Majority Founders definition

Majority Founders means, as of any date, the holders of a majority of the Founder Shares outstanding on such date.
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Majority Founders means Founders holding a majority of the Common Stock held by the Founders.
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Majority Founders means Founders holding a majority of the shares of Common Stock held by the Founders.
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Examples of Majority Founders in a sentence

  • If any Founder is granted a proxy over any Capital Stock issuable under either of the MDB Warrants (or any warrants issued in exchange or replacement therefor), such Founder shall only exercise the powers granted under such proxy in the manner directed by the Majority Founders.

  • This Agreement may not be amended or modified or any provision hereof waived without the consent of (i) the Company, (ii) the Majority Founders and (iii) STI.


More Definitions of Majority Founders

Majority Founders means such number of Active Founders holding not less than 60% (sixty percent) of the issued and outstanding Equity Shares held by the Active Founders, collectively or individually, calculated on a Fully Diluted Basis.
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Related to Majority Founders

  • Majority Shareholders means ▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇.

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Majority Stockholders means any Stockholder or combination of Stockholders who at the date of this Agreement own shares of Company Common Stock representing more than two-thirds of the total number of shares of Company Common Stock outstanding at the date of this Agreement.

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the ▇▇▇▇ ▇▇▇) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Majority Holders means the Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement.