Majority Warrant Holders definition

Majority Warrant Holders means the holders of Warrants exercisable for the purchase of more than fifty percent (50%) of the aggregate number of shares of Warrant Stock then purchasable upon exercise of all Warrants.

Majority Warrant Holders with respect to a given determination, shall mean the Holders of Warrants, January 2009 Warrants and January 2010 Warrants (to the extent issued) representing more than fifty percent (50%) of all Common Stock issuable upon exercise of all outstanding Warrants, January 2009 Warrants and January 2010 Warrants (taken together).

Majority Warrant Holders with respect to a given determination, shall mean the Holders of Warrants and/or Warrant Stock representing at least seventy-six percent (76%) of all Warrants and/or Warrant Stock (with any such Warrants being deemed to represent, for the purposes of such calculation, the shares of Warrant Stock then issuable upon exercise thereof) directly affected by such determination.

Examples of Majority Warrant Holders in a sentence

• If the investment bank selected by the Majority Warrant Holders is not reasonably acceptable to the Company, and the Company and the Majority Warrant Holders cannot agree on a mutually acceptable investment bank, then the Company and the Majority Warrant Holders shall each choose one such investment bank and the respective chosen firms shall jointly select a third investment bank, which shall make the determination.

• The Company shall pay the costs and fees of each such investment bank (including any such investment bank selected by the Majority Warrant Holders), and the decision of the investment bank making such determination shall be final and binding on the Company and all affected holders of Warrants or Warrant Stock.

• This Agreement and the Warrants may be modified or amended or the provisions hereof waived with the written consent of the Company and the Majority Warrant Holders, provided, however, that no such modification or amendment that would treat any Holder in a discriminatory manner may be made without the prior written consent of such Holder.

• Whenever the Board of Directors of the Company shall be required to make a determination in good faith of the fair value of any item under this Section 4, such determination may be challenged in good faith by the Majority Warrant Holders, and any dispute shall be resolved by an investment banking or appraisal firm of recognized national standing selected by the Company and reasonably acceptable to the Majority Warrant Holders and whose decision shall be binding on the Company and all holders of Warrants.

• The Company shall not effect any such Organic Change, unless prior to the consummation thereof, the successor entity (if other than the Company) resulting from consolidation or merger or the entity purchasing such assets assumes by written instrument (in form and substance satisfactory to the Majority Warrant Holders) the obligation to deliver to each such Holder such shares of stock, securities or assets as, in accordance with the foregoing provisions, such holder may be entitled to acquire.

More Definitions of Majority Warrant Holders

Majority Warrant Holders with respect to a given determination, shall mean the Holders of Warrants representing more than fifty percent (50%) of all then outstanding Warrants.

Majority Warrant Holders at any time means the holders of a majority of the Underlying Common Stock in existence at such time.

Majority Warrant Holders means, at any time, holders of Warrants exercisable for a majority of the aggregate number of shares of Common Stock with respect to which the Warrants are exercisable at such time.

Majority Warrant Holders shall have the meaning set forth in Section 4(d) hereof.

Majority Warrant Holders means the holders (the "HOLDERS") of warrants issued in connection with the Purchase Agreement (the "WARRANTS") representing the right to acquire more than fifty percent (50%) of the Series B Preferred Stock underlying all of the then-outstanding Warrants.

Majority Warrant Holders means, at any time, the holders of Warrants representing the right to purchase a majority of the aggregate number of shares of unissued Common Stock then issuable upon exercise of all Warrants.

Majority Warrant Holders. Consent” means the consent in writing of the Warrant Holders holding outstanding Warrants having an aggregate face value of over 50% of the aggregate face value of all outstanding Warrants.