Examples of Majority Preferred Stockholders in a sentence
The Members hereby acknowledge and agree that the determination of the Vestar Majority Holders, the Majority Preferred Stockholders, any Vestar Manager or any Preferred Manager as to whether to consent to any of the actions referenced in Section 6.10(a) and described in Section 2.3 of the Securityholders Agreement shall be made (i) in the sole discretion of such parties or the applicable Preferred Manager acting in its, his or her own best interests and (ii) without regard to any fiduciary duty.
The Company shall not, and shall not permit any of its Subsidiaries to take or commit to take any action, unless any required consent of the Majority Executives, the Vestar Majority Holders and the Majority Preferred Stockholders pursuant to Section 2.3 of the Securityholders Agreement has been obtained.
Except in connection with an initial Public Offering of Holdings, the charters of these committees shall not be modified, and no new committees created, without the consent of Vestar V and the Majority Preferred Stockholders.
The transaction shall in no event take place sooner than twenty (20) days after the Corporation has given the first notice provided for herein or sooner than fifteen (15) days after the Corporation has given notice of any material change provided for herein; provided, however, that such periods may be shortened upon the written consent of the Majority Preferred Stockholders.
Unless waived by the Majority Preferred Stockholders, all shares of Preferred Stock shall be redeemed upon the occurrence of a Redemption Event.
Except in connection with an initial Public Offering of Holdings, the charters of these committees shall not be modified, and no new committees created, without the consent of the Majority Preferred Stockholders.
The pool of shares available for the grant of future awards under the 2001 Plan will not be increased by the Exchange Offer.
This Agreement will terminate in respect of all Securityholders (a) with the written consent of the Company, the Vestar Majority Holders, the Majority Preferred Stockholders, the Employee Majority Holders, the TCW Majority Holders and the NYLIM Majority Holders, (b) upon the dissolution, liquidation or winding-up of the Company or (c) upon the consummation of an initial Public Offering or Qualified Merger .
The Executive Committee shall be dissolved upon the occurrence of the earlier of (i) a Qualified IPO, (ii) a Qualified Merger and (iii) at the election of the Majority Preferred Stockholders, a Default Event.
The Members hereby acknowledge and agree that the determination of the Majority Preferred Stockholders as to whether to consent to any of the actions referenced in Section 6.10(a) and described in Section 2.3 of the Securityholders Agreement shall be made (i) in the sole discretion of such parties acting in its, his or her own best interests and (ii) without regard to any fiduciary duty.