Examples of Majority Holder in a sentence
If objections are received, the Issuer shall forthwith notify the Majority Holder and NZX of that fact.
If the fee and expenses of that person is to be borne by the objectors in terms of (i), the Majority Holder shall deduct that amount from the consideration payable by the Majority Holder to the objectors, in proportion to their holdings (and may, if the consideration is not cash, deduct and sell sufficient of that consideration to produce sufficient cash).
As of the date hereof, it is expected that the Majority Holder will receive a majority of the New Holdco Common Stock and will be in a position to control the outcome of actions requiring shareholder approval.
If the Manager fails to execute any such transfer, the Majority Holder may do so.
The Acquisition Notice shall specify the consideration which the Majority Holder is prepared to provide.