Majority Preferred A Holders definition

Majority Preferred A Holders means, the holders representing more than fifty percent (50%) of the voting power of the outstanding Series A Preferred Shares.
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Majority Preferred A Holders means the holders of a majority of the outstanding Series A Preferred Shares, which shall include at a minimum each of ShanghaiMed and Time Intelligent. Notwithstanding the foregoing, for purposes of the Memorandum and these Articles, in each circumstance where the special consent or vote of the “Majority Preferred A Holders” is required under the Memorandum and these Articles in order to approve or otherwise take an action, in the event that ShanghaiMed and Time Intelligent cannot reach joint affirmative (or negative) agreement within fourteen (14) Business Days from the date of the formal notice in writing issued by the Company of such circumstance, then the requirement under the Memorandum and these Articles to obtain the Majority Preferred A Holders’ special consent or vote in connection therewith shall be deemed to be “inapplicable” and no longer required in order to approve or otherwise take such action. For the avoidance of doubt, in the event that the consent or vote of the Majority Preferred A Holders is deemed “inapplicable”: (i) in circumstances where the Majority Preferred A Holders’ special consent is required, including without limitation Section 9.II.B of the Memorandum, such consent shall no longer be required of the Majority Preferred A Holders in order to take or approve such action; and (ii) in circumstances where a shareholder vote is required, either by written consent or at a shareholder meeting, the separate vote of the Majority Preferred A Holders as a separate class shall no longer be required.
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Majority Preferred A Holders means those Persons holding more than fifty percent (50%) of the issued and outstanding shares of the Series A Preferred Stock.
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Examples of Majority Preferred A Holders in a sentence

  • The transaction shall in no event take place sooner than twenty (20) days after the mailing by the Corporation of the first notice provided for herein or sooner than twenty (20) days after the mailing by the Corporation of any notice of material changes as provided for herein; provided that such periods may be reduced upon the written consent of the Majority Preferred A Holders.

  • If the Majority Preferred A Holders believe that any such action warranting an adjustment has occurred, then they may by written request to the Board request that an adjustment be made.

  • So long as any shares of Series A-1 Preferred Stock or Series A-2 Preferred Stock are outstanding, the Corporation shall not take any action described below in this Section E(2), including by merger, consolidation, reorganization, the reclassification of the rights, preferences and privileges of any then existing class or series of securities or otherwise, without the separate consent of the Majority Preferred A Holders.

  • So long as the principal of or accrued interest on any Term Loan Advance made to the Corporation under or pursuant to the Investment Agreement and any other amount owing thereunder shall remain unpaid or the commitment of the investor to extend Term Loan Advances thereunder shall remain in effect, the Corporation shall not take any action described below in this Section E(2), including by merger, consolidation, reorganization or otherwise, without the separate consent of the Majority Preferred A Holders.

  • In either event, the Board shall give each holder of Series A Preferred Stock written notice within ten (10) days after the taking of any action by the Board pursuant to this Section F(7)(i) or within forty-five (45) days after receiving such written request from the Majority Preferred A Holders, describing any such adjustment in reasonable detail and, if no adjustment is made, the reason therefor.

  • If, within thirty (30) days after receipt of said notice from the Board, the Majority Preferred A Holders shall notify the Board in writing of their objection to such determination, a determination of the disputed adjustment to the Series A-1 Conversion Price or the Series A-2 Conversion Price shall be made by arbitration in accordance with the then effective commercial rules of the American Arbitration Association, by an arbitrator in the State of New York.

  • The Majority Ordinary Holders, the Majority Preferred A Holders, the Majority Preferred B Holders, the Majority Preferred C Holders, the Majority Preferred D Holders, the Majority Preferred E Holders, and the Majority Preferred F Holders, together, present in person or by proxy or if a company or other non-natural Person by its duly authorised representative shall be a quorum.

  • If, within thirty (30) days after receipt of said notice from the Board, the Majority Preferred A Holders shall notify the Board in writing of their objection to such determination, a determination of the disputed adjustment to the Conversion Price of the Series A Preferred Stock shall be made by arbitration in accordance with the then effective commercial rules of the American Arbitration Association, by an arbitrator in the State of New York.

  • In either event, the Board shall give each holder of Series A-1 Preferred Stock and the Series A-2 Preferred Stock written notice within ten (10) days after the taking of any action by the Board pursuant to this Section F(7)(i) or within forty-five (45) days after receiving such written request from the Majority Preferred A Holders, describing any such adjustment in reasonable detail and, if no adjustment is made, the reason therefor.


More Definitions of Majority Preferred A Holders

Majority Preferred A Holders means those Persons holding more than fifty percent (50%) of the issued and outstanding shares of the Series A Preferred Stock, Series A-1 Preferred Stock and Series A-2 Preferred Stock voting together as a single class on an as-if-converted basis, but separately from any other class of securities.
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Related to Majority Preferred A Holders

  • Majority Stockholders means any Stockholder or combination of Stockholders who at the date of this Agreement own shares of Company Common Stock representing more than two-thirds of the total number of shares of Company Common Stock outstanding at the date of this Agreement.

  • Majority Shareholders means Xxxxxxx X. Xxx and Xxxxxxx X. Xxxxxxx.

  • Majority Participating Holders means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

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

  • 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.

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • 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.

  • 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 Stockholder means any person that would be a “50-percent shareholder” (within the meaning of section 382(g)(4)(D) of the U.S. Tax Code) of Common Stock if such person claimed a Worthless Stock Deduction at any time on or after the Petition Date.

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Majority Purchasers means one or more Purchasers representing more than 50% of the aggregate Commitments of all Purchasers (or, if the Commitments have been terminated, Purchasers representing 100% of the aggregate outstanding Capital held by all the Purchasers); provided, however, that in no event shall the Majority Purchasers include fewer than two (2) Purchasers at any time when there are two (2) or more Purchasers.

  • 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.

  • 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.

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Supermajority means, with respect to any Class of Notes, the holders of at least 66-2/3% of the Aggregate Outstanding Amount of the Notes of such Class.

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Majority in Interest As to any Class of Regular Certificates, the Holders of Certificates of such Class evidencing, in the aggregate, at least 51% of the Percentage Interests evidenced by all Certificates of such Class.

  • 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.

  • 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.

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