Majority Holders. Holders of a majority of the Registrable Securities held by all Holders at the time of any request for registration pursuant to Section 2.1(a).
Majority Holders. Majority Holders shall mean the holder or holders at the relevant time of determination (excluding the Company) of 51% or more of the (a) number of Warrant Shares for which the issued and outstanding Warrants are then exercisable and (b) then issued and outstanding Warrant Shares.
Majority Holders. Holders of a majority of the Registrable Securities ---------------- held by all Holders at the time of any request for registration pursuant to Section 2.1(a). Person: An individual, corporation, partnership, limited liability ------ company, trust, unincorporated organization or a government or any agency or political subdivision thereof. Prospectus: The definitive prospectus included in any Registration ---------- Statement, as amended or supplemented by any prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by the Registration Statement and by all other amendments and supplements to the prospectus, including post-effective amendments and all material incorporated by reference in such prospectus.
Majority Holders. May File Proofs of Claim In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Note or the Property of the Company or of such other obligor or their creditors, the Majority Holders (irrespective of whether the principal of the Note shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Majority Holders shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise,
(1) to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect of the Note and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Holders (including any claim for the reasonable expenses, disbursements and advances of such Holders, their agents and counsel) and of any other Noteholders allowed in such judicial proceeding, and the reasonable compensation of such agents and counsel, and
(2) to collect and receive any moneys or other Property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or similar official in any such judicial proceeding is hereby authorized by each Noteholder to make such payments to the Majority Holders due them for the reasonable expenses, disbursements and advances of such Holders, their agents and counsel and the reasonable compensation of such agents and counsel, and to pay all such other sums due under the Note. In the absence of such appointment, any such sums shall be paid for the rateable benefit of all the Noteholders. Nothing herein contained shall be deemed to authorize the Majority Holders, except as permitted by law and these Terms and Conditions, to authorize or consent to or accept or adopt on behalf of any Noteholder any plan of reorganization, arrangement, adjustment or composition affecting the Note or the rights of any Noteholder thereof, or to authorize the such Holder to vote in respect of the claim of any Noteholder in any such proceeding, except to the extent permitted by law.
Majority Holders. The term “Majority Holders” shall mean the holders of at least 66 2/3% of the Preferred Stock.
Majority Holders. The holders of a majority of the aggregate principal amount of Notes or a majority of the Conversion Shares, as applicable; provided, that for purposes of Section 10(c), any Notes or Conversion Shares held by the Company or any of its affiliates (as such term is defined in Rule 405 under the Securities Act) (other than the Initial Purchaser or subsequent Holders of Notes or Conversion Shares if such subsequent Holders are deemed to be affiliates of the Company solely by reason of their holding Notes or Conversion Shares) shall not be counted in determining whether any consent was given.
Majority Holders the holders of at least 51% of the Registrable Securities that are participating in the registration at issue.
Majority Holders. All payments due hereunder (to the extent not converted into Common Stock in accordance with the terms hereof) shall be made in lawful money of the United States of America, provided that, to the extent that any accrued Dividend has not been paid when due, the Series C-2 Majority Holders and the Corporation may agree, in whole or in part, that such accrued and unpaid Dividend may be added to the Series C-2 Stated Value of the Series C-2 Preferred Stock and, at such time, cease being an accrued and unpaid Dividend, in which event Dividends shall accrue thereon in accordance with the terms of this Certificate of Designation and such additional Series C-2 Stated Value shall be convertible into Common Stock in accordance with the terms of this Certificate of Designation. All payments shall be made at such address as the Series C-2 Holder shall hereafter give to the Corporation by written notice made in accordance with the provisions of this Certificate of Designation. Whenever any amount expressed to be due by the terms of this Certificate of Designation is due on any day which is not a Business Day, the same shall instead be due on the next succeeding day which is a Business Day.
Majority Holders. Majority Holders means, unless otherwise specifically provided in this Agreement, the holder or holders at the relevant time (excluding the Company and its Subsidiaries) of, initially, (a) in the case of the Note (or in the case of any subdivision or partial assignment of any Note), more than 50% in outstanding principal amount of the outstanding Note and the outstanding resulting Notes for as long as any Note or resulting Notes are outstanding, and (b) after payment in full of the principal of and interest on the Note, in the case of the Warrant and Warrant Stock, more than 50% of the sum of the number of shares of Warrant Stock then issuable upon exercise of the outstanding Warrant plus the number of then issued and outstanding shares of Warrant Stock. MAXIMUM RATE. See Section 3.6(b).
Majority Holders. On or after the one year anniversary of the Original Issue Date, the Holders of a majority of the then outstanding principal amount of Notes (the “Majority Holders”) shall have the right to require the Company to redeem in cash (subject to applicable restrictions under Nevada law) all or any portion of the Notes held by such Majority Holders for an amount equal to 120% of the then outstanding principal amount of Notes being redeemed, plus accrued but unpaid interest; provided, however, that any such election to redeem shall be submitted in writing by the Majority Holders to the Company not less than 20 calendar days prior to the date selected by the Majority Holders for such redemption (the “Redemption Date”).
