Majority B Holders definition

Majority B Holders means the holder(s) of a majority of the Series B Preferred Shares then issued and outstanding.
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Majority B Holders means the holders of more than 50% of the issued and outstanding Series B Preferred Stock;
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Majority B Holders means, as of any date of determination thereof, ------------------ the holders of not less than a majority in aggregate outstanding principal amount of all Series B Certificates.
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Examples of Majority B Holders in a sentence

  • The Series B Representative can only be removed from such Subsidiary Boards upon request of the Majority B Holders, unless such representative resigns voluntarily or the term of his/her service expires, in which case the Majority B Holders shall be entitled to nominate a replacement to be appointed to fill the vacancy thus created.

  • The Majority B Holders shall be entitled to nominate and elect one (1) Director (the “Series B Director”) to the Board and to remove such Director nominated by such holders and to nominate and elect another person to replace the Director removed.

  • The Series B Director can only be removed from the Board by the Majority B Holders, unless such Director resigns voluntarily or the term of his/her service expires, in which case the Majority B Holders shall be entitled to nominate a replacement to be appointed to fill the vacancy thus created.

  • The Majority B Holders shall be entitled to nominate, elect and remove one (1) Director (the “ Series B Director”) to the Board and to remove such Director nominated by such holders and to nominate and elect another person to replace the Director removed.

  • Any By-Laws adopted or amended by the Board may be amended or repealed by a vote of the majority A-1 Holders and the Majority B Holders.

  • Although several small farms closed out, productivity growth and investments in farm development more than made up for the loss of production that this caused.

  • If the Majority B Holders object to the calculation of the Trailing 12 Months Financial Test set forth in the Financial Test Notice by delivering written notice to the Corporation within fifteen (15) days of such holders’ deemed receipt of the Financial Test Notice (the “Financial Test Notice Objection”) then the Corporation’s then-primary independent public accounting firm (or any other regional or national accounting firm) (the “Auditor”) which shall calculate the Trailing 12 Months Financial Test.

  • No adjustment in the B Preference Share Conversion Price shall be made as the result of the issuance or deemed issuance of Additional Ordinary Shares if the Company receives written notice from the Majority B Holders agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such Additional Ordinary Shares.

  • The Corporation shall not use any portion of the Free Cash Flow for such purchase, redemption, dividend or quicker debt repayment until: (i) the Majority B Holders have agreed to the use of such Free Cash Flow (or has not objected within 15 days of receiving such Financial Test Notice) or (ii) until the Auditor (as defined below) has verified the calculation.

  • All or any of the shares of Preferred Stock shall be redeemable at any time or from time to time after issuance, in whole or in part, at the option of the Corporation by vote or approval of (i) two-thirds of the members of the Board of Directors, (ii) the Majority A Holders and (iii) the Majority B Holders.


More Definitions of Majority B Holders

Majority B Holders means the holders of more than 50% of the B Preference Shares in issue;
Sample 1
Majority B Holders means the holders of a majority of the then outstanding shares of Series B Preferred Stock.
Sample 1

Related to Majority B Holders

  • Majority Participating Holders means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

  • Majority Stockholders means any Stockholder or combination of Stockholders who at the date of this Agreement own shares of Company Common Stock representing more than two-thirds of the total number of shares of Company Common Stock outstanding at the date of this Agreement.

  • Majority Shareholders means Xxxxxxx X. Xxx and Xxxxxxx X. Xxxxxxx.

  • Majority Investors means, as of any date, the holders of a majority of the Investor Shares outstanding on such date.

  • Majority Members means Members holding a majority of the Units owned by all Members or if there is only one Member, such Member.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Super-Majority Banks means at any time Banks having at least 85% of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Notes evidencing at least 85% of the aggregate unpaid principal amount of the Loans.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Investor Majority means [the holders of at least [ ] per cent of Series A Shares from time to time] [Note: amend as appropriate];

  • Majority Holders means the Holders of a majority of the aggregate principal amount of Securities registered under a Registration Statement.

  • Non-Directing Holders means the holders of Certificates representing the specified interest in the class of Certificates designated as the “controlling class” or the duly appointed representative of the holders of such Certificates or such other party otherwise entitled under the Note A-2 PSA to exercise the rights granted to the Non-Directing Holders in this Agreement. If Note A-2 has not been included in a Securitization, the Non-Directing Holder with respect to such Note will be the then-current Holder of such Note.

  • Acting Holders means, at the time of determination, Holders of at least 40% of the outstanding CVRs as set forth on the CVR Register.

  • Majority in Interest As to any Class of Regular Certificates, the Holders of Certificates of such Class evidencing, in the aggregate, at least 51% of the Percentage Interests evidenced by all Certificates of such Class.

  • Majority Trustee Vote means the vote of a majority of the Trustees;

  • Super Majority Lenders means a Lender or Lenders whose Revolving Facility Commitments aggregate more than eighty five per cent. (85%) of the Total Facility Commitments (or, if the Total Facility Commitments have been reduced to zero, aggregated more than eighty five per cent. (85%) of the Total Facility Commitments immediately prior to that reduction).

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • Super Majority has the meaning set forth in paragraph 5(b) of Annex I.

  • Initiating Holders means, collectively, Holders who properly initiate a registration request under this Agreement.

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • Majority Banks means at any time Banks holding more than 50% of the Commitments, or if the Commitments have been terminated, Banks holding more than 50% of the then aggregate unpaid principal amount of the Advances.

  • Majority Purchasers means one or more Purchasers representing more than 50% of the aggregate Commitments of all Purchasers (or, if the Commitments have been terminated, Purchasers representing 100% of the aggregate outstanding Capital held by all the Purchasers); provided, however, that in no event shall the Majority Purchasers include fewer than two (2) Purchasers at any time when there are two (2) or more Purchasers.

  • Note Majority means a majority by principal amount of the Noteholders.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.