Requisite Shareholders definition

Requisite Shareholders means the persons or entities listed on Section 1.01(D) of the Company Disclosure Schedule.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Requisite Shareholders means Company Shareholders holding at least two-thirds of all shares of outstanding Company Common Stock.

Requisite Shareholders means the shareholders who hold collectively 90% of the registered capital of Ucommune.

Examples of Requisite Shareholders in a sentence

• The Requisite Shareholders shall respond with reasonable promptness to any requests for consent pursuant to this Section 4.6, including at any time where one or more of the parties hereto has asserted that this Agreement has been terminated but the validity of such termination is disputed and such dispute has not been resolved by agreement of the parties or a final, non-appealable order of a court of competent jurisdiction.

• Each of the Requisite Shareholders agrees, while this Agreement is in effect, to notify Purchaser and the Company promptly in writing (including by e-mail) of the number of any additional Subject Shares acquired, or over which voting power is acquired, by such Requisite Shareholder, if any, after the date hereof.

• The Company and the Founders Group hereby covenant that, within three (3) months from the Funding Date, the Company and the Founders Group shall use their best endeavors to procure the Requisite Shareholders to sign the Commitment Letter.

• Each of the Requisite Shareholders agrees, while this Agreement is in effect, to notify the Purchaser and the Company promptly in writing (including by e-mail) of the number of any additional Subject Shares acquired, or over which voting power is acquired, by such Requisite Shareholder, if any, after the date hereof.

• Each of the Requisite Shareholders undertakes that, from the date hereof and until the termination of this Agreement, it will not elect to cause the Company to redeem any Subject Shares now or at any time legally or beneficially owned by such Requisite Shareholder (whether pursuant to the Organizational Documents of the Company, Law, contract or otherwise, notwithstanding such Requisite Shareholder may have rights thereunder), or submit or surrender any of its Subject Shares for redemption.

More Definitions of Requisite Shareholders

Requisite Shareholders mean (a) shareholders of the Company holding at least a majority of all shares of outstanding Company Common Stock, and (b) a Majority of the Minority Shareholders.

Requisite Shareholders means any combination of Shareholders holding collectively a majority of the Shares as set forth in the Schedule of Shareholders.

Requisite Shareholders means Shareholders holding at least 2/3 of the voting power of all outstanding Shares on an as-converted basis, including Shareholders holding at least 60% of the voting power of all outstanding Preferred Shares on an as-converted basis and the Group CEO (for so long as he directly or indirectly holds any Shares of the Company).

Requisite Shareholders means the minimum number of shareholders of the Company required to approve the New Organizational Documents as required by the Company’s current Organizational Documents and applicable law (as determined by the Holder Representative in its sole discretion). The term “Requisite Shareholders” means, individually and collectively, each of the following groups of stockholders (each, a “Stockholder Group”), each voting as a separate class: (a) stockholders owning at least fifty percent (50%) of the Company’s outstanding capital stock on an as-converted basis; (b) holders owning not less than two-thirds (2/3rd) of the Series A Convertible Preferred Stock; (c) holders owning at least fifty percent (50%) of the Company’s Series A-1 Convertible Preferred Stock; and (d) fifty percent (50%) of the Series C Holders.

Requisite Shareholders means Shareholders holding all of the interest in the Star Dot Shares as set forth in Paragraph 2 of the Disclosure Schedule.

Requisite Shareholders means, on any date of determination, Significant PEI Shareholders having a Pro Rata Share of 51% or more of the Escrow Shares.

Requisite Shareholders means each of Virgin or Sprint, and their respective successors and permitted assigns as long as such successors and permitted assigns hold, directly or together with their respective Affiliates, a Percentage Interest of 10% or more.