Majority of the Preferred Stock definition

Majority of the Preferred Stock means more than 50% of the outstanding shares of Preferred Stock.
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Majority of the Preferred Stock means Holder(s) of outstanding Preferred Stock voting together as a single class, whose number of shares of Preferred Stock represents more than 50% of the number of all outstanding Preferred Stock.
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Majority of the Preferred Stock means more than 50% of the outstanding Preferred Stock voting as described in Section 4(a) hereof.
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Examples of Majority of the Preferred Stock in a sentence

  • Except with respect to any changes which do not materially adversely affect the rights of Holders (in which case no consent of Holders will be required), this Guarantee Agreement may only be amended with the prior approval of the Holders of not less than a Majority of the Preferred Stock.

  • Upon written request of the Corporation, the holders of a Majority of the Preferred Stock in their sole discretion may amend, waive, delay or extend in writing any provision of this Certificate of Designations to the extent permitted by applicable law.

  • The Corporation shall deliver to the holders of a Majority of the Preferred Stock written notice of any breach or default of, or failure to perform any of the Corporation's obligations under, this Certificate of Designations within 3 business days of the date on which an officer of the Corporation obtains knowledge thereof.

  • Subject to Section 8, if the Preferred Stock has not been fully redeemed by the sixth anniversary of the Original Issue Date, in order to generate the funds required to redeem the Preferred Stock, the holders of a Majority of the Preferred Stock shall have the right to request that the Board of Directors initiate a Sale Process.

  • With the written consent of holders of a Majority of the Preferred Stock (or each holder of Preferred Stock to the extent required pursuant to the last sentence of Section 6(b)), the obligations of the Company and the rights of the holders of the Preferred Stock under this Statement of Resolution may be waived (either generally or in a particular instance, either retroactively or prospectively and either for a specified period of time or indefinitely).

  • A Majority of the Preferred Stock may waive, delay or extend the obligations set forth in this Section 5(f) in writing.

  • Holders of a Majority of the Preferred Stock may waive, delay or extend the obligations set forth in this Section 5(c) in writing.

  • Each Investor acknowledges that by operation of Section 10.1 hereof the Holders of a Majority of the Preferred Stock then outstanding will, subject to the limitations contained in such Section 10.1, have the right and power to diminish or eliminate certain rights of such Investor under this Agreement.

  • The Company shall not amend its Certificate of Incorporation without the approval by vote or written consent of the holders of a Majority of the Preferred Stock if such amendment would change any of the rights, preferences, privileges of or limitations provided for herein for the benefit of the Preferred Stock.

  • Except with respect to any changes that would not materially and adversely affect any power, preference or special right of the shares of Preferred Stock or of the Holders thereof (in which case no consent of Holders will be required), this Guarantee may only be amended with the prior approval of the Holders of not less than a Majority of the Preferred Stock.


More Definitions of Majority of the Preferred Stock

Majority of the Preferred Stock means more than 50% of the vote represented by the outstanding shares of all series of Preferred Stock voting together as one class.
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Majority of the Preferred Stock means Holder(s) of outstanding Preferred Stock, voting together as a single class, whose number of shares of Preferred Stock represents at least a majority of the number of all shares of outstanding Preferred Stock.
Sample 1
Majority of the Preferred Stock means more than 50% of the outstanding shares of Preferred Stock (each share of Preferred Stock having a vote equal to the number of shares of Common Stock issuable as of the record date for such vote (or the date of such vote if there is no record date) upon conversion of such share of Preferred Stock).
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Related to Majority of the Preferred Stock

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

  • Voting Preferred Stock means, with regard to any matter as to which the holders of Series T are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series T) that rank equally with Series T either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

  • Series E Preferred Stock means shares of the Company’s Series E Preferred Stock, par value $0.0001 per share.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 per share.

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Existing Preferred Stock means, collectively, the outstanding shares of the Series E 6% Convertible Preferred Stock of the Corporation.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by Parent (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Qualified Preferred Stock means any preferred capital stock of Holdings or Lead Borrower so long as the terms of any such preferred capital stock (x) do not contain any mandatory put, redemption, repayment, sinking fund or other similar provision prior to the 91st day after the Latest Maturity Date as of the date such Qualified Preferred Stock was issued other than (i) provisions requiring payment solely (or with provisions permitting Holdings or Lead Borrower, as applicable, to opt to make payment solely) in the form of common Equity Interests, Qualified Preferred Stock of Holdings or Lead Borrower or cash in lieu of fractional shares, as applicable, or any Equity Interests of any direct or indirect Parent Company of Holdings or Lead Borrower, as applicable, (ii) provisions requiring payment solely as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale are subject to the payment in full of all Obligations in cash (other than unasserted contingent indemnification obligations) or such payment is otherwise permitted by this Agreement (including as a result of a waiver or amendment hereunder) and (iii) with respect to preferred capital stock issued to any plan for the benefit of employees of Holdings or Lead Borrower, as applicable, or its Subsidiaries or by any such plan to such employees, provisions requiring the repurchase thereof in order to satisfy applicable statutory or regulatory obligations and (y) give Holdings or Lead Borrower the option to elect to pay such dividends or distributions on a non-cash basis or otherwise do not require the cash payment of dividends or distributions at any time that such cash payment is not permitted under this Agreement or would result in an Event of Default hereunder.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Class A Preferred Stock means the Class A Preferred Stock of the Company, par value $0.0001 per share.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Buyer Preferred Stock means the preferred stock, par value $0.001 per share, of Buyer.

  • Convertible Preferred Stock has the meaning set forth in the recitals.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.