Major Holder definition

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.

Major Holder means any Investor that, individually or together with such Investor’s Affiliates, holds at least 2,000,000 shares of Registrable Securities (as adjusted for any stock split, stock dividend, combination, or other recapitalization or reclassification effected after the date hereof).

Major Holder means a holder of at least 2.5% of the issued and outstanding shares of the Company, on an as converted basis and with respect solely to Article 14 – a holder of at least 2% of the issued and outstanding shares of the Company, on an as converted basis.

Examples of Major Holder in a sentence

• Subject to the terms and conditions specified in this Section 2.4, the Company hereby grants to each Major Holder a right of first offer with respect to future sales by the Company of its Shares (as hereinafter defined).

• Notwithstanding the foregoing, a Holder shall not be subject to this Section 3.3 with respect to an Underwritten Offering unless each Major Holder and each of PubCo’s directors and executive officers have executed a lock-up agreement on terms at least as restrictive with respect to such Underwritten Offering as requested of the Holders.

• The Company shall provide to each Major Holder copies of each of the management letters of the Company’s accountants.

• Each such Major Holder shall have such other access to management and information as is necessary for it to comply with applicable laws and regulations and reporting obligations.

• The Company hereby grants to each Major Holder the right of first refusal to purchase its pro rata share of New Securities (as defined in this Section 4.1(a)) which the Company may, from time to time, propose to sell and issue after the date of this Agreement.

More Definitions of Major Holder

Major Holder each officer and director of the Company and each record or beneficial owner, as of the date hereof, of more than 1% of the outstanding shares of securities of the Company (for purposes of determining record or beneficial ownership of a stockholder, all shares of securities held by investment funds affiliated with such stockholder shall be aggregated).

Major Holder shall have the meaning set forth in Section 4.1.

Major Holder means any Person that, together with its Affiliates, owns five (5) percent or more of the outstanding shares of Common Stock of the Company.

Major Holder means, as of any time of determination, any Holder that either (a) has an Economic Ownership Percentage of five percent or more or (b) has a Voting Power Percentage of five percent or more.

Major Holder. (i) each officer and director of the Company as well as any members of the immediate family of each officer and director (as well as any family vehicle for the benefit of any such person) that holds outstanding shares of capital stock of the Company, (ii) each investment fund affiliated with any director of the Company that holds outstanding shares of capital stock of the Company, and (iii) each other record or beneficial owner of shares of preferred stock, or shares of common stock issued or issuable upon conversion of such shares of preferred stock, representing more than one percent (1%) (aggregating ownership of affiliates), on an as-converted basis, of the shares of capital stock of the Company outstanding immediately prior to the Public Offering.

Major Holder means each (i) director and officer of the Company, and (ii) record or beneficial owner, as of the date hereof, of more than 5% of the outstanding shares of the Company’s Common Stock (for purposes of determining record or beneficial ownership of a shareholder, all shares of Common Stock held by investment funds affiliated with such shareholder shall be aggregated). Notwithstanding the foregoing, no early release shall result in a Pro-Rata Release if such early release, in full or in part, is in connection with any underwritten public offering, whether or not such offering or sale is wholly or partially a secondary offering of the Common Stock, during the Lock-Up Period (a “Follow-On Offering”); provided that the undersigned, to the extent the undersigned has a contractual right to demand or require the registration of the undersigned’s Common Stock or otherwise “piggyback” on a registration statement filed by the Company for the offer and sale of its Common Stock, (i) shall be offered the opportunity to participate in such Follow-On Offering or (ii) such contractual rights are waived by the undersigned pursuant to the terms thereof. Additionally, notwithstanding any other provisions of this lock-up agreement, any early release from a lock-up agreement due to circumstances of an emergency or hardship for a director or officer of the Company shall not result in a Pro-Rata Release.

Major Holder means any Person or group of Affiliated Persons that hold a minimum of 15% of the Registrable Securities as of the effective date of the Plan.