Common use of Majority Holders Clause in Contracts

Majority Holders. The holders of a majority of the aggregate principal amount of Notes or a majority of the Conversion Shares, as applicable; provided, that for purposes of Section 10(c), any Notes or Conversion Shares held by the Company or any of its affiliates (as such term is defined in Rule 405 under the Securities Act) (other than the Initial Purchaser or subsequent Holders of Notes or Conversion Shares if such subsequent Holders are deemed to be affiliates of the Company solely by reason of their holding Notes or Conversion Shares) shall not be counted in determining whether any consent was given.