Major Holder definition

Major Holder means with respect to any registration the Holder that, together with its Affiliates, includes the largest number of Registrable Securities in such registration.

Major Holder means a holder of at least 2.5% of the issued and outstanding shares of the Company, on an as converted basis and with respect solely to Article 14 – a holder of at least 2% of the issued and outstanding shares of the Company, on an as converted basis.

Major Holder means any Investor that, individually or together with such Investor’s Affiliates, holds at least 2,000,000 shares of Registrable Securities (as adjusted for any stock split, stock dividend, combination, or other recapitalization or reclassification effected after the date hereof).

Examples of Major Holder in a sentence

• Subject to the terms and conditions specified in this Section 2.4, the Company hereby grants to each Major Holder a right of first offer with respect to future sales by the Company of its Shares (as hereinafter defined).

• Notwithstanding the foregoing, each Major Holder may disclose such information, on a need to know basis, to its employees, accountants or attorneys, or to the employees, accountants or attorneys of its general partner or investment manager (so long as each such person to whom confidential information is disclosed agrees to keep such information confidential), in compliance with a court order or when otherwise necessary to enforce any of the Major Holder's rights hereunder.

• The Company hereby grants to each Major Holder the right of first refusal to purchase its pro rata share of New Securities (as defined in this Section 4.1(a)) which the Company may, from time to time, propose to sell and issue after the date of this Agreement.

• Each such Major Holder shall have such other access to management and information as is necessary for it to comply with applicable laws and regulations and reporting obligations.

• Notwithstanding the foregoing, a Holder shall not be subject to this Section 3.3 with respect to an Underwritten Offering unless each Major Holder and each of PubCo’s directors and executive officers have executed a lock-up agreement on terms at least as restrictive with respect to such Underwritten Offering as requested of the Holders.

More Definitions of Major Holder

Major Holder means, as of any time of determination, any Holder that either (a) has an Economic Ownership Percentage of five percent or more or (b) has a Voting Power Percentage of five percent or more.

Major Holder means each Holder who, in each case giving effect to the provisions of Section 3.15, continues to own at least five percent (5%) of the Company’s issued and outstanding Common Stock.

Major Holder shall have the meaning set forth in Section 4.1.

Major Holder means any Person or group of Affiliated Persons that hold a minimum of 15% of the Registrable Securities as of the effective date of the Plan.

Major Holder means any Investor who holds at least 1,000,000 shares of Registrable Securities.

Major Holder means each Company Security Holder that, together with its Affiliates, owns Company Securities that represent more than 3.5% of the votes entitled to be cast by all outstanding Common Units and Preferred Units convertible into Common Units (calculated as a single class on an as-converted to Common Unit basis) and is not a Competitor.

Major Holder has the meaning set forth on Schedule 1.1(C).