Series B Majority definition

Series B Majority means (i) the holders of at least a majority of the voting power of the outstanding Series B1 Preferred Shares, the Series B2 Preferred Shares and the Series B3 Preferred Shares (voting together as a single class and on an as converted basis) and Tencent (provided that Tencent holds a majority of the voting power of the outstanding Series B1 Preferred Shares and the Series B2 Preferred Shares (voting together as a single class and on an as converted basis)); or (ii) the holders of at least a majority of the voting power of the outstanding Series B1 Preferred Shares, the Series B2 Preferred Shares and the Series B3 Preferred Shares (voting together as a single class and on an as converted basis) provided that Tencent fails to hold a majority of the voting power of the outstanding Series B1 Preferred Shares and the Series B2 Preferred Shares (voting together as a single class and on an as converted basis).

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

Series B Majority means Shareholders holding in the aggregate not less than 50% of the outstanding Registrable Securities.

Examples of Series B Majority in a sentence

• Reorganized Xxxxxxx and its subsidiaries shall not be permitted to enter into any consensual restriction on the ability of reorganized Xxxxxxx to make required payments on the Series B Preferred Stock without the prior written consent of the Series B Majority (except for customary restrictions in any agreement governing indebtedness).

• No adjustment in the applicable Conversion Price for the Series B Preferred Stock shall be made as the result of the issuance or deemed issuance of Additional Shares of Common Stock if the Corporation receives written notice from the Series B Majority agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such Additional Shares of Common Stock.

• The terms and provisions of this Agreement may not be modified or amended, or any of the provisions hereof waived, temporarily or permanently, except pursuant to a writing executed by a duly authorized representative of the Corporation and the Series B Majority Investors.

• Subject to Section 2.7, a Series B Majority shall have the right to make up to two separate requests in writing that the Company effect the registration of all or a part of the Registrable Securities held by those Shareholders, each such request to specify the registration form to be used and the intended method or methods of disposition of the Registrable Securities.

• At any time prior to the QIPO, each of the Founder Parties shall not Transfer any Shares directly or indirectly owned by them without the prior written consent of the Series C-2 Majority, the Series C-1 Majority, the Series C Majority, the Series B Majority and the Series A Majority, other than any Transfer of Shares pursuant to the enforcement of the Founder Share Charge and the Holding Company Share Charge (each as defined in the Series C SSA).

More Definitions of Series B Majority

Series B Majority means the holders holding more than fifty percent (50%) of the then outstanding Series B Preferred Shares and the then outstanding Series B+ Preferred Shares, voting as a single class on an as-converted basis.

Series B Majority means the holders of more than 65 per cent. Of Series B Shares from time to time; “Series B Majority Consent” means the prior written consent of the Series B Majority;

Series B Majority means the holders of at least a majority of the voting power of the outstanding Series B1 Preferred Shares and the Series B2 Preferred Shares (voting together as a single class and on an as converted basis).

Series B Majority means the holders of more than 65 per cent. Of Series B Shares from time to time;

Series B Majority means Series B Holders that own more than 50% of the outstanding Series B Shares.

Series B Majority means the consent of the holders of a majority of the Series B Preferred Shares then in issue;

Series B Majority means the holder(s) representing at least the majority of the Series B Preferred Shares.