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Common use of Majority Interest Clause in Contracts

Majority Interest. The Stock Certificate shall, as of the ------------------ date of delivery, represent a majority of the Company's outstanding Common Stock.

Appears in 2 contracts

Sources: Option Agreement (Consumers Financial Corp), Option Agreement (Consumers Financial Corp)

Related Clauses

  • Majority Control
  • Acts of Certificateholders; Majority Control
  • Control by Majority
  • Majority of the Certificates Control
  • Rights of the Directing Holder

Parent Clauses

  • No Right to Demand Return of Capital
  • Capital Contributions
  • Actions by Owner Trustee
  • Appropriate Agency
  • COMPENSATION OF OWNER TRUSTEE

Sub-Clauses

  • No Action Except Under Specified Documents or Instructions
  • Application of Trust Funds
  • General Authority
  • Method of Payment
  • General Duties
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