Ordinary Majority definition

Ordinary Majority means a simple majority of the votes cast by shareholders at a General Meeting in person or by means of a proxy.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Ordinary Majority means the holders representing more than fifty percent (50%) of the voting power of the Ordinary Shares then outstanding, voting together as a single class on an as converted basis, excluding Class A Ordinary Shares converted and convertible from any Preferred Shares.

Ordinary Majority means a majority of more than 50% of all the actual votes cast by the Shareholders present (either in person, through proxy or through written ballot), and entitled to vote on the relevant proposal in a General Meeting (or class meeting, if applicable), without taking into account abstentions.

Examples of Ordinary Majority in a sentence

The Group Companies engage in the business of research, development, operation of internet E-commerce (including domestic and cross-border E-commerce) and other business approved by the Ordinary Majority and the Preferred Majority (the “Principal Business”).
Any provision in this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively) by the written consent of the Preferred Majority and Ordinary Majority.
The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Majority Investors and Ordinary Majority such that the Company (i) will at all times control the operations of each other Group Company, and (ii) will at all times be permitted to properly consolidate the financial results for each other Group Company in the consolidated financial statements for the Company prepared under the Accounting Standards.
For so long as Haitong has right to nominate a Haitong Director, the Company shall have a Board consisting of seven (7) directors, which shall be constituted by the Cashcapital Director, the Haitong Director and five (5) directors nominated by the Ordinary Majority.
If any of the Cooperation Documents becomes illegal, void or unenforceable under PRC Laws after the date hereof, the Parties (other than the Investors) shall devise a feasible alternative legal structure reasonably satisfactory to the Majority Investors and Ordinary Majority which gives effect to the intentions of the parties in each Cooperation Document and the economic arrangement thereunder as closely as possible.

More Definitions of Ordinary Majority

Ordinary Majority means the holders of more than fifty percent (50%) of the then issued and outstanding Ordinary Shares (other than the Ordinary Shares issued upon the conversion of Preferred Shares and Ordinary Shares held by the Investors).

Ordinary Majority. - means an ordinary majority of all the votes of the shareholders present and entitled to vote at a particular meeting or class meeting of the Company, as applicable, without taking into account the votes of abstainees.

Ordinary Majority means Founder Entit(ies) holding more than fifty percent (50%) of the total issued and outstanding Ordinary Shares held by the Founder Entities on an as-converted and fully-diluted basis.

Ordinary Majority means the Ordinary Shareholder(s) holding at least 50% of the issued and outstanding Ordinary Shares.

Ordinary Majority. - means an ordinary majority of all the votes of the shareholders present, in person or by proxy, and entitled to vote at a particular meeting or class meeting of the Company, as applicable, without taking abstentions into account.

Ordinary Majority means Ordinary Shareholders holding more than fifty per cent. (50%) of the Ordinary Shares then issued and outstanding.

Ordinary Majority the holder(s) of at least fifty point zero zero percent (50.00%) of the voting power of the issued and outstanding Class A Ordinary Shares, Class B Ordinary Shares, Class C Ordinary Shares and Class D Ordinary (voting together as a single class and on an as-converted basis), held or beneficially owned by the employees of the Group Companies.