Majority of Shares definition

Majority of Shares means the vote of a majority of the outstanding securities of an investment company, as defined and described in Section 2(a)(42) of the 1940 Act.
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Examples of Majority of Shares in a sentence

  • Within thirty (30) days following the issuance of such Notice, each Stockholder (or, if more than two Stockholders are involved, holders of a Majority of Shares held by the participating Stockholders) involved in the dispute shall appoint an arbitrator and within fifteen (15) days thereafter the arbitrators so chosen shall select a third arbitrator.

  • On May 10, 2010, the Majority of Shares entitled to Vote as well as the Board of Directors voted to effectuate a reverse split of the shares of Common Stock of the Corporation ONE HUNDRED (100) for ONE (1) and to file a Certificate of Amendmentto the Certificate of Incorporation, amending the name of the Corporation to Structural Enhancement Technologies Corp.

  • Disclosing Ownership of the Majority of Shares According to the Central Depository Law, the settlement company must keep a registry of detailed information on the beneficiary owners, which are obtained from the registered owners.

  • On March 2, 2009, the Majority of Shares entitled to Vote as well as the Board of Directors voted to effectuate a Share Exchange Agreement with Extreme Mobile Coatings Worldwide Corp., a newly formed Delaware corporation, filed with the State of Delaware on February 23, 2009.

  • II - 51 Whether a Member Bank Acting as Trustee is Prohibited by Section 20 of the Banking Act of 1933 from Acquiring Majority of Shares of Mutual Fund .

  • Subject to the provisions of Article III, Section 6(d) and the applicable provisions of the 1940 Act, when a quorum is present at any meeting, the majority vote or, to the extent required or permitted by the 1940 Act, affirmative vote of a Majority of Shares, shall decide any questions except that only a plurality vote shall be necessary to elect Trustees.

  • As a matter of strict logic, there was no need to make either the Majority of Shares Application to ASIC or the review Application as the Bid Acceptances Condition did not prevent the completion of the Joint Bid.

  • Right-click the new button and change its properties so that it looks like the properties in Figure 3–9.

  • October 2022 CONTENTS PageDEFINITIONS ..........................................................................................................................

  • Subject to the provisions of Article III, Section 6(d) and the applicable provisions of the 1940 Act, when a quorum is present at any meeting, the majority vote or, to the extent required or permitted by the 1940 Act, affirmative vote of a Majority of Shares, shall decide any questions except only a plurality vote shall be necessary to elect Trustees.

Related to Majority of Shares

  • Majority of Holders Holders holding over 50% of the aggregate principal amount of Notes outstanding; provided that, for the purpose of this Agreement, a holder of shares of Common Stock which constitute Transfer Restricted Securities shall be deemed to hold an aggregate principal amount of the Notes (in addition to the principal amount of the Notes held by such holder) equal to the quotient of (x) the number of such shares of Common Stock held by such holder and (y) the conversion rate in effect at the time of their issuance upon conversion of the Notes as determined in accordance with the Indenture.

  • Parent Ordinary Shares means the ordinary shares, no par value per share, of Parent.

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) 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.

  • Age of majority means the age when the procedural safeguards and other rights afforded to the parent or parents of a student with a disability transfer to the student. In Virginia, the age of majority is 18.

  • 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.

  • shares of Common Stock means (i) the class of stock designated as the Common Stock of the Company at the date of this Agreement, or (ii) any other class of stock resulting from successive changes or reclassifications of such shares consisting solely of changes in par value, or from par value to no par value, or from no par value to par value. In the event that at any time, as a result of an adjustment made pursuant to paragraph (a) above, the Warrant Holders shall become entitled to purchase any securities of the Company other than shares of Common Stock, thereafter the number of such other securities so purchasable upon exercise of each Warrant and the Exercise Price of such securities shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Warrant Shares contained in paragraphs (a) through (i), inclusive, above, and the provisions of Section 7 and Section 12.2 through 12.5, inclusive, with respect to the Warrant Shares, shall apply on like terms to any such other securities.

  • class of Shares refers to the division of Shares into two or more classes as provided in Article III, Section 1 hereof;

  • Ordinary Shares shall have the meaning given in the Recitals hereto.

  • A Ordinary Shares means the A ordinary shares of £0.01 each in the capital of the Company;

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Unit Majority means (i) during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common Units owned by the General Partner and its Affiliates), voting as a class, and at least a majority of the Outstanding Subordinated Units, voting as a class, and (ii) after the end of the Subordination Period, at least a majority of the Outstanding Common Units.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • vote of a majority of the outstanding voting securities" shall mean the vote, at a meeting of Holders, of the lesser of (a) 67 per centum or more of the Interests in the Trust present or represented by proxy at the meeting if the Holders of more than 50 per centum of the outstanding Interests in the Trust are present or represented by proxy at the meeting, or (b) more than 50 per centum of the outstanding Interests in the Trust. The terms "Holders" and "Interests" when used herein shall have the respective meanings specified in the Declaration of Trust of the Trust.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Additional Shares of Common Stock means all shares of Common Stock issued (or, pursuant to Subsection 4.4.3 below, deemed to be issued) by the Corporation after the Original Issue Date, other than (1) the following shares of Common Stock and (2) shares of Common Stock deemed issued pursuant to the following Options and Convertible Securities (clauses (1) and (2), collectively, “Exempted Securities”):

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Resolution of Shareholders means either:

  • Early Preference Share Redemption Event means the event that occurs if: