.7, will not apply to Section 10.16 which will be enforceable by the Converting Holders’ Representative in its entirety against the Converting Holders.
The Converting Holders’ Representative may resign at any time, and the Converting Holders’ Representative may be removed by the vote of a majority of the voting power of the Converting Holders (calculated on an as converted basis) (the “Majority Holders”).
The Converting Holders shall not be liable in respect of Damages under Section 8.2(a)(ii) or Section 8.2(a)(iv) unless and until the aggregate amount of all such Damages exceeds $851,100, in which case the Converting Holders shall be liable for the entire amount of the Damages not to exceed the Cap.
Notwithstanding any provision of this Agreement to the contrary, the Company shall be entitled to rely on the on any act or communication of the Converting Holders’ Representative as the act or communication of the Converting Holders.
In all matters relating to this Section 10.16, the Converting Holders’ Representative shall be the only party entitled to assert the rights of the Converting Holders hereunder.