Majority of the Series B Holders definition

Majority of the Series B Holders means the holders of more than fifty percent (50%) of the then outstanding Series B Preferred.
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Examples of Majority of the Series B Holders in a sentence

  • If the Corporation is unable to cure the Event of Non-Compliance, a Majority of the Series B Holders may then elect to initiate a Sale of the Company by submitting written notice of that election to the Board of Directors of the Corporation (a "Sale Notice").

  • A special meeting of the stockholders shall be called by the Corporation from time to time at the written instruction of a Majority of the Series B Holders or a Majority of the Series C Holders for the purpose of electing such Directors.

  • A special meeting of the stockholders shall be called by the Corporation from time to time at the written instruction of a Majority of the Series B Holders for the purpose of electing such directors.

  • In the event the Special Restricted Action is rejected by the Series B Holders but such Special Restricted Action is not effected by the Corporation within ninety (90) days of the delivery of the Company Redemption Notice, and the Optional Redemption has not yet been consummated, a Majority of the Series B Holders may elect in writing to void the Optional Redemption and return to the status quo ante.

  • Within ten (10) business days of the receipt of the Company Redemption Notice by the Series B Holders, a Majority of the Series B Holders shall either (i) acknowledge and agree in writing to the Optional Redemption or (ii) approve the Special Restricted Action that is the subject of the Optional Redemption, in which event the Optional Redemption shall be terminated.

  • Any provision of these terms of the Series B Preferred Stock may be amended, modified or waived if and only if a Majority of the Series B Holders have consented in writing or by an affirmative vote to such amendment, modification or waiver of any such provision of this Certificate of Designation and upon receipt of such written consent or the obtaining of such affirmative vote, such amendment, modification or waiver shall be binding on all holders of Series B Preferred.

  • In the event a Majority of the Series B Holders elect to treat such Sale of the Company as a liquidation, dissolution or winding up of the Corporation, the holders of shares of Series B Preferred shall have the right to preference upon the distribution of assets or the proceeds to be received as provided in this Section 4.

  • In the event a Majority of the Series B Holders elect to treat such Sale of the Company as a liquidation, dissolution or winding up of the Corporation, the holders of shares of Series B Preferred shall have the right to preference (on a pari passu basis with holders of Series C Preferred) upon the distribution of assets or the proceeds to be received as provided in this Section 4.

  • In the event the Corporation takes any Restricted Action without obtaining the approval of the holders of the Series B Preferred as required by Section 3(b) (an "Event of Non-Compliance") and a Majority of the Series B Holders gives written notice to the Board of Directors of the Corporation of such an Event of Non-Compliance, the Corporation shall then have thirty (30) days to take such action as is necessary to cure such default to the satisfaction of a Majority of the Series B Holders.

  • Any provision of these terms of the Series B Preferred Stock may be amended, modified or waived if and only if a Majority of the Series B Holders have consented in writing or by an affirmative vote to such amendment, modification or waiver of any such provision of this Certificate of Designation.

Related to Majority of the Series B Holders

  • Majority in liquidation amount of the Securities means Holder(s) of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Preferred Holders means the record owners of outstanding Preferred Securities.

  • majority of the outstanding shares means the lesser of (a) sixty-seven percent (67%) or more of the shares present at a meeting if more than fifty percent (50%) of these shares are present or represented by proxy, or (b) more than fifty percent (50%) of the outstanding shares.

  • Majority of Holders Holders holding over 50% of the aggregate principal amount of Notes outstanding; provided that, for the purpose of this Agreement, a holder of shares of Common Stock which constitute Transfer Restricted Securities shall be deemed to hold an aggregate principal amount of the Notes (in addition to the principal amount of the Notes held by such holder) equal to the quotient of (x) the number of such shares of Common Stock held by such holder and (y) the conversion rate in effect at the time of their issuance upon conversion of the Notes as determined in accordance with the Indenture.

  • Majority in liquidation amount of the Capital Securities means Holder(s) of outstanding Capital Securities, voting together as a class, but separately from the holders of Common Securities, of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all Capital Securities then outstanding.

  • 10% in liquidation amount of the Securities means Holders of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of 10% or more of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • Majority Holders means the Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement.

  • Majority in Interest of Note Holders Make-Whole Amount" or "Note Holder," or the percentage of Note Holders required to take or approve any action hereunder, (ii) reduce the amount, or change the time of payment or method of calculation of any amount, of Original Amount, Make-Whole Amount, if any, or interest with respect to any Equipment Note, or alter or modify the provisions of Article III hereof with respect to the order of priorities in which distribution thereunder shall be made as among the Note Holders, the Owner Trustee and Lessee, (iii) reduce, modify or amend any indemnities in favor of the Owner Trustee, the Mortgagee or the Note Holders (except that the Owner Trustee (in its individual capacity) or the Mortgagee, as the case may be, may consent to any waiver or reduction of an indemnity payable to it) or the other Indenture Indemnitees, (iv) consent to any change in the Trust Indenture or the Lease which would permit redemption of Equipment Notes earlier than permitted under Section 2.10 or 2.11 hereof or the purchase or exchange of the Equipment Notes other than as permitted by Section 2.13 hereof, (v) except as contemplated by the Lease or the Participation Agreement, reduce the amount or extend the time of payment of Basic Rent, Stipulated Loss Value, or Termination Value for the Aircraft in each case as set forth in the Lease, or modify, amend or supplement the Lease or consent to any assignment of the Lease, in either case releasing Lessee from its obligations in respect of the payment of Basic Rent, Stipulated Loss Value or Termination Value for the Aircraft or altering the absolute and unconditional character of the obligations of Lessee to pay Rent as set forth in Sections 3 and 16 of the Lease or (vi) permit the creation of any Lien on the Trust Indenture Estate or any part thereof other than Permitted Liens or deprive any Note Holder of the benefit of the Lien of this Trust Indenture on the Trust Indenture Estate, except as provided in connection with the exercise of remedies under Article IV hereof.

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • Series A or “Series A Equipment Notes” means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Majority in Liquidation Amount means, with respect to the Trust Securities, except as provided in the terms of the Capital Securities or by the Trust Indenture Act, Holder(s) of outstanding Trust Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Series B or “Series B Equipment Notes” means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture.

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Series B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution. Act and Interpretation Act Definitions Applicable

  • Requisite Holders means at any time holders of Warrant Shares and Warrants representing at least a majority of the Warrant Shares outstanding or issuable upon the exercise of all the outstanding Warrants.

  • Series B Holder means a Record Holder of the Series B Preferred Units.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Majority in Interest of the Limited Partners means Limited Partners holding in the aggregate Percentage Interests that are greater than fifty percent (50%) of the aggregate Percentage Interests of all Limited Partners.

  • Note Majority means a majority by principal amount of the Noteholders.

  • Series Closing Date means the date designated as such in the Series Term Sheet.