Examples of Majority Stockholder in a sentence
At any time or from time to time the Majority Stockholder may make a written request, which request will specify the aggregate number of Registrable Securities to be registered and will also specify the intended methods of disposition thereof (the “Request Notice”) to the Company for registration with the Commission under and in accordance with the provisions of the 1933 Act of all or part of the Registrable Securities then owned by the Majority Stockholder (a “Demand Registration”).
Each party agrees that it shall, from time to time after the date of this Agreement, execute and deliver such other documents and instruments and take such other actions as may be reasonably requested by the Company or the Majority Stockholder to carry out the transactions contemplated by this Agreement.
In addition to any rights of offset or setoff that Seller may have at common law or otherwise, any indemnification obligations hereunder of the Indemnitors to the Seller or any other indemnitee may, in the sole discretion of Seller, be offset or setoff by Seller against any shares of common stock held by the Majority Stockholder whereby the shares of common stock held by the Majority Stockholder may be cancelled if such indemnification event occurs.
Waxxx’x approval by written consent, as Majority Stockholder, will not be effective until 20 days after we mail an information statement to our stockholders in accordance with Schedule 14C under the Exchange Act.
The Registrable Securities to be included in such Demand Registration shall be apportioned pro rata among the Majority Stockholder and the Piggyback Holders according to the total number of shares of the Registrable Securities requested for inclusion by the Majority Stockholder and the Piggyback Holders, or in such other proportions as shall mutually be agreed to among the Majority Stockholder and the Piggyback Holders.