Majority Investors definition
Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.
Majority Investors means the Investors that are holders of a majority of all Investor Registrable Securities, measured by reference to shares of Common Equity beneficially owned or issuable upon conversion of an Investor Registrable Security.
Majority Investors means, at any time, each of the Alternate Investors which hold Commitments aggregating in excess of 50% of the Maximum Net Investment as of such date (or, if the Commitments shall have been terminated, one or more Alternate Investors whose aggregate pro rata shares of the Net Investment exceed 50% of the aggregate share of the Net Investment held by all Alternate Investors).
Examples of Majority Investors in a sentence
If there is an Equity Financing before the termination of this Safe, the Investor, or the Majority Investors (whose action in such case shall bind all investors under the SAFE Series) shall have the right (but not the obligation, unless determined otherwise by the Majority Investors) to convert the entire Purchase Amount, on the initial closing of such Equity Financing, into the number of shares of Safe Preferred Stock equal to the Purchase Amount divided by the Equity Financing Discount Price.
More Definitions of Majority Investors
Majority Investors means, at any time, those Committed Investors that hold Commitments aggregating in excess of fifty percent (50%) of the Facility Limit as of such date (or, if the Commitments shall have been terminated, the Investors whose aggregate pro rata shares of the Net Investment exceed fifty percent (50%) of the Net Investment).
Majority Investors shall have the meaning specified in Section 10.1(a) hereof.
Majority Investors means Investors representing in the aggregate 50% or more of the Backstop Commitment at such time.
Majority Investors means (i) the holders of not less than 70% of the outstanding shares of Series B Preferred Stock and (ii) the Senior Majority (as defined in the Series A-1 Certificate), collectively.
Majority Investors means, at any time, the Agent and those Bank Investors which hold Commitments aggregating in excess of 50% of the Facility Limit as of such date. In the event the Agent requests the Company's or a Bank Investor's consent pursuant to the foregoing provisions and the Agent does not receive a consent (either positive or negative) from the Company or such Bank Investor within 10 Business Days of the Company's or Bank Investor's receipt of such request, then the Company or such Bank Investor (and its percentage interest hereunder) shall be disregarded in determining whether the Agent shall have obtained sufficient consent hereunder.
Majority Investors means, at any time, the Agent and those Bank Investors which hold Commitments aggregating in excess of 50% of the Facility Limit as of such date.
Majority Investors has the meaning set forth in the JBA.