Requisite Holders definition

Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Requisite Holders means the holders of the Warrants representing a majority of the shares of Common Stock underlying the Warrants then outstanding.

Requisite Holders means the Holder or, in the event that there are multiple Holders, the Holder or Holders that own or otherwise hold more than fifty percent (50%) of the aggregate Registrable Securities.

Examples of Requisite Holders in a sentence

• Notwithstanding the foregoing, the Company may not assign its rights or delegate any obligations (a) under this Note without the prior written consent of the Holder or (b) under all Notes, collectively, without the prior written consent of the Requisite Holders.

• If an Event of Default occurs and continues, then the Requisite Holders may, by written notice to the Company, declare the unpaid principal amount of the Notes, together with the Redemption Premium thereunder, to be forthwith due and payable immediately in cash, without further presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Company, to the fullest extent permitted by applicable law.

• Notwithstanding the foregoing, the Notes may be prepaid upon the written consent of the Requisite Holders.

• Any provision of this Note may be amended, waived or modified upon the written consent of (a) the Company and the Holder, or (b) so long as all Notes are subject to identical amendment(s), the Company and the Requisite Holders.

• Any term of this Agreement may be amended or waived only with the written consent of the Company and the holders of Notes whose aggregate principal amount represents a majority of the outstanding principal amount of all then outstanding Notes (the “Requisite Holders”); provided, however, that the Company may amend this Agreement without the approval of the Requisite Holders or any holder of Notes to add additional forms of Notes to be issued hereunder with a valuation cap of $5,000,000 or greater.

More Definitions of Requisite Holders

Requisite Holders means the holders of at least a majority of the then outstanding shares of Series E Preferred Stock.

Requisite Holders means the holders of at least a majority of the outstanding shares of Preferred Stock (voting as a single class on an as-converted basis).

Requisite Holders means Holders of a majority of the then outstanding shares of Series A Preferred Stock, voting together as a single class.

Requisite Holders. With respect to any registration of Registrable Securities pursuant to Section 2.1, any holder or holders of more than 50% of the Registrable Securities to be so registered.

Requisite Holders means holders of outstanding shares of Preferred Stock representing at least eighty percent (80%) of the total number of shares of Common Stock into which the outstanding Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock could be converted pursuant to Section 4 of Article FOURTH, Section B of the Company’s Restated Certificate of Incorporation as in effect on the date hereof, voting together as a single class.

Requisite Holders. Requisite Holders" shall mean any Selling Holder or Selling Holders of a majority in interest of the Registrable Securities requested to be included in a registration or other relevant action, as the case may be.

Requisite Holders means holders of record of a majority of the outstanding shares of Preferred Stock (excluding, for the avoidance of doubt, any shares of Preferred Stock that are held by the Corporation or its controlled Affiliates (including in treasury), whether repurchased, redeemed or otherwise acquired, which shall not be entitled to a vote).