Examples of Management Majority Holders in a sentence
The Independent Investment Banking Firm to provide the Section 6.5 Opinion shall be selected by agreement of the CSFB Majority Holders and the Management Majority Holders.
In the event such firm shall decline to serve, the Management Majority Holders shall, within three (3) business days of notice to that effect, select another firm from such three.
At any time not earlier than one hundred eighty (180) days after the closing of the first registered secondary offering following the Initial Public Offering, the Senior Management Majority Holders (as to such registration, the "Initiating Holders") may, by notice to the Company specifying the intended method or methods of disposition, request that the Company effect the registration under the Securities Act of all or a specified part of the Registrable Securities held by such Initiating Holders.
Except as otherwise provided herein, no modification, amendment or waiver of any provision of this Agreement shall be effective against the Company or the Securityholders unless such modification, amendment or waiver is approved in writing by each of the Company, the New Partner Majority Securityholders and the Management Majority Holders.
No Management Director may be removed without the consent of the Management Majority Holders.
If the Management Majority Holders do not object to the selection of such investment bank within fifteen (15) days after receipt of the First Notice, then the Fair Market Value shall be determined by such investment bank, and such determination shall be binding upon the parties hereto.
In the event a director shall cease to serve for any reason, then, in the case of a Connector Director, Connector shall have the right to designate a successor, and in the case of the Management Director, the Management Majority Holders shall have the right to designate a successor.
This Agreement may be amended, modified, extended or terminated, and the provisions hereof may be waived, by an agreement in writing signed by the Investors, Oak, Buyer, Company and the Management Majority Holders.
To elect as directors of the Company five (5) persons, if any, who shall have been nominated by Buyer in a written notice delivered to all of the holders of Shares (the "Buyer Directors"), and (ii) to elect as a director of the Company one person, if any, who shall have been nominated by the Management Majority Holders in a written notice delivered to all of the holders of Shares (the "Management Directors").
If the Management Majority Holders object, they shall send written notice of such objection to Oak within fifteen (15) days after receipt of the First Notice, which notice shall designate a second prominent national investment bank.