Purchaser Majority means Qualifying Purchasers holding, at the relevant date, or if such relevant date is before the Closing, subscribed for, at least 66.7% of all Shares and Warrant Shares then held or subscribed for by all Qualifying Purchasers.
Purchaser Majority means, prior to the Closing, the Purchasers committed to purchase at least a majority the Shares, provided that each Purchaser who has committed to purchase at least $20,000,000 of the Shares is included in such majority and, following the Closing, both (i) the Purchasers who hold at least a majority of the Shares still held by the Purchasers, and (ii) each Purchaser (A) whose Subscription Amount exceeds $20,000,000 and (B) who continues to hold at least fifty percent (50%) of the Shares purchased on the Closing Date.
Purchaser Majority means Purchasers, other than any Purchaser that has defaulted in its obligation to pay its Subscription Amount pursuant to Section 2.02, then committed to purchasing a majority of the Closing Shares to be purchased hereunder at the Closing by (or, if after the Closing, then holding a majority of the Closing Shares held by) all Purchasers.
Examples of Purchaser Majority in a sentence
The Company may not assign its rights or obligations hereof without the consent of the Purchaser Majority.
As used herein, an Alternative US Registration shall mean a registration of the Ordinary Shares (including the Shares and Warrant Shares) with effect for the benefit of the Purchaser at least as beneficial (as confirmed by the Purchaser Majority) as provided under the ADR Facility.
The obligations of each Purchaser under Section 2 hereof are subject to the fulfillment, at or prior to the Closing, of all of the following conditions, any of which may be waived in whole or in part by the Purchaser Majority.
The Company may not assign (except by merger) its rights or obligations hereunder without the prior written consent of the Purchaser Majority (as defined in the Purchase Agreement).
The Purchasers shall have received from Xxxxxx, Xxxx & Xxxxxxxx LLP, counsel for the Company, an opinion, dated as of the Closing, in the form agreed between the Company and the Purchaser Majority.
More Definitions of Purchaser Majority
Purchaser Majority means the Holders of Notes representing at least a majority of the aggregate Principal amount of the Notes then outstanding.
Purchaser Majority means Purchasers entitled to purchase a majority of the Purchased Units and the Warrants on the Closing Date in accordance with Schedule A.
Purchaser Majority means, prior to the Closing, the Purchasers committed to purchase at least a majority the Securities, provided that each Purchaser (together with its affiliated funds) who has committed to purchase at least $14,900,000 of the Securities is included in such majority and, following the Closing, both (i) the Purchasers who hold at least a majority of the Securities (including any Frequency Common Stock issued in exchange therefore) still held by the Purchasers, and (ii) each Purchaser (together with its affiliated funds) (A) whose Subscription Amount exceeds $14,900,000 and (B) who continues to hold at least fifty percent (50%) of the Securities (including any Frequency Common Stock issued in exchange therefore) purchased on the Closing Date.
Purchaser Majority means, prior to the Closing, the Purchasers committed to purchase at least a majority the Securities, provided that each Purchaser who has committed to purchase at least $7,500,000 of the Securities is included in such majority and, following the Closing, both (i) the Purchasers who hold at least a majority of the Securities (including any Magenta Common Stock issued in exchange therefore) still held by the Purchasers, and (ii) each Purchaser (A) whose Subscription Amount exceeds $7,500,000 and (B) who continues to hold at least fifty percent (50%) of the Securities (including any Magenta Common Stock issued in exchange therefore) purchased on the Closing Date.
Purchaser Majority means, prior to the Closing, the Purchasers committed to purchase at least a majority the Securities, provided that each Purchaser who has committed to purchase at least $10,000,000 of the Securities is included in such majority and, following the Closing, both (i) the Purchasers who hold at least a majority of the Securities (including any Parent Common Stock issued in exchange therefore) still held by the Purchasers, and (ii) each Purchaser (A) whose Subscription Amount exceeds $10,000,000 and (B) who continues to hold at least 50% of the Securities (including any Parent Common Stock issued in exchange therefore) such Purchaser purchased on the Closing Date.
Purchaser Majority mean, collectively, the holders of at least fifty-one percent (51%) of the issued and outstanding Series A Stock (or the holders of at least fifty-one percent (51%) of the outstanding Convertible Debt if more than half of the original principal amount of the Convertible Debt has not been converted for any reason) and the holders of at least fifty-one percent (51%) of the issued and outstanding Series B Stock (or the holders of at least fifty-one percent (51%) of the outstanding Loans if more than half of the original principal amount of the Loans has not been converted for any reason).
Purchaser Majority means Purchasers having a majority of the Subscription Amounts.