Minority Holders definition
Examples of Minority Holders in a sentence
If the Majority Minority Holders disagree with the Fair Market Value determined pursuant to clause (i), (ii) or (iii) of the definition of “Fair Market Value,” then the Majority Minority Holders shall have twenty calendar days following the date of the Board of Managers’ valuation to make a written request to the Independent Managers requiring the Independent Managers to engage, on behalf of the Company, an investment bank of national reputation to determine such Fair Market Value.
The Sellers, collectively represented by Nordic Capital, shall use best efforts to invoke their respective contractual right to acquire such Shares and Warrants, to procure that the Purchaser at the Closing Date may purchase the Shares and Warrants currently held by the Minority Holders from the relevant Sellers.
The Sellers, collectively represented by Nordic Capital, undertake to keep the Purchaser informed on the number of Shares and Warrants that the Sellers have secured to be sold to the Purchaser at the Closing as well as of the response from the Minority Holders on a regular basis.
In the event that the Minority Holders collectively hold less than twenty-five percent (25%) of the Common Membership Interests at the time of such request, then the Majority Minority Holders shall include in such request their determination of the Fair Market Value.
The Sellers with contractual rights to re-purchase Shares and Warrants, collectively represented by Nordic Capital, shall immediately after the date of this Agreement initiate contacts with the Minority Holders regarding the Sellers’ contractual rights to re-purchase the Shares and Warrants held by the Minority Holders.