Clause 6. 4 applies where the rights of the Administrative Agent under Clause 6.2 are so extensive in relation to a body corporate which has issued Affected Securities (the “Issuer”) that: 6.3.1 the Administrative Agent (or its nominee) holds a majority of the voting rights of the Issuer; or 6.3.2 the Administrative Agent (or its nominee) is a member of the Issuer and has the right to appoint or remove a majority of its board of directors; or 6.3.3 the Administrative Agent (or its nominee) is a member of the Issuer and controls alone, pursuant to an agreement with other shareholders or members, a majority of the voting rights of the Issuer.
Appears in 5 contracts
Samples: Security Interest Agreement, Security Interest Agreement, Security Interest Agreement (Mimecast LTD)
