Proxy Securities definition
Proxy Securities means, as of any date, the number of Transaction Voting Securities representing a number of votes equal to the product of (i) the Total Proxy Voting Power as of such date and (ii) a fraction, the numerator of which shall be the Security Holder Voting Power as of such date and the denominator of which shall be the Sponsor Voting Power as of such date;
Examples of Proxy Securities in a sentence
If the Investors do not agree on how to vote the Proxy Securities, the Investor Vote Notice shall set forth the various positions of each of the Investors with respect to the COC Issue and specify how the Proxy Securities are intended to be voted in light of such disagreement.