Major Holder Sample Clauses
The "Major Holder" clause defines a specific threshold of ownership or interest in a company or asset, typically identifying parties who hold a significant percentage of shares or units. In practice, this clause sets out the criteria for who qualifies as a major holder, such as owning more than a certain percentage of outstanding shares, and may grant these holders special rights or obligations, like enhanced voting power or information rights. Its core function is to distinguish between ordinary and significant stakeholders, ensuring that those with substantial interests are recognized and may be given additional influence or protections in corporate governance or contractual arrangements.
Major Holder. The term "Major Holder" with respect to any class of Investor Securities shall mean (i) you, so long as you hold that class of Investor Securities, or (ii) any holder of 25% or more of the securities constituting Investor Securities of that class of Investor Securities then outstanding.
Major Holder. Major Holder shall mean the holder or holders at the relevant time (excluding the Company) of (a) in the case of the Series A Preferred Stock, at least 10% of the then outstanding shares of Series A Preferred Stock, (b) in the case of the Converted Common Shares, Warrants and Warrant Shares, at least 10% of the total number of (i) the then outstanding Converted Common Shares, (ii) Warrant Shares then issuable upon exercise of the outstanding Warrants plus (iii) then outstanding Warrant Shares, and (c) if no class of Securities is referred to, the Major Holders of the Series A Preferred Stock and the Major Holders of the Converted Common Shares, Warrants and/or Warrant Shares.
Major Holder. Major Holder shall mean the holder or holders at the relevant time (excluding the Company) of at least 10% of the total number of then outstanding Common Shares (with each holder of then issued and outstanding Warrants being treated for purposes of the determination of Major Holders as if such holder was the holder of that number of Common Shares into which such Warrants would be converted at the time of determination pursuant to the Company's Charter and such Warrants).
Major Holder. The term “Major Holder” shall mean any Holder that owns not less than three percent (3%) of the outstanding shares of the Company’s capital stock on a fully-diluted basis (i.e., assuming the exercise, exchange, or conversion, as the case may be, of all options, warrants, and other securities exercisable or exchangeable for, or convertible into, shares of the Company’s capital stock, and all phantom equity, RSUs, and similar contractual rights tracking the value of the Company’s capital stock).