Major Purchaser definition

Major Purchaser means any one of the minimum number of purchasers taking 95 percent of the oil in Osage County, Oklahoma. Any oil purchased by a purchaser from itself, its subsidi- aries, partnerships, associations, or other corporations in which it has a fi- nancial or management interest shall be excluded from the determination of a major purchaser.

Major Purchaser means a Purchaser, or group of Purchasers that are Affiliates (including affiliated funds), that purchases $3 million or more of Securities, in the aggregate, at the Closing.

Major Purchaser means each Purchaser that, alone or when aggregated with the subscription pursuant to this Agreement of any Affiliate, subscribes pursuant to this Agreement at least 20% of the Shares issued under this Agreement and who continues to be the Beneficial Holder of at least 50% of such Shares subscribed for under this Agreement by such Purchaser and such Purchaser’s Affiliates, when aggregated with the beneficial holdings of such Purchaser’s Affiliates.

Examples of Major Purchaser in a sentence

• The Company shall permit each Major Purchaser to visit and inspect the Company’s properties, to examine its books of account and records and to discuss the Company’s affairs, finances and accounts with its officers, all at such reasonable times as may be requested by such Major Purchaser.

• Any Major Purchaser will remain a Major Purchaser for all purposes in the Next Financing Documents to the extent such concept exists.

• If the Company proposes to undertake an issuance of New Securities, it shall give notice to each Major Purchaser of its intention to issue New Securities (the “Notice”), describing the type of New Securities and the price and the general terms upon which the Company proposes to issue the New Securities.

• Each Major Purchaser will have (10) days from the date of notice, to agree in writing to purchase such Major Purchaser’s Pro Rata Share of such New Securities for the price and upon the general terms specified in the Notice by giving written notice to the Company and stating therein the quantity of New Securities to be purchased (not to exceed such Major Purchaser’s Pro Rata Share).

• A Major Purchaser’s “Pro Rata Share” for purposes of this right of first refusal is the ratio of (a) the number of shares of the Company’s Common Stock issued or issuable upon conversion of the shares of Series Seed Preferred Stock owned by such Major Purchaser, to (b) the Fully-Diluted Share Number.

More Definitions of Major Purchaser

Major Purchaser means each of (i) Fidelity Management and Research Company or its Affiliates and successors, (ii) Xxxxxx Investment Management, LLC or its Affiliates and successors, (iii) Xxxxxxxx Global Healthcare Master Fund, Ltd. or its Affiliates and successors and (iv) any Investor that that receives, directly or indirectly, investment management or investment advisory services from X. Xxxx Price Associates, Inc. (or its Affiliates and successors) with respect to its ownership interest in the Company (such Investor, a “X. Xxxx Price Investor”).

Major Purchaser means any person who, originally or as a result of the transaction, assignment or transfer, owns in the aggregate at least 250,000 shares of Preferred Stock and/or Common Stock of the Company (as adjusted for any stock split, combination, reclassification or other similar event).

Major Purchaser means a Purchaser purchasing not less than 400,000 Shares so long as such Purchaser continues to own not less than 200,000 Shares. For purposes of determining the number of Shares held by a Purchaser: (i) the foregoing numbers shall be adjusted for any stock splits, stock dividends, recapitalizations or similar events; (ii) Shares shall include Shares which have been converted into Common Stock so long as such Common Stock is held by such Purchaser; and (iii) Shares shall include Shares held by affiliates of such Purchaser and, with respect to a Purchaser that is a corporation or partnership, Shares distributed to and held by its shareholders and partners.

Major Purchaser means a Purchaser holding not less than 250,000 Shares. For purposes of determining the number of Shares held by a Purchaser, the foregoing number shall be adjusted for any stock splits, stock dividends, recapitalizations or

Major Purchaser means any Holder (other than the Affiliated Holder) that purchased 500,000 Units, or more, pursuant to the Purchase Agreement. For purposes of this Agreement, the Shares purchased by a Holder shall include the Shares of all of its related persons that have also purchased Shares under the Purchase Agreement.

Major Purchaser means any Purchaser that, individually or together with such Purchaser’s Affiliates, holds at least 9,000,000 shares of Common Stock issued or issuable upon conversion of the Preferred Stock of the Company (as adjusted for stock splits, stock dividends, combinations, recapitalizations or the like).

Major Purchaser means (i) prior to Closing any Purchaser who, together with its Affiliates, has agreed to invest at least $5,000,000 pursuant to this Agreement and (ii) from and after Closing, any Purchaser who, together with its Affiliates, beneficially owns (as determined pursuant to Rule 13d-3 under the Exchange Act but without giving effect to any limitation on the conversion of the Preferred Shares included in the Certificate of Designation) at least 2,500,000 shares of Common Stock (appropriately adjusted for any stock split, reverse stock split, stock dividend or other reclassification or combination of the Common Stock occurring after the date hereof).