Preferred Majority definition
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 Preferred Shareholders holding more than fifty per cent. (50%) of the Preferred Shares then issued and outstanding.
Preferred Majority means the holders of 65% or more of the issued and outstanding Preferred Shares, calculated on an as converted basis.
Examples of Preferred Majority in a sentence
The Company will also maintain a liability insurance including cyber liability, product liability and fire and casualty, in a form and amount satisfactory to the Preferred Majority.
More Definitions of Preferred Majority
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.
Preferred Majority means the holders of (a) more than two-thirds (2/3) of the then issued and outstanding Series A Preferred Shares, (b) more than seventy-five percent (75%) of the then issued and outstanding Series B Preferred Shares, (c) more than fifty percent (50%) of the then issued and outstanding Series C-1/C-2 Preferred Shares, (d) more than fifty percent (50%) of the then issued and outstanding Series C-3 Preferred Shares and (e) more than fifty percent (50%) of the then issued and outstanding Series D Preferred Shares.
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 collectively, the Series Seed Majority, the Series A Majority and the Series B Majority.
Preferred Majority means Preferred Shareholders holding the majority of the issued and outstanding Preferred Shares of the Company.
Preferred Majority means the holders of more than fifty percent (50%) of the then issued and outstanding Preferred Shares, calculated on an as-converted basis;