Majority Sellers definition

Majority Sellers means a majority (based on the number of Registrable Securities owned) of the Holders eligible to sell pursuant to this Agreement.

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Majority Sellers means (i) in the case of any offering or proposed offering pursuant to a shelf "draw-down" of Registrable Securities registered pursuant to a Shelf Registration, the Holders of a majority of the Registrable Securities so offered or proposed to be so offered, and (ii) in the case of any other offering or proposed offering pursuant to any Registration, the Majority Registered Holders of the applicable registration statement.

Majority Sellers means Sellers holding in excess of 50% of the outstanding Securities.

Examples of Majority Sellers in a sentence

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; PROVIDED, HOWEVER, that neither the Company nor any Seller shall assign its rights or delegate its obligations under this Agreement without the express prior written consent of Buyer, and PROVIDED FURTHER that Buyer shall not assign its rights or delegate its obligations under this Agreement without the express prior written consent of the Majority Sellers.
If the Company has used and is then permitted to use registration statements pursuant to Rule 415 under the Securities Act and, if applicable, pursuant to an equivalent provision under Canadian Securities Laws, including National instrument 44-102, as applicable (the “Shelf Registration”) for the sale of IDSs or Common Stock, the Majority Sellers shall be permitted to request that any registration under this Article III be made under a Shelf Registration.
The Board may designate the managing underwriter of an offering pursuant to this Section 4(b), such underwriter to be reasonably acceptable to the Majority Sellers.
If in any requested registration pursuant to this Article III the Majority Sellers request that such registration shall be in the form of an underwritten offering, such offering shall be an underwritten offering and the Company, in consultation with the Majority Sellers, shall have the right to select any investment banker and manager or co-managers to administer the offering.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective against the parties that have executed and delivered the Agreement when one or more counterparts have been signed by all of the parties and delivered to Buyer and the Majority Sellers.

More Definitions of Majority Sellers

Majority Sellers is defined in Section 9.6.

Majority Sellers shall have the meaning set forth in Section 9.5.

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Majority Sellers means (i) the Principal Seller, (ii) the ▇▇▇▇▇▇▇▇▇ Family Foundation, Inc. and (iii) the following sub-trusts of the ▇▇▇▇▇▇▇▇▇ Family 2019 Irrevocable Trust: (1) Children’s Trust f/b/o ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇; (2) Children’s Trust f/b/o ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇; (3) Children’s Trust f/b/o ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇; (4) Grandchildren’s Trust f/b/o ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇; (5) Grandchildren’s Trust f/b/o ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇; (6) Grandchildren’s Trust f/b/o ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇; (7) Grandchildren’s Trust f/b/o Jacob ▇▇▇▇▇ ▇▇▇▇▇; (8) Grandchildren’s Trust f/b/o ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇; (9) Grandchildren’s Trust f/b/o ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇; (10) Grandchildren’s Trust f/b/o ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇; (11) Grandchildren’s Trust f/b/o Hannah ▇▇▇▇▇ ▇▇▇▇▇; and (12) Grandchildren’s Trust f/b/o ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇.

Majority Sellers means, in any case, the Principal Sellers holding a majority of the outstanding Purchased Securities acquired by the Buyer as of the Closing Date.

Majority Sellers shall have the meaning assigned to such term in Section 3.1(a).

Majority Sellers means Axcel and the Co-Investors;