Majority Sellers definition

Majority Sellers means a majority (based on the number of Registrable Securities owned) of the Holders eligible to sell pursuant to this Agreement.

Majority Sellers means (i) in the case of any offering or proposed offering pursuant to a shelf "draw-down" of Registrable Securities registered pursuant to a Shelf Registration, the Holders of a majority of the Registrable Securities so offered or proposed to be so offered, and (ii) in the case of any other offering or proposed offering pursuant to any Registration, the Majority Registered Holders of the applicable registration statement.

Majority Sellers means Sellers holding in excess of 50% of the outstanding Securities.

Examples of Majority Sellers in a sentence

• The Majority Sellers shall be entitled to serve further Exit Notices following the lapse of any particular Exit Notice.

• Exit Notices shall be irrevocable but shall lapse if for any reason there is not a sale of the Majority Sellers' Shares by the Majority Sellers to the Third Party Purchaser within 30 Business Days after the date of service of the Exit Notice.

• Part 2—Matters for the board meetings at Closing 1 The Majority Sellers shall cause board meetings of the Company and each applicable Subsidiary to be held at Closing at which the matters set out in this Part 2 of Schedule 3 shall take place.

• The Majority Sellers may exercise the Exit Option by giving a written notice to that effect (an “Exit No- tice”) at any time before the transfer of the Majority Sellers’ Shares to the Third Party Purchaser.

• Exit Notices shall be irrevocable but shall lapse if for any reason there is not a sale of the Majority Sellers’ Shares by the Majority Sellers to the Third Party Purchaser within 30 working days after the date of service of the Exit Notice.

More Definitions of Majority Sellers

Majority Sellers is defined in Section 9.6.

Majority Sellers shall have the meaning set forth in Section 4(a).

Majority Sellers shall have the meaning assigned to such term in Section 3.1(a).

Majority Sellers means (i) the Principal Seller, (ii) the Xxxxxxxxx Family Foundation, Inc. and (iii) the following sub-trusts of the Xxxxxxxxx Family 2019 Irrevocable Trust: (1) Children’s Trust f/b/o Xxxxx Xxxx Xxxxxxxxx Xxxxx; (2) Children’s Trust f/b/o Xxxxxx Xxxxxxxxx Xxxxxx; (3) Children’s Trust f/b/o Xxx Xxxxx Xxxxxxxxx; (4) Grandchildren’s Trust f/b/o Xxxxxxx Xxxxxxxxx Xxxxxx; (5) Grandchildren’s Trust f/b/o Xxxxxx Xxxxx Xxxxxx; (6) Grandchildren’s Trust f/b/o Xxxxxx Xxxxxx Xxxxx; (7) Grandchildren’s Trust f/b/o Jacob Xxxxx Xxxxx; (8) Grandchildren’s Trust f/b/o Xxxxxxx Xxxxxx Xxxxx; (9) Grandchildren’s Trust f/b/o Xxxxx Xxxx Xxxxx; (10) Grandchildren’s Trust f/b/o Xxxxx Xxxxx Xxxxx; (11) Grandchildren’s Trust f/b/o Hannah Xxxxx Xxxxx; and (12) Grandchildren’s Trust f/b/o Xxxxx Xxxxxx Xxxxx.

Majority Sellers means, in any case, the Principal Sellers holding a majority of the outstanding Purchased Securities acquired by the Buyer as of the Closing Date.

Majority Sellers has the meaning set forth in the preamble, and includes General Motors, Xxxxxxx Xxxxxx, Xxxxxxx Xxxxxx and Xxxxxxx Xxx.

Majority Sellers means the Sellers holding a majority of the shares of Convertible Preferred Stock to be purchased pursuant to this Agreement.