Supermajority Holders definition

Supermajority Holders means at any time Holders of two-thirds or greater in number of the outstanding Warrants not held by the Company or any of the Company’s Affiliates.

Supermajority Holders means the Holders (as defined in the Indenture) of 66 2/3% of the aggregate principal amount of the then outstanding Notes (as defined in the Indenture).

Supermajority Holders means two or more Shareholders of record holding in aggregate, at the time of reference, shares to which are attached more than two-thirds of the votes attached to the outstanding voting shares in the capital of the Company.

Examples of Supermajority Holders in a sentence

• The terms of this Note may be amended or waived only upon the written agreement of the Company and the Holder; provided, however, that the terms of this Note and all of the Bridge Notes may be amended or waived upon the written agreement of the Company and the Supermajority Holders, whether or not the Holder of this Note agrees thereto, as long as such amendment or waiver is the same for all Bridge Notes.

• Any such amendment or waiver agreed to by the Company and the Supermajority Holders during the time the Bridge Notes are outstanding will be binding on the holders of all Warrants.

• Each Preferred Share shall automatically be converted (without the need for the consent or approval of any Member or the Board), without the payment of any additional consideration, as provided in Article 8.3(C) below upon the earlier of (i) the closing of a Qualified IPO, or (ii) the date specified by written consent or agreement of the Supermajority Holders.

• No adjustment to the Applicable Conversion Price shall be made as the result of the issuance or deemed issuance of New Securities if the Company receives written notice signed by or on behalf of the Supermajority Holders agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such New Securities.

• This Agreement may be amended or terminated and the observance of any term hereof may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a written instrument executed by (a) the Company; and (b) the Supermajority Holders.

More Definitions of Supermajority Holders

Supermajority Holders means the holders of Notes and/or Preferred Shares representing at least two-thirds of the total voting power of the Notes and Preferred Shares, determined on an As-If Converted Basis.

Supermajority Holders means, as of any date of determination, the Holders holding shares of the Series A Preferred Stock with at least 90% of the voting power of all shares of the Series A Preferred Stock outstanding as of such date of determination. For the avoidance of doubt, pursuant to Section 4(b), no shares of Series A Preferred Stock Beneficially Owned or held, directly or indirectly, by the Sponsor (including the Company, any of its Subsidiaries and, notwithstanding anything to the contrary in the definition of “Sponsor”, any Portfolio Companies of the Sponsor) shall have any voting power or be included in the calculation of voting power for purposes of this definition and the Liquidation Preference of such shares shall be disregarded for purposes of calculating voting power under this definition.

Supermajority Holders means (i) the Holders of at least 66 2/3% in principal amount of Notes then outstanding in the case of any resolution in writing or (ii) in the case of a resolution passed at a meeting or an adjourned meeting duly reconvened and at which a quorum is present in accordance with the terms of this Indenture, any resolution passed or decided by the Persons (whether present in person or represented by proxy) entitled to vote at such meeting and representing at least 66 2/3% in principal amount of outstanding Notes represented and voting at such meeting.

Supermajority Holders means (i) the holders of at least 55% of the then-outstanding shares of Preferred Stock, voting together as a single class, (ii) in addition, in the event of a proposed transaction subject to the Drag-Along Right which would result in the holders of Series D Preferred Stock receiving gross proceeds per share of Series D Preferred Stock less than one and one-quarter (1.25) times the Series D Original Issue Price (as defined in the Certificate of Incorporation), the holders of at least 55% of the then-outstanding shares of Series D Preferred Stock, voting as a separate class, which holders must include each of the Accel Investors that hold Series D Preferred Stock, (iii) in addition, in the event of a proposed transaction subject to the Drag-Along Right which would result in the holders of Series D-1 Preferred Stock receiving gross proceeds per share of Series D-1 Preferred Stock less than one (1) times the Series D-1 Original Issue Price (as defined in the Certificate of Incorporation), the holders of at least 55% of the then-outstanding shares of Series D-1 Preferred Stock, voting as a separate class, and (iv) in addition, in the event of a proposed transaction subject to the Drag-Along Right which would result in the holders of Series E Preferred Stock or Series E-1 Preferred Stock receiving gross proceeds per share of Series E Preferred Stock or Series E-1 Preferred Stock less than one (1) times the Series E/E-1 Original Issue Price (as defined in the Certificate of Incorporation), the holders of at least a majority of the then-outstanding shares of Series E Preferred Stock and Series E-1 Preferred Stock, voting together as a separate class.

Supermajority Holders means the Initial Purchasers (Falcon and Fairway must both consent), and other Noteholders, collectively, holding in the aggregate more than sixty-six and two-third percent (66 2/3%) of the Note Principal Balance.

Supermajority Holders means the Holders holding at least 662/3% of all Registrable Securities at such time.

Supermajority Holders means Holders of more than 90% of the Liquidation Preference of the then issued and outstanding Senior Preferred Stock.