Majority Shareholder Group definition

Majority Shareholder Group. , means collectively, a Majority Shareholder and his/its Affiliates which are Members.
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Majority Shareholder Group means, as of any date of determination, the Shareholder Group that is entitled to nominate a majority of the Directors.
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Majority Shareholder Group shall have the meaning assigned to it in Section 9.1(c).
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Examples of Majority Shareholder Group in a sentence

  • In consideration for the Shares, Buyer will pay the amount of $225,000 ($ 0.0304465 per share) ("Cash Consideration") and issue to Majority Shareholder Group, pro rata, 2,000,000 shares of post 5:1 forward split unissued common stock of Buyer ("Stock Consideration").

  • Buyer will purchase from Majority Shareholder Group 7,390,000 shares of the Company's common stock, or approximately 73.44% of the 10,062,234 total issued and outstanding shares of common stock of the Company (the "Shares") for a total consideration of $225,000.00, or $ 0.0304465 per share ("Purchase Price").

  • Remittance details: 5.I/We accept that the disposal of any of the remaining equity shares, which have not been subscribed by me from the Rights Offering and in respect of which I/we have not renounced my/our rights in favour of any other person, by the Board per its discretion (including to the Majority Shareholder Group) shall not be disadvantageous to shareholders of the Company and the Company.

  • However, there is no guarantee or commitment that the Majority Shareholder Group will ultimately decide to exercise any or all of its subscription rights or its Over-Subscription Right.The Rights Offer Documents do not constitute an offer to sell, or a solicitation of an offer to purchase, the equity shares offered hereby in any jurisdiction where it is unlawful to make such offer or solicitation.


More Definitions of Majority Shareholder Group

Majority Shareholder Group means, collectively, all Holders who, together with their Affiliates, hold more than 50% of the Designated Shares then outstanding.
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Related to Majority Shareholder Group

  • 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.

  • 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).

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

  • 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.

  • 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.

  • Minority Shareholders means holders of Shares that were not tendered pursuant to the Offer or in the Subsequent Offering Period (as it may be extended by the Minority Exit Offering Period).

  • 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.

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

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

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

  • 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.

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

  • Management Shareholders means Xxxxxx X. Xxxx, Xxxx X. Xxxxxxx, and Xxxxxx X. Xxxxxxxxx.

  • Major Stockholders means those stockholders owning more than ten percent (10%) of the voting stock of any

  • 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.

  • Class A Shareholder means a holder of Class A Shares;

  • 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;

  • Common Shareholders means the holders of the Common Shares.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

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

  • Company Shareholder means any holder of any Company Shares.

  • Ordinary Shareholders means holders of Ordinary Shares;

  • 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.”