Majority of Shareholders definition

Majority of Shareholders means those Shareholders who hold in the aggregate in excess of 50% of the voting power of Shares held by all of the Shareholders.
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Majority of Shareholders means those Shareholders who hold in the aggregate in excess of 50% of the New Preferred Shares held by all of the Shareholders.
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Majority of Shareholders means (i) holders of at least a majority of the Registrable Shares then held by all Shareholders and (ii) holders of a majority of all Investor Shares (an "Investor Majority") as such.
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Examples of Majority of Shareholders in a sentence

  • Subject to clause 14.7 and the Corporations Act, if at any time the Company proposes to issue to any person any additional securities (Additional Securities), then, unless a Simple Majority of Shareholders otherwise consent in writing, the Company must first invite each Shareholder to offer to subscribe for Additional Securities in accordance with its Specified Proportion.

  • Subject to clause 14.9 and without limiting clause 14.3, unless approval is obtained from a Simple Majority of Shareholders, the Company must not, in any 12-month period, issue Shares in excess of 7.5% of the total number of Shares on issue in the Company (the 7.5% limit).


More Definitions of Majority of Shareholders

Majority of Shareholders means fifty percent plus one of all outstanding voting securities. Shareholders not casting votes shall not count toward affirmative authorization under this subchapter.
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Majority of Shareholders means any group of Shareholders representing a majority of the Preferred Stock then outstanding.
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Majority of Shareholders means each resolution and/or decision to be made under this Shareholders’ Agreement, unless not provided otherwise, with a simple majority (i.e. 50% plus one vote) of the Shareholders on the basis of the respective total stated capital of such Shares.
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Related to Majority of Shareholders

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

  • 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.

  • Ordinary Shareholders means holders of Ordinary Shares;

  • Preferred Shareholders means the holders of Preferred Shares.

  • Resolution of Shareholders means either:

  • 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.

  • Common Shareholders means the holders of the Common Shares.

  • 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.

  • Public Shareholders means the holders of Ordinary Shares included in the Units issued in the Public Offering; (v) “Public Shares” shall mean the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

  • special meeting of shareholders means a meeting of any particular class or classes of shareholders and a meeting of all shareholders entitled to vote at any annual meeting of shareholders at which special business is to be transacted.

  • Group of Shareholders means the group of persons: (i) bound by contracts or agreements of any nature, including shareholders’ agreements, either directly or by means of controlled or controlling companies or companies under common control; or (ii) among which there is a controlling relationship; or (iii) that are under common control; or (iv) that act in the representation of a common interest. Examples of persons representing a common interest include: (a) a person holding, directly or indirectly, an equity interest equal to or greater than fifteen percent (15%) of the capital stock of another person; and (b) two persons having a third investor in common that holds, directly or indirectly, an equity interest equal to or greater than fifteen percent (15%) in the capital stock of each of the two persons. Any joint ventures, funds or investment clubs, foundations, associations, trusts, condominiums, cooperatives, securities portfolios, universality of rights, or any other forms of organization or enterprise, organized in Brazil or outside Brazil, shall be deemed members of one Group of Shareholders whenever two or more such entities: (y) are managed by one single legal entity or related parties of one single legal entity; or (z) have most of their directors and executive officers in common, but in the case of investment funds with a common manager, only such entities in which the determination of the vote to be held at a Shareholders’ Meetings, as determined by the respective statutes, is in the manager’s sole discretion, shall be deemed as part of the Group of Shareholders;

  • Independent Shareholders means holders of Voting Shares, other than:

  • Common Stockholders means holders of shares of Common Stock.

  • Company Shareholders means the registered or beneficial holders of the Company Shares, as the context requires;

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

  • Existing Shareholders has the meaning set forth in the preamble.

  • General Meeting means the annual or any special general meeting of the Association.

  • unanimous shareholder agreement means either: (i) a lawful written agreement among all the shareholders of the Corporation, or among all the shareholders and one or more persons who are not shareholders; or (ii) a written declaration of the registered owner of all of the issued shares of the Corporation; in each case, that restricts, in whole or in part, the powers of the directors to manage, or supervise the management of the business and affairs of the Corporation, as from time to time amended.

  • Age of majority means the age when the procedural safeguards and other rights afforded to the parent or parents of a student with a disability transfer to the student. In Virginia, the age of majority is 18.

  • Company Shareholders Meeting shall have the meaning set forth in Section 5.2(b).

  • Stockholders means the stockholders of the Corporation.

  • Scheme Shareholders means the holders of Scheme Shares;

  • Majority of Holders Holders holding over 50% of the aggregate principal amount of Notes outstanding; provided that, for the purpose of this Agreement, a holder of shares of Common Stock which constitute Transfer Restricted Securities shall be deemed to hold an aggregate principal amount of the Notes (in addition to the principal amount of the Notes held by such holder) equal to the quotient of (x) the number of such shares of Common Stock held by such holder and (y) the conversion rate in effect at the time of their issuance upon conversion of the Notes as determined in accordance with the Indenture.

  • 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.

  • Initial Shareholders means the Sponsor, the Directors and officers of the Company or their respective affiliates who hold shares prior to the IPO;