Required Shares means 10,000,000 issued and outstanding shares of common stock in Ocean Rig (including all other or additional stock or other securities or property paid or distributed in respect of the Required Shares by way of stock-split, spin-off, split-up, reclassification, combination of shares or similar arrangements) currently in the legal and beneficial ownership of the Borrower to be pledged in favour of the Security Trustee pursuant to this Clause 15.10 in order to rectify the Shortfall; and

Required Shares means that number of shares of common stock of the Corporation that represents at least three percent (3%) of the number of outstanding shares of common stock of the Corporation as of both (A) the most recent date for which such amount was given in any filing by the Corporation with the Securities and Exchange Commission prior to the start of the three year period ending as of the date the Notice of Proxy Access Nomination is received by the Corporation and (B) the most recent date for which such amount was given in any filing by the Corporation with the Securities and Exchange Commission prior to the date the Notice of Proxy Access Nomination is provided to the Secretary of the Corporation in accordance with Section 1.11(b).

Examples of Required Shares in a sentence

Notwithstanding the foregoing, the Company shall only be required to obtain the written consent or affirmative vote of the Required Shares if any of the actions contemplated in this Section 11, as proposed to be taken or when undertaken by the Company, would not or does not result in the disparate treatment of one or more Stockholders in favor of any other Stockholders.
Notwithstanding the foregoing, any attempt by Transferor to Transfer Shares in violation of Section 3 or 4 hereof shall be void and the Company agrees it will not affect such a Transfer nor will it treat any alleged transferee as the holder of such Shares without the written consent of the Required Shares.

More Definitions of Required Shares

Required Shares has the meaning given in Clause 15.10;

Required Shares means at least 75% of the shares of the Series F Preferred purchased by the Investor pursuant to the Purchase Agreement, or such number of shares of Common Stock (whether voting or non-voting) issued upon conversion of such number of shares of Series F Preferred.

Required Shares means at least 3% of the Company’s issued and outstanding common stock as of the most recent date for which such amount is given in any filing made by the Company with the SEC prior to the submission of the Nomination Notice.

Required Shares means the greater of (x) at least 8,483,489 shares of Common Stock or (y) at least a majority of the aggregate number of shares of Common Stock outstanding as of the date of delivery of a Springing Event Notice.

Required Shares means the majority of the voting power of the Shares in a stockholder meeting in which a quorum has been established pursuant to the Company’s bylaws, or at a majority of the voting power of the Shares via written consent without a meeting.

Required Shares means that number of shares of the Corporation’s stock that represents three percent (3%) of the number of outstanding shares of the Corporation’s stock as of the most recent date for which such amount is given in any filing by the Corporation with the Securities and Exchange Commission prior to the submission of the Notice of Proxy Access Nomination. A “Qualifying Fund Group” is any two (2) or more funds that (x) are under common management and investment control, (y) are under common management and funded primarily by the same employer or (z) constitute a “group of investment companies” as such term is defined in Section 12(d)(1)(G)(ii) of the Investment Company Act of 1940, as amended.

Required Shares means shares of stock of the Target which constitute (a) more than 49% on a fully diluted basis, of the outstanding shares of capital stock having ordinary voting power with respect to election of the board of directors of the Target and (b) more than 49% of all outstanding non-redeemable, non-callable stock.