Examples of Majority Participating Holders in a sentence
The Company will not include in any Underwritten Block Trade any securities which are not Registrable Securities without the prior written consent of the Majority Participating Holders.
In connection with any Underwritten Public Offering, each Holder will enter into any lock-up, holdback or similar agreements requested by the underwriter(s) managing such offering, in each case with such modifications and exceptions as may be approved by the Majority Participating Holders.
At any time prior to the effective date of the registration statement relating to a Demand Registration or the “pricing” of any offering relating to a Shelf Offering Notice, the Majority Participating Holders may revoke such notice of a Demand Registration or Shelf Offering Notice on behalf of all Holders participating in such Demand Registration or Shelf Offering without liability to such Holders, in each case by providing written notice to the Company.
In such instance, the conflicted indemnified parties will have a right to retain one separate counsel, chosen by the Majority Participating Holders, at the expense of the indemnifying party.