Common use of Majority Holders Clause in Contracts

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. Majority Holders shall mean the holder or holders at the relevant time of determination (excluding the Company) of (a) in the case of the Preferred Stock, 51% or more of the (a) number of Warrant Shares for which the issued and outstanding Warrants are then exercisable and shares of the Preferred Stock, or (b) in the case of the Warrants and Warrant Stock, 51% or more of the sum of the number of shares of (i) Warrant Stock then issued issuable upon exercise of the outstanding Warrants and (ii) the then outstanding shares of Warrant SharesStock.

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 BBV Securities; provided, that, at such time as no BBV Securities are outstanding, then Majority Holders shall mean the issued and outstanding Warrants are then exercisable and holder or holders at the relevant time of determination (bexcluding the Company) then issued and outstanding Warrant Sharesof 51% or more of BBV Preferred Securities. Non-Transferring Securityholder. See Section 2.2.

Majority Holders. Majority Holders shall mean the holder or holders at the relevant time of determination (excluding the Company) of 5150.1% or more of the (a) sum of the number of (i) Warrant Shares for which the issued and outstanding Warrants are then exercisable and (bii) then issued and outstanding Warrant Converted Common Shares.

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 in the case of Warrant Shares for which the issued and Notes, at least 51% of the then outstanding Warrants are then exercisable and principal amount of the Notes, (b) in the case of the Warrants, Warrant Stock and Common Shares, at least 51% of the number of (i) shares of Warrant Stock then issued issuable upon exercise of the outstanding Warrants and (ii) the then outstanding shares of Warrant Stock and Common Shares., (c) in the case of the Preferred Shares, at

Majority Holders. Majority Holders shall mean the holder or holders at the ----------------- relevant 'time of determination (excluding the Company) of (a) in the case of the Notes, 51% or more in outstanding principal amount of the Notes, or (b) in the case of the Purchased Common Stock, 51% or more of the (a) number of Warrant Shares for which shares of the issued and then outstanding Warrants are then exercisable and (b) then issued and outstanding Warrant Sharesshares of Purchased Common Stock.