Tencent definition
Examples of Tencent in a sentence
At the request of Tencent or Series B Preferred Holders, each of the HK Co., the WFOE and Domestic Company shall have the same number of directors as the Company, and the Series C Preferred Holders and Series B Preferred Holders shall be entitled to appoint the same number of directors to each of the HK Co., the WFOE and Domestic Company as it is entitled to appoint to the Company.
The Co-Sale Acceptance Notice shall set forth the number of Shares (on both an absolute and as-converted to Ordinary Shares basis) that such participating Co-Sale Right Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (or if Tencent and/or the LC Funds exercise their Super Co-Sale Right, the Adjusted Co-Sale Pro Rata Portion) of such Co-Sale Right Holder.
Any New Securities not purchased by Tencent (“Balance New Securities”) shall then be subject to the Right of Participation in accordance with the procedures set out at Section 3.4. Should Tencent exercise its Super Participation Right pursuant to this Section 3.5, it shall not be entitled to exercise its Right of Participation when the Balance New Securities are offered to the Participation Rights Holders in accordance with the procedures set out at Section 3.4.
For the avoidance of doubt, the Non-Selling Parties’ right of first refusal in this Section 4.3 shall not apply to: (1) any transfer of Shares from any Preferred Investor to any of its Affiliates; (2) any transfer of Shares by any Preferred Investor which will not result in a change of such Shares’ beneficial owner(s); or (3) any transfer of Shares by Tencent.
In addition to such other limitations as may be provided in the Restated Articles, the following acts of the Group Companies shall require the prior written approval of the Founder and the Majority Preferred Holders (which shall include Tencent).