Examples of Series C Majority in a sentence
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).
Subject to Section A.7(c)(ii) and Section A.8(c)(i)(B), any of the rights of the holders of Series C Preferred Stock set forth herein may be waived (in a manner that does not apply to the holders of Seed Preferred Stock, Series A Preferred Stock, Series B Preferred Stock and Series B-1 Preferred Stock) by the affirmative consent or vote of a Series C Majority Interest.9. No Reissuance of Preferred Stock.
The issuance of shares of Common Stock or Convertible Securities in any other transaction in which exemption from Section 3(i)(i) is approved by the affirmative vote of the Preferred Majority and the Series C Majority.
For this Section 5.1, the “Applicable Requisite Investors” shall mean the Series C Majority with respect to Subsection 5.1(b)(i), the Series B Majority with respect to Subsection 5.1(b)(ii) and the Preferred Majority with respect to Subsection 5.1(b)(iii).
Upon the date and time, or the occurrence of an event, specified by vote or written consent of the Series C Majority, then (i) all outstanding shares of Series C Preferred Stock shall automatically be converted into shares of Common Stock, at the then effective conversion rate as calculated pursuant to Subsection 4.1.1 and (ii) such shares may not be reissued by the Corporation (the “Series C Conversion”).