Stockholder Majority definition
Examples of Stockholder Majority in a sentence
This Agreement shall terminate upon the earliest to occur of (the “Expiration Time”): (a) approval by the stockholders of the Company of the Bylaws Amendment and the voting of the Shares at the 2022 Annual Meeting and (b) the termination of this Agreement by mutual written consent of the Stockholder Majority and the Representative.
Board Committees and Subsidiary Boards: Subject to approval by the Requisite Stockholder Majority, the Parent Board and the boards of subsidiaries of Parent, will appoint audit, compensation and such other committees as will be necessary to comply with any applicable legal or securities exchange requirements or as otherwise desired by such board.
Drag-Along Rights: Prior to the Initial Public Offering, Investors constituting a Requisite Stockholder Majority may exercise a drag-along right on the other Investors and other shareholders in order to cause a Company Sale pursuant to which such Investors are selling to any independent third party 90% or more of their interests in Parent and the Company for cash.
This Agreement may be terminated at any time by a resolution of the Board terminating this Agreement; provided, however, that such termination of this Agreement is approved in writing by (i) the Requisite Stockholder Majority and (ii) Management Stockholders holding in the aggregate a majority of the then outstanding Restricted Shares.
Stockholders Agreement: Amendments or waivers of the Stockholders Agreement shall require the vote of the Requisite Stockholder Majority, with customary exceptions for amendments and waivers that discriminate by share designation or against particular Investors.
Selection of Underwriters: Underwriters will be chosen by the Requisite Stockholder Majority for the Initial Public Offering.
Rights to any Investor’s board seats will be transferable only with the consent of the Requisite Stockholder Majority, other than to affiliated funds of such Investor; provided, that such transferee remains an affiliated fund of such transferor following the transfer.
Except with respect to any Initial Public Offering, in which case the managing underwriter or underwriters shall be chosen by the Requisite Stockholder Majority, if a Demand Registration is to be an underwritten offering, the holders of a majority of the Registrable Stock to be included in such Demand Registration will select a managing underwriter or underwriters.
This Agreement may be amended, modified or extended, and the provisions hereof may be waived, only by resolution of the Board approved by (i) the Requisite Stockholder Majority and (ii) solely with respect to any amendment of this Agreement, the Management Stockholders holding in the aggregate a majority of the then outstanding Restricted Shares.
The Requisite Stockholder Majority, in the case of a proposed Sale pursuant to Section 4.2, or the Prospective Selling Stockholder, in the case of a proposed Sale pursuant to Section 4.1 shall, in their sole discretion, decide whether or not to pursue, consummate, postpone or abandon any proposed Sale and the terms and conditions thereof.