Majority Series E Holders definition
Majority Series E Holders means the holders of more than sixty percent (60%) of the then issued and outstanding Series E Preferred Shares and Series E1 Preferred Shares (voting together as a single class and calculated on As-Converted Basis). For the purpose hereunder, the number of Series E Preferred Shares and Series E1 Preferred Shares of any Investor shall include those of its Affiliates collectively.
Majority Series E Holders means the holders of more than fifty percent (50%) of the voting power of the outstanding Series E Preferred Shares and/or Ordinary Shares converted therefrom (voting together as a single class and on an as converted basis).
Examples of Majority Series E Holders in a sentence
The Director appointed by the Majority Series E Holders pursuant to this Section 17.1(i) is referred to as the “Series E Director”.