Requisite Approval

Requisite Approval. Means the approval of the holders of more than 50% of the Registrable Securities owned by Eligible Holders (other than Registrable Securities owned by any Sponsor Member or Affiliate thereof); provided, however that if, as of the date of any such approval, the Company has been informed that there is an Eligible Holder (other than any Sponsor Member or Affiliate thereof) that, individually or together with its Affiliates, owns a number of Registrable Securities equal to at least 35% of the... aggregate number of Registrable Securities owned by Eligible Holders (other than Registrable Securities owned by any Sponsor Member or Affiliate thereof), then the reference to "50%" above shall be deemed to be a reference to "60%". View More