Majority Equityholder definition

Majority Equityholder means any equityholder indirectly owning more than 50% of the equity interests of the Borrower through the Equityholder. As of the Ninth Amendment Effective Date, the Majority Equityholder is BDCA.
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Majority Equityholder. The holder of holders representing more than 50% of the Issuer Equity Securities.
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Majority Equityholder. The Equityholder, if any, that holds more than 50% of the issued and outstanding limited liability company interests of the Borrower.
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Examples of Majority Equityholder in a sentence

  • On or prior to the Closing Date, the NIMS Board shall take such action as required to approve, and NIMS shall file with the Department of State of the State of Florida, articles of amendment to NIMS’ Articles of Incorporation (the “Series A-1 Preferred Designation”), designating a new class of NIMS Preferred Stock as Series A-1 Preferred (“Series A-1 Preferred”), containing those terms set forth on Exhibit B and such other terms as NIMS and the Majority Equityholder shall mutually and reasonably agree.

  • Upon the terms and subject to the conditions set forth in this Agreement, on the Closing Date, the Equityholders shall sell, convey, transfer, assign and deliver to NIMS (or a newly formed wholly owned subsidiary thereof as mutually determined by NIMS and the Majority Equityholder), free and clear of all Liens, all of the IXX Equity.

  • The Closing shall be held at such location as is agreed to by NIMS and the Majority Equityholder and, by such agreement, the Closing may take place by delivery of documents required to be delivered hereby by facsimile or other electronic transmission, including by email attachment.

  • Upon any resignation by or removal of such firm, the Majority Equityholder, on behalf of the Issuer, shall promptly appoint, by Issuer Order delivered to the Trustee, a successor thereto that shall also be a firm of Independent certified public accountants of recognized national reputation.

  • Any Opinion of Counsel also may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an Authorized Officer of the Issuer or Majority Equityholder certifying as to the factual matters that form a basis for such Opinion of Counsel and stating that the information with respect to such matters is in the possession of the Issuer unless such counsel knows that the certificate or opinion or representations with respect to such matters are erroneous.

  • The Majority Equityholder is the sole record and beneficial owner of all the IXX Trust Equity.

  • If, prior to the Closing Date, any such individual(s) is(are) unwilling or unable to serve in such officer position(s) as of the Closing Date, then the Majority Equityholder shall be entitled to appoint other individual(s) to serve in such officer position(s), and NIMS shall take all necessary corporate action to effect such appointments.

  • Subject to such individuals’ ability and willingness to so serve, NIMS shall take all necessary corporate action so that the Majority Equityholder and any other individuals designated in writing by the Majority Equityholder at any time prior to Closing be appointed to the NIMS senior executive officer positions specified by the Majority Equityholder, effective as of the Closing Date.

  • If the Majority Equityholder, on behalf of the Issuer, shall fail to appoint a successor to a firm of Independent certified public accountants which has resigned or been removed, within 30 days after such resignation or removal, the Issuer shall promptly notify the Trustee of such failure in writing.

  • Subject to the terms of this Section 12.1, prior to an Equity Control Termination Event, the Majority Equityholder shall have the right to direct the Special Servicer pursuant to the Servicing Agreement to sell any Collateral Interest in accordance with the terms of the Servicing Agreement and subject to the Servicing Standard.


More Definitions of Majority Equityholder

Majority Equityholder means any Equityholder owning more than 30% of the Capital Stock of the Borrower. As of the Closing Date, the sole Majority Equityholder is New Mountain Finance Corporation.
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Related to Majority Equityholder

  • Equityholder has the meaning set forth in the Preamble.

  • Equityholders has the meaning set forth in the Preamble.

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Majority Shareholders means Sxx Xxxxxx, Sxxxx Xxxxx, Mxxxxxx Xxxxx and Gxxxx XxXxxxxx.

  • Majority Stockholder means any person that would be a “50-percent shareholder” (within the meaning of section 382(g)(4)(D) of the U.S. Tax Code) of Common Stock if such person claimed a Worthless Stock Deduction at any time on or after the Petition Date.

  • Stockholder Group means the Stockholder and each Person (other than any member of the Company Group) that is an Affiliate of the Stockholder.

  • Permitted Holder Group shall have the meaning assigned to such term in the definition of “Permitted Holders.”

  • Majority Stockholders means any Stockholder or combination of Stockholders who at the date of this Agreement own shares of Company Common Stock representing more than two-thirds of the total number of shares of Company Common Stock outstanding at the date of this Agreement.

  • Company Securityholders means the Company Stockholders, Company Optionholders and Company Warrantholders, collectively.

  • Shareholder Group means (i) Shareholder and (ii) any Affiliate or Shareholder Family Entity (as defined in the Shareholder's Agreement) of Shareholder (other than the Company).

  • Principal Stockholders CERTAIN TRANSACTIONS," "DESCRIPTION OF SECURITIES," and "SHARES ELIGIBLE FOR FUTURE SALE" have been reviewed by such counsel, and insofar as they refer to statements of law, descriptions of statutes, licenses, rules or regulations or legal conclusions, are correct in all material respects;

  • Holder Representative has the meaning specified in Section 11.1.

  • Majority Owner has the correlative meaning.

  • Controlling Note Holder Representative shall have the meaning assigned to such term in Section 6(a).

  • Stockholder Associated Person of any stockholder means (A) any person controlling, directly or indirectly, or acting in concert with, such stockholder, (B) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such stockholder or (C) any person directly or indirectly controlling, controlled by or under common control with such Stockholder Associated Person.

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Holder Group means the Holder plus any other Person with which the Holder is considered to be part of a group under Section 13 of the Exchange Act or with which the Holder otherwise files reports under Sections 13 and/or 16 of the Exchange Act. In determining the number of Equity Interests of a particular class outstanding at any point in time, the Holder may rely on the number of outstanding Equity Interests of such class as reflected in (x) the Company’s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission, as the case may be, (y) a more recent public announcement by the Company or (z) a more recent notice by the Company or its transfer agent to the Holder setting forth the number of Equity Interests of such class then outstanding. For any reason at any time, upon written or oral request of the Holder, the Company shall, within one (1) Trading Day of such request, confirm orally and in writing to the Holder the number of Equity Interests of any class then outstanding. Anything herein to the contrary, any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Company. The provisions of this Section 10 shall be construed, corrected and implemented in a manner so as to effectuate the intended beneficial ownership limitation herein contained.

  • Shareholder Associated Person of any Shareholder means (i) any person controlling, directly or indirectly, or acting in concert with, such Shareholder, (ii) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such Shareholder, and (iii) any person controlling, controlled by or under common control with such Shareholder Associated Person.

  • Majority Owned means the holding beneficially or legally of more than 50 per cent of the issued share capital (or equivalent) or voting rights of such person (excluding any part of that issued share capital (or equivalent) that carries no right to participate beyond a specified amount in a distribution of either profits or capital);

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

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Controlling Shareholders means controlling shareholders of the Company, as such term is defined in the Ordinance.

  • Sub-Investment Manager means for each Fund any sub-investment manager or sub-investment managers indicated in the relevant Supplement and any sub-investment manager that the relevant Investment Manager may appoint in the future to manage the Fund, provided that disclosure of any such sub-investment managers appointed by the Investment Managers will be provided to Shareholders upon request and details thereof will be disclosed in the periodic reports to Shareholders, and provided further that each Sub-Investment Manager may appoint a sub-investment manager/advisor to manage/advise any portion of the assets of any Fund to which it has been appointed Sub-Investment Manager in accordance with the requirements of the Central Bank Rules;

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Principal Stockholder means, collectively, (i) the Sponsor and (ii) any affiliate or successor of a person referenced in clauses (i) and (ii) of this definition.