Additional Major Holder definition

Additional Major Holder means, from and after the date hereof, with the prior written consent of each of Solus, SDIC and each Holder that becomes an “Additional Major Holder” from and after the date hereof, if applicable, any Holder who is a party to this Agreement and was a party to this Agreement as of the Effective Date and who at any time owns greater than fifteen percent (15%) of the Fully Diluted Common Shares; provided, that the prior written consent of Solus and SDIC and each Additional Major Holder, if applicable, shall automatically be deemed to have been given if such Holder owns greater than fifteen percent (15%) of the Fully Diluted Common Shares unless (x) such Holder (including any Affiliates and Affiliated Funds thereof) owns, or later acquires, an aggregate three percent (3%) or more of the outstanding Equity Interests or voting rights in respect of any Company Competitor or possesses appointment or similar rights with respect to any Company Competitor’s board of directors, board of managers or similar governing body and, thereafter, (y) the Company determines in good faith, based on consultation with outside antitrust counsel, that such Holder becoming an Additional Major Holder (including, for the avoidance of doubt, receiving the Director Designation Rights) could reasonably be expected to create an adverse antitrust issue for the Company, including, for the avoidance of doubt, the Company’s ability to pursue business combinations.
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Additional Major Holder means, from and after the Effective Date, except as otherwise provided below, with the prior written consent of each then existing Major Holder, any Holder who is a party to this Agreement who at any time owns greater than 12.5% of the Fully Diluted Common Shares; provided, that the prior written consent of the then existing Major Holders shall automatically be deemed to have been given if such Holder owns greater than 12.5% of the Fully Diluted Common Shares unless such Holder (including any Affiliates and Affiliated Funds thereof (other than any such Affiliate or Affiliated Fund that is separated from such Holder by an effective information wall)) owns an aggregate three percent (3%) or more of the outstanding Equity Interests or voting rights in respect of any Company Adverse Person, possesses any appointment or similar rights with respect to any Company Adverse Person’s board of directors, board of managers or similar governing body, or possesses any veto or similar rights over any of such Company Adverse Person’s actions (collectively, any such interests and/or rights referred to in this proviso, a “Disqualifying Interest in a Company Adverse Person”).
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Related to Additional Major Holder

  • Major Holder means with respect to any registration the Holder that, together with its Affiliates, includes the largest number of Registrable Securities in such registration.

  • FTR Holder means the PJM Member that has acquired and possesses an FTR.

  • Major Investor means any Investor that, individually or together with such Investor’s Affiliates, holds at least 1,000,000 shares of Registrable Securities (as adjusted for any stock split, stock dividend, combination, or other recapitalization or reclassification effected after the date hereof).

  • or "Holder The Person in whose name a Certificate is registered in the Certificate Register, except that a Disqualified Organization or a Non-United States Person shall not be a Holder of a Residual Certificate for any purposes hereof and, solely for the purposes of giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor or the Master Servicer or any Affiliate thereof shall be deemed not to be outstanding and the Voting Rights to which it is entitled shall not be taken into account in determining whether the requisite percentage of Voting Rights necessary to effect any such consent has been obtained, except as otherwise provided in Section 11.01. The Trustee and the NIMS Insurer may conclusively rely upon a certificate of the Depositor or the Master Servicer in determining whether a Certificate is held by an Affiliate thereof. All references herein to "Holders" or "Certificateholders" shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee and the NIMS Insurer shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Senior Holder means, (i) the Note Holders of Series A until the Secured Obligations in respect of Series A Equipment Notes have been paid in full, (ii) after the Secured Obligations in respect of Series A Equipment Notes have been paid in full, the Note Holders of Series B until the Secured Obligations in respect of Series B Equipment Notes have been paid in full and (iii) after the Secured Obligations in respect of Series B Equipment Notes have been paid in full, the Note Holders of Series C until the Secured Obligations in respect of Series C Equipment Notes have been paid in full.

  • Effective FTR Holder means:

  • Initial Holders has the meaning set forth in the preamble.

  • Additional Holder shall have the meaning given in Section 5.10.

  • Initial Holder has the meaning set forth in the preamble.

  • Initiating Holder has the meaning set forth in Section 2.01(a).

  • Term SOFR Notice means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event.

  • Series B Holder means a Record Holder of the Series B Preferred Units.

  • Initial Note A-8 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Investor Majority means [the holders of at least [ ] per cent of Series A Shares from time to time] [Note: amend as appropriate];

  • Initial Note A-6 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Electing Holder means any holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(d)(ii) or 3(d)(iii) hereof.

  • Initial Member has the meaning set forth in the introductory paragraph.

  • Initial Note A-7 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Holder Limit means a number of the Outstanding shares of Class B Preferred Stock of the Corporation having an Aggregate Value not in excess of the excess of (x) 15% of the Aggregate Value of all Outstanding shares of Equity Stock over (y) the Aggregate Value of all shares of Equity Stock other than Class B Preferred Stock that are Beneficially Owned by the Initial Holder. From the Issue Date, the secretary of the Corporation, or such other person as shall be designated by the Board of Directors, shall upon request make available to the representative(s) of the Initial Holder and the Board of Directors, a schedule that sets forth the then-current Initial Holder Limit applicable to the Initial Holder.

  • New Securities means, collectively, equity securities of the Company, whether or not currently authorized, as well as rights, options, or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or exchangeable into or exercisable for such equity securities.

  • Series A Holder means a Record Holder of the Series A Preferred Units.

  • Term SOFR Replacement Date has the meaning specified in Section 3.03(b).

  • Qualifying Holder shall have the meaning ascribed thereto in Section 12 hereof.

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Initial Note A-2-2 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Note A-3 Holder shall have the meaning assigned to such term in the preamble to this Agreement.