Common use of Number of Stockholders Clause in Contracts

Number of Stockholders. As long as the SBIC Purchaser holds any Class A Redeemable Preferred Stock of the Company or any Shares, the Company shall notify the SBIC Purchaser (i) at least 15 days prior to taking any action after which the number of record holders of the Company's voting stock would be increased from fewer than 50 to 50 or more, and (ii) of any other action or occurrence after which the number of record holders of the Company's voting stock was increased (or would increase) from fewer than 50 to 50 or more, as soon as practicable after the Company becomes aware that such other action or occurrence has occurred or is proposed to occur.