Requisite Shares definition

Requisite Shares means a number of Registrable Securities equal to not less than 25% of the Registrable Securities held in the aggregate by all Holders.
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Requisite Shares means a number of Warrants, Warrant Shares and Registrable Securities equivalent to a majority of the Warrant Shares subject to the originally issued Warrants.
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Requisite Shares means the lesser of 5% of the outstanding shares of the Company's Common Stock or 5% of the Shares.
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Examples of Requisite Shares in a sentence

  • For so long as the Investor holds the Requisite Shares and following the time at which the Series C-2 Convertible Preferred Stock shall have become convertible in full, the Investor shall be entitled to nominate a total of two (2) directors to the Board.

  • The provisions of this Section shall terminate upon the Investor ceasing to own the Requisite Shares.

  • For so long as the Investor holds the Requisite Shares and following the time at which the Series C-3 Convertible Preferred Stock shall have become convertible in full, the Investor shall be entitled to nominate a total of three (3) directors to the Board (each such director, an “Investor Director”).

  • The term "Requisite Shares" means the greater of (i) 593,953 shares of the Series A, Series B and Series C, taken together, or (ii) 50% of the total shares of the Series A, Series B and Series C issued on or after the date of filing this Certificate.

  • Permit any subsidiary to do any of the foregoing.As used herein, the term “ Requisite Shares” shall mean the greater of (A) at least 67 percent of the outstanding shares of Designated Preferred Stock (voting as a single class and on an as-converted-to-Common Stock basis), or (B) the holders of such percentage of the outstanding shares of Designated Preferred Stock so that no one holder of shares of Designated Preferred Stock, together with its Affiliates, owns the Requisite Shares.

  • For so long as FRV continues to own beneficially the Requisite Shares, FRV shall be entitled to designate one person to attend all meetings of the Board as an observer (the “ FRV Observer”); it being agreed and understood that the FRV Observer shall not be a member of the Board and shall have no voting rights with respect to any matter being considered by the Board.

  • For so long as FRV continues to own beneficially the Requisite Shares, the Company will not, at any time, grant any security interest in any of its assets, without the prior written consent of FRV.

  • Upon the dissolution of Oaktree Acquisition Holdings, L.P., or the assignment of its rights pursuant to the Registration Rights Agreement, the rights under this Section 4.13 shall become exercisable by holders of a majority-in-interest of the “Registrable Securities” (as defined in the Registration Rights Agreement); provided that, with respect to Section 2.13, such right shall expire when such holders collectively hold less than the number of Requisite Shares in the aggregate.

  • At any time on or after a Triggering Event, Holders owning, individually or in the aggregate, at least the Requisite Shares may make two written requests for registration under the Securities Act of their Company Registrable Securities (a "Demand Registration").

  • If stockholders of record on the record date purporting to own of record the Requisite Shares deliver or mail written requests to the Secretary of the corporation at its principal executive offices that the corporation call the special meeting, the corporation shall promptly appoint an inspector to perform a ministerial review of, and render a report to the corporation and the Initiating Stockholder concerning, the validity of such requests and any revocations thereof.


More Definitions of Requisite Shares

Requisite Shares means a number of Warrants and Warrant Shares equivalent to a majority of the Warrant Shares held in the aggregate by all Holders at the time of any determination (with any Warrant being deemed to be equal to the number of Warrant Shares for which such Warrant is then exercisable (without giving effect to any cashless exercise)).
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Requisite Shares means a number of Registrable Securities equivalent to not less than 25% of the Registrable Securities outstanding as of any date of determination; PROVIDED, that no Registrable Security held by the Issuer or any of its Subsidiaries or Affiliates shall be included in determining such 25%.
Sample 1
Requisite Shares means a number of Registrable Securities ---------------- equivalent to more than 50% of the Warrant Shares issuable pursuant to the Warrants as of the date hereof; provided that no account shall be taken of -------- the Registrable Securities underlying the Series B Warrants prior to the Triggering Event with respect to the Series B Warrants.
Sample 1

Related to Requisite Shares

  • Requisite Shareholder Approval shall have the meaning set forth in Section 4.3(a).

  • Requisite Stockholder Approval means the affirmative vote of the holders of a majority of that company’s issued and outstanding shares entitled to vote on the Merger actually voting in favor of this Agreement and the Merger.

  • Note Shares means the shares of Common Stock issuable upon conversion of a Note, including any outstanding principal and accrued interest.

  • Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.

  • Requisite Investors means collectively, (i) the holders of at least 67% of the then issued and outstanding shares of Series A Preferred Stock, voting together as a separate class (the “Requisite Series A Investors”), on an as-converted to Common Stock basis, and (ii) the holders of at least a majority of the then issued and outstanding shares of Series B Preferred Stock, voting together as a separate class (the “Requisite Series B Investors”).

  • Requisite Company Vote has the meaning set forth in Section 3.03(a).

  • 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.

  • Required Shareholder Approval has the meaning in Section 2.20.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

  • Authorized shares means the shares of all classes a domestic or foreign corporation is authorized to issue.

  • Requisite Amount has the meaning specified in the Spread Account Agreement.

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Investor Shares shall have the meaning given in the Recitals hereto.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Company Shareholder Approval has the meaning set forth in Section 4.03(d).

  • Parent Shareholder Approval means the approval of (a) the Parent Share Issuance at the Parent Shareholders Meeting by the affirmative vote of a majority of the total votes cast by the holders of Parent Common Stock entitled to vote thereon, (b) the Parent Charter Amendment at the Parent Shareholders Meeting by the affirmative vote of a majority of the shares of Parent Common Stock outstanding and entitled to vote thereon and (c) the Parent Bylaw Amendment at the Parent Shareholders Meeting by the affirmative vote of a majority of the outstanding shares of Parent Common Stock entitled to vote thereon.

  • Stockholder Approval means such approval as may be required by the applicable rules and regulations of the Nasdaq Stock Market (or any successor entity) from the stockholders of the Company with respect to issuance of all of the Warrants and the Warrant Shares upon the exercise thereof.

  • Series D Warrants means, collectively, the Series D Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Converted Shares means the Subject Equity Shares resulting from the conversion of Restricted Voting Shares into the Subject Equity Shares pursuant to subparagraph (ii);

  • Requisite Approval means the affirmative vote of the holders of at least a majority of the shares of outstanding Company Common Stock and outstanding Company Preferred Stock voting as a single class.

  • Sponsor Warrants shall have the meaning given in the Recitals hereto.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Common Shares means the common shares in the capital of the Corporation;

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;