Majority of the Purchasers definition

Majority of the Purchasers means Purchasers who together are purchasing more than 50% of the Shares reflected on Exhibit A.
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Majority of the Purchasers means (i) prior to the First Closing, two-thirds (2/3) of the Purchasers (based on the aggregate “Pro Rata Percentages” of the Purchasers as set forth on Exhibit A hereto) hereunder, and (ii) from and after the First Closing, the Purchasers holding two-thirds (2/3) of the Securities sold hereunder.
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Majority of the Purchasers means those Purchasers which, at the time of determination thereof, individually or in the aggregate, are committed to purchase pursuant to this Agreement a majority of the stated value of the Securities.
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Examples of Majority of the Purchasers in a sentence

  • From and after the occurrence of any Termination Day, the Purchased Interest shall (until the event(s) giving rise to such Termination Day are satisfied or are waived by the Administrator and a Simple Majority of the Purchasers) be deemed to be 100%.

  • Such agreement, among others, provides for the assignment by individual inventors to Identix of all rights, title and interest in any and all patents related to or arising out of this Agreement.

  • SmartGate shall not assign this Agreement without first obtaining the written permission of the Super Majority of the Purchasers.

  • A Majority of the Purchasers may waive any condition, right, breach or default that the Purchasers have the right to waive, and such waiver shall be effective against all the Purchasers, provided that such manner will not be effective against all the Purchasers unless it is in writing signed by a Majority of the Purchasers and specifically refers to this Agreement.

  • The Closing will take place on the later of October 16, 2009 and the day on which all the conditions set forth in Article 5 have been satisfied or waived or such other date (but not prior to October 16, 2009) as shall be agreed upon by the Company and a Majority of the Purchasers (the date upon which the Closing occurs shall be referred to herein as the “Closing Date”).

  • Subject to compliance with applicable law, this Agreement may be amended or supplemented in any and all respects only by written agreement of the Company and the Requisite Majority of the Purchasers.

  • If a Majority of the Purchasers are unable to agree among themselves on such a selection within a thirty (30) day period, the selection of an appraiser or investment banking firm for the Purchasers shall be made by the Board of Directors of the Company.

  • The other such appraiser of investment banking firm shall be promptly selected by a Majority of the Purchasers.

  • If two appraisers or investment banking firms determine the Gross Company Value, (A) the costs of the appraiser or investment banking firm selected by the Optionor shall be paid by the Optionor, and (B) the costs of the appraiser or investment banking firm selected by a Majority of the Purchasers shall be paid by the Purchasers (as among them, in proportion to the numbers of Option Shares they have elected to purchase).

  • None of the Purchaser Agents, the Administrator or any of their directors, officers, agents or employees shall be liable for any action taken or omitted (i) with the consent or at the direction of the Majority Purchasers or a Simple Majority of the Purchasers, as applicable (or in the case of any Purchaser Agent, the Purchasers within its Purchaser Group that have a majority of the aggregate Commitment of such Purchaser Group), or (ii) in the absence of such Person’s gross negligence or willful misconduct.


More Definitions of Majority of the Purchasers

Majority of the Purchasers means the Purchasers holding Debentures representing at least a majority of the principal then outstanding under the Debentures.
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Related to Majority of the Purchasers

  • Majority Purchasers means, at any time, Purchasers whose Commitments aggregate more than 66.67% of the aggregate of the Commitments of all Purchasers; provided, however, that so long as any Purchaser’s Commitment is greater than 66.67% of the aggregate Commitments, then “Majority Purchasers” shall mean a minimum of two Purchasers whose Commitments aggregate more than 66.67% of the aggregate Commitments.

  • Majority Shareholders means Sxx Xxxxxx, Sxxxx Xxxxx, Mxxxxxx Xxxxx and Gxxxx XxXxxxxx.

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • 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.

  • Majority Purchaser Agents means a minimum of two Purchaser Agents which in their related Purchaser Group have Related Committed Purchasers whose Commitments aggregate more than 50% of the aggregate Commitment of all Related Committed Purchasers in all Purchaser Groups.

  • 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 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 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.

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Majority in Interest of the Partners on any date (a “vote date”) means one or more persons who are Partners (including the General Partner but excluding Nonvoting Special Partners) on the vote date and who, as of the last day of the most recent accounting period ending on or prior to the vote date (or as of such later date on or prior to the vote date selected by the General Partner as of which the Partners’ capital account balances can be determined), have aggregate capital account balances representing at least a majority in amount of the total capital account balances of all the persons who are Partners (including the General Partner but excluding Nonvoting Special Partners) on the vote date.

  • Required Holders means the holders of the SPA Warrants representing at least a majority of shares of Common Stock underlying the SPA Warrants then outstanding.

  • Note Majority means a majority by principal amount of the Noteholders.

  • Required Purchasers means the Purchasers holding a majority of the Registrable Securities.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Majority Interest means one or more Members who in the aggregate hold more than 50% of all Membership Shares.

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • Purchaser Board means the board of directors of the Purchaser.

  • Super-Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • Majority Holders means at any time the Holders of Warrants exercisable for a majority of the shares of Warrant Stock issuable under the Warrants at the time outstanding.

  • Majority Owner has the correlative meaning.

  • Second Closing has the meaning set forth in Section 2.2.

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.