Series B Majority definition

Series B Majority means (i) the holders of at least a majority of the voting power of the outstanding Series B1 Preferred Shares, the Series B2 Preferred Shares and the Series B3 Preferred Shares (voting together as a single class and on an as converted basis) and Tencent (provided that Tencent holds a majority of the voting power of the outstanding Series B1 Preferred Shares and the Series B2 Preferred Shares (voting together as a single class and on an as converted basis)); or (ii) the holders of at least a majority of the voting power of the outstanding Series B1 Preferred Shares, the Series B2 Preferred Shares and the Series B3 Preferred Shares (voting together as a single class and on an as converted basis) provided that Tencent fails to hold a majority of the voting power of the outstanding Series B1 Preferred Shares and the Series B2 Preferred Shares (voting together as a single class and on an as converted basis).

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

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

Examples of Series B Majority in a sentence

• 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.

• 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) as follows: (a) in the case of an amendment - by the Company, Series B-1 Majority, Series B Majority, Series A-1 Majority and the Series A Holder; and (b) in the case of a waiver - by the party against whom the waiver is to be effective and by the Company.

More Definitions of Series B Majority

Series B Majority means Shareholders holding in the aggregate not less than 50% of the outstanding Registrable Securities.

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

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

Series B Majority means the consent of the holders of a majority of the Series B Preferred Shares then in issue;

Series B Majority means Series B Holders that own more than 50% of the outstanding Series B Shares.

Series B Majority means the holder(s) representing at least the majority of the Series B Preferred Shares.

Series B Majority means the holders of more than 65 per cent. Of Series B Shares from time to time;