Requisite Holders

Requisite Holders. The holders of the Convertible Notes issued pursuant to the Subscription Agreement representing a majority of the principal amount of all Convertible Notes then outstanding

Requisite Holders. Means (a) prior to the issuance of Series B Preferred Stock, the holders of at least 70% of the outstanding Series A-1 Preferred Stock and Series A-2 Preferred Stock, voting together as a single class on an as converted basis, and which must include Series B Large Investors (as defined in the Purchase Agreement) representing at least a majority of the Series B Preferred Stock that all Series B Large Investors have committed to purchase pursuant to the Purchase Agreement, and (b) following the... issuance of the Series B Preferred Stock, the holders of at least 61% of the outstanding Preferred Stock, voting together as a single class on an as converted basis, and which must include the holders of at least a majority of the Series B Preferred Stock then held by the Series B Large Investors. View More

Requisite Holders. (a) the holders of a majority of the Registrable Securities then outstanding, and (b) at least three of the Clarus Funds, New Enterprise Associates 14, L.P., Novartis BioVentures Ltd., Novo Holdings A/S, and Sofinnova Venture Partners IX, L.P. so long as each of such holders owns at least 2,500,000 shares of Registrable Securities (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization) (such holders, the "Major... Holders"); provided that if one or more of the Clarus Funds, New Enterprise Associates 14, L.P., Novartis Bioventures Ltd., Novo Holdings A/S, or Sofinnova Venture Partners IX, L.P. shall cease to be a Major Holder, then a majority of the remaining Major Holders shall be required pursuant to clause (b) of the definition of "Requisite Holders". View More

Requisite Holders. Means Holders of a majority of the Registrable Securities then outstanding that comprise shares of Common Stock issued or issuable upon the conversion of shares of Series A-1 Preferred Stock, Series A-2 Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock, together with any Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right, or other security that is issued as) a dividend or other... distribution with respect to, or in exchange for, or in replacement of, the foregoing shares. View More