Preferred Majority definition

Preferred Majority means the holder(s) of at least fifty-one percent (51%) of the issued and outstanding Preferred Shares calculated on an as-converted basis.

Preferred Majority means the holders representing at least 55% of the voting power of the Investors, voting as a single class on an as-converted basis.

Preferred Majority means the Series A+ Preferred Majority, the Series B Preferred Majority, and the Series C Preferred Majority.

Examples of Preferred Majority in a sentence

• Any vacancy created by the removal, death, resignation, retirement or disqualification of a Preferred Director shall be filled by the affirmative vote of the Series A Preferred Majority Holders.

• If such parties are unable to reach agreement within a reasonable period of time, the fair value of such consideration shall be determined by an independent appraiser experienced in valuing such type of consideration jointly selected by the Corporation and the Series A Preferred Majority Holders.

• The fair value of any consideration or net assets other than cash and marketable securities shall be determined jointly by the Corporation and the Series A Preferred Majority Holders.

• Except as specifically provided herein, so long as any Series A Preferred Shares remain outstanding, without the prior written consent of the Series A Preferred Majority Holders, the Corporation shall not, nor shall it permit any Subsidiary to, redeem, purchase or otherwise acquire directly or indirectly any Junior Securities, nor shall the Corporation directly or indirectly declare or pay any dividend or make any distribution upon any Junior Securities.

• Not less than 30 days prior to the payment date stated therein (or such lesser period as may be agreed by the Series A Preferred Majority Holders), the Corporation shall deliver written notice of any Liquidation to each record holder of Series A Preferred, setting forth in reasonable detail the amount of proceeds to be paid with respect to each Series A Preferred Share and each Junior Security in connection with such Liquidation.

More Definitions of Preferred Majority

Preferred Majority means the holders of at least 65% of the issued and outstanding Company Preferred Shares, voting together as a single class, on an as converted to Company Ordinary Shares basis, including at least 75% of the issued and outstanding Company Preferred D Shares and at least 50% of the issued and outstanding Company Preferred E Shares, in each case voting together as a single class, on an as converted to Company Ordinary Shares basis.

Preferred Majority means the holders of more than fifty percent (50%) of the voting power of the outstanding Preferred Shares, voting as a single separate class on an as-converted basis.

Preferred Majority means the holders of at least a majority of the then outstanding Preferred Shares voting together as a single class and on an as-converted basis.

Preferred Majority means holders of a majority of the outstanding shares of Preferred Stock (voting as a single class and on an as-converted basis).

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

Preferred Majority means collectively, the Series Seed Majority, the Series A Majority and the Series B Majority.

Preferred Majority means the holders of at least a majority of the issued and outstanding Company Preferred Stocks, voting together as a single class, on an as converted to Company Common Stock basis.