Majority Preferred Holders definition

Majority Preferred Holders means the holders of more than fifty percent (50%) of the voting power of the outstanding Preferred Shares (if any, voting together as a single class).

Majority Preferred Holders means the holders of at least fifty percent (50%) of the then outstanding (i) Series X-0, X-0 xxx X-0 Xxxxxxxxx Xxxxxx, (xx) Series B Preferred Shares held by Matrix only, (iii) Series C Preferred Shares held by Matrix only, and (iv) Series D Preferred Shares, voting together as a single class, including any Ordinary Shares issued or issuable upon conversion of the foregoing.

Majority Preferred Holders means the holders of at least 75% of the voting power of the then outstanding Preferred Shares (voting together as a single class and calculated on an as-converted basis).

Examples of Majority Preferred Holders in a sentence

• Each Preferred Holder shall be entitled to one vote for each Preferred Membership Interest held by such Preferred Holder in connection with any matter where the separate vote of the Preferred Holders is expressly required hereunder (including in connection with any vote by the Members constituting the Majority Preferred Holders) and as otherwise required by Law.

• The business of each Group Company shall be restricted to the Business, unless otherwise approved by the Majority Preferred Holders of the Company.

• Unless approved by Majority Preferred Holders, proceeds from the issuance of Series C Preferred Shares or Series C-1 Preferred Shares shall not be used to repurchase, redeem, or cancel any junior securities or to make any payments to any Affiliates, or for the repayment of any indebtedness except as set forth in the preceding sentence.

• Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of each of (i) the Company, (ii) holders representing majority of the voting power of the Common Shares, (iii) the Majority Preferred Holders, and (iv) the Majority Preferred F Holders.

• In addition to the restrictions set forth in the Right of First Refusal and Co-Sale Agreement, LI Xueling (the “Restricted Shareholder”) shall not effect a transfer (i) prior to February 11, 2013; or if it occurs later (ii) within one hundred eighty (180) days following the consummation of the Qualified IPO, unless such Transfer has been approved in writing by (i) the Majority Preferred Holders; and (ii) at least two (2) of the Preferred Directors.

More Definitions of Majority Preferred Holders

Majority Preferred Holders means the Majority Series Angel Holders, the Majority Series A Holders, the Majority Series A+ Holders, the Majority Series B Holders, the Majority Series C Holders, the Majority Series C+ Holders, the Majority Series C++ Holders, the Majority Series D Holders and the Majority Series E Holders.

Majority Preferred Holders means, collectively, the Majority A Holders, the Majority B Holders, the Majority C Holders and the Majority D Holders.

Majority Preferred Holders means the holders holding Preferred Shares representing at least 51% of the total voting power of the Preferred Shares, determined on an As-If Converted Basis.

Majority Preferred Holders means, at any time, the holders of a majority of the Preferred Membership Interests then outstanding.

Majority Preferred Holders means the holders of more than fifty percent (50%) of the voting power of the then outstanding Preferred Shares (voting together as a single class and calculated on an as-converted basis).

Majority Preferred Holders means the holders of more than 50% of the voting power of the outstanding Preferred Shares (voting together as a single class and on an as converted and fully diluted basis).

Majority Preferred Holders means the holders representing at least seventy-five percent (75%) in interest of the outstanding Preferred Shares, on an as-converted basis; provided, that in each circumstance where the consent or vote of the Majority Preferred Holders is required under this Agreement in order to approve or otherwise take an action, if such action would adversely affect any Shareholder or class of Preferred Shares as compared to the other Shareholders or classes of Preferred Shares, as the case may be, then such action shall require the consent of such adversely affected Shareholder or class of Preferred Shares, provided that the Series F-1 Preferred Shares and the Series F-2 Preferred Shares shall be treated as a single class in terms of seeking consent from the Majority Preferred Holders.