Common use of Major Holder Clause in Contracts

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. The For purposes of this Section 6, the term "Major Holder" with respect to any class of Investor Securities shall mean any Holder that holds at least 1,000,000 shares of Registrable Securities (i) youas adjusted for stock splits, so long as you hold stock dividends, recapitalizations and like events); provided, however, that class the term Major Holder shall in no event include any transferee or assignee of Investor Securities, or (ii) any holder of 25% or more Registrable Securities who the Company reasonably believes is a direct competitor of the securities constituting Investor Securities of that class of Investor Securities then outstandingCompany.

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.