HOLDER INTEREST definition
HOLDER INTEREST means, with respect to any Holder, the percentage of issued and outstanding Common Stock represented by the shares of Common Stock owned by such Holder and its Affiliates; PROVIDED, HOWEVER, that shares of Common Stock indirectly owned through an intermediary (I) of which such Holder owns less than 1% of the issued and outstanding common shares or (II) in connection with which Holder has no right to direct the vote of shares of the Company shall not be included in the Holder Interest of such Holder.