Series A Majority definition

Series A Majority means the holders of at least a majority of the voting power of the outstanding Series A Preferred Shares and the Series A1 Preferred Shares (voting together as a single class and on an as converted basis).

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

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

Examples of Series A Majority in a sentence

• Drag-Along rights are exercisable immediately by a Series A Majority Interest.

• Amendment The LLC Agreement may only be amended with the affirmative vote of a Majority Interest; provided that the affirmative vote of a Series A Majority Interest will be required if the amendment amends any of the rights, preferences or priorities of the Series A.

• Upon exercise of the Drag-Along rights, all Members must sell their Units to a non-affiliate of the LLC as designated by a Series A Majority Interest.

• Xx. Xxxxxxxx refused to provide a waiver of the SRA provisions requiring the consent of the Series A Majority for the offering of our Common Stock in March 2020 and his right of first refusal.

• Any amendment or waiver of the SRA provisions requires the written consent of the (i) Series A Majority; (ii) the Series B Majority; (iii) the holders of a majority of the capital stock of the Company held by the former holders of Series A Preferred Stock; and (iv) the holders of a majority of the capital stock of the Company held by the former holders of the Series B Preferred Stock.

More Definitions of Series A Majority

Series A Majority means Series A Preferred Unitholders (other than Management) holding of record a majority of the Series A Preferred Units then Outstanding and not held by Management.

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

Series A Majority means the holders of a majority of the then outstanding shares of Series A.

Series A Majority shall have the meaning ascribed to it in Section 7.1.1.

Series A Majority given in person or by proxy, either in writing or at a meeting (with the Series A Preferred Stock voting separately as a class), (i) voluntarily or involuntarily liquidate, dissolve or wind up the Corporation, or effect any merger or consolidation or any other liquidation event (other than the merger between an affiliate of the Corporation and Xxxxx Watermark Investors Incorporated on the Original Issue Date); provided, however, that the consent or the affirmative vote of the Series A Majority shall not be required if, at the effective time of consummation of such transaction described in this clause (i) (except to the extent as otherwise provided in Section 6(b) above), the Series A Preferred receive the then-due full redemption price pursuant to Section 6(b) above; (ii) amend, alter, or repeal any provision of the Corporation’s Charter or bylaws or the governing documents of its operating partnership in a manner that affects adversely the rights, preferences, privileges or voting rights of the holders of the Series A Preferred; (iii) authorize, create or issue shares of any class or series of stock of the Corporation or any other security convertible into or exercisable for any equity security, having rights, preferences or privileges senior to the Series A Preferred, or increase the authorized number of shares of Series A Preferred; provided, however, that any amendment to the Charter to authorize any increase in the number of authorized shares of Preferred Stock or Common Stock or the creation or issuance of any other class or series of Parity Securities or Junior Securities, shall not be deemed to adversely affect any right, preference, privilege or voting right of shares of Series A Preferred Stock; or (iv) purchase or redeem capital stock of the Corporation (excluding shares purchased pursuant to the Corporation’s share redemption plan to the extent funded with proceeds from the Corporation’s dividend reinvestment plan, or DRIP),3 except with respect to this clause (iv) as necessary to maintain the REIT status of the Corporation. For purposes of this Section 8(b), the filing in accordance with applicable law of articles supplementary or any similar document setting forth or changing the designations, preferences, conversion or other rights, voting powers, restrictions, limitation as to dividends and other distributions, qualifications or other terms of any class or series of stock of the Corporation shall be deemed an amendment to the Charter. Excep...

Series A Majority means Investors holding, as of the applicable time, a majority of the then-outstanding Series A Shares;

Series A Majority means the Persons holding a majority of the Series A Preferred Shares.