Common use of Calculation of Majority Clause in Contracts

Calculation of Majority. For purposes of determining whether the Holders of a majority of the Registrable Securities have taken action pursuant thereto, any Warrants then outstanding shall be deemed to have been converted into Underlying Common Stock which shares shall be treated as outstanding for purposes hereof.

Calculation of Majority. For purposes of determining whether the Holders of a majority of the Registrable Securities have taken action pursuant thereto, any Warrants Preferred Shares then outstanding shall be deemed to have been converted into Underlying Common Stock Shares, which shares shall be treated as outstanding for purposes hereof.