Majority of Holders Definition Example

This example Majority of Holders definition appears in 2 contracts from 2 companies

Majority of Holders. Holders holding over 50% of the aggregate principal amount of Debentures outstanding; provided that, for the purpose of this definition, a holder of shares of Common Stock which constitute Transfer Restricted Securities and issued upon conversion of the Debentures shall be deemed to hold an aggregate principal amount of the Debentures (in addition to the principal amount of the Debentures held by such holder) equal to the quotient of (x) the number of such shares of Common Stock held by such... holder and (y) the conversion rate in effect at the time of such conversion as determined in accordance with the Indenture. View More
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