Majority of the Series B Preferred Stock definition

Majority of the Series B Preferred Stock means more than 50% of the outstanding shares of Series B Preferred Stock.
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Majority of the Series B Preferred Stock means more than fifty (50%) percent of the then-outstanding shares of the Series B Preferred Stock.
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Examples of Majority of the Series B Preferred Stock in a sentence

  • The Board shall establish a compensation committee of three directors (the "Compensation Committee"), one member of which shall be selected by the Holders of a Majority of the Series A Preferred Stock, one member of which shall be selected by the Holders of a Majority of the Series B Preferred Stock, and the third member of which shall be appointed by the Board of the Corporation.

  • With the written consent of Holders of a Majority of the Series B Preferred Stock, the obligations of the Company and the rights of the Holders under this Certificate of Designation may be waived (either generally or in a particular instance, either retroactively or prospectively and either for a specified period of time or indefinitely).

  • On any Dividend Payment Date occurring on any December 31 before the Dividend Reset Date, Holders of a Majority of the Series B Preferred Stock may elect, by written notice to the Company on or before five (5) business days preceding the applicable Record Date, to have the Company pay in cash up to the full amount of the dividend payable on such date less any cash dividends paid with respect to the previous three Dividend Periods, or the portion thereof as shall not exceed the Profits of the Company.

  • The affirmative consent of a Majority of the Series B Preferred Stock, voting as a separate series, shall be required to designate any series or class of preferred stock of the Company having a preference prior to the Series B Preferred Stock upon any liquidation, or having dividend rights prior in payment to the Series B Preferred Stock.

  • Each share of Series B Preferred Stock shall automatically be converted into shares of Common Stock based on the then effective Conversion Price upon the receipt by the Corporation of a written notice from the Holders of a Majority of the Series B Preferred Stock electing unconditionally to convert their shares of Series B Preferred Stock.

  • All other securities or other property shall be valued at the fair market value thereof, as mutually determined by the Corporation and the Holders of a Majority of the Series B Preferred Stock.

  • At any such meeting, or at any other meeting held while the holders of the Series B Preferred Stock have the voting power described in this subsection (d), the Holders of a Majority of the Series B Preferred Stock, present in person or by proxy, shall be sufficient to constitute a quorum for the election of directors as herein provided.

  • With the written consent of Holders of a Majority of the Series B Preferred Stock, the obligations of the Company and the rights of the Holders 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).

  • If the securities are not listed on a national securities exchange or quoted on the Nasdaq National Market and are either not otherwise quoted on a NASD quotation system or there is no active public market therefor, the value shall be the fair market value thereof, as mutually determined by the Corporation and the Holders of a Majority of the Series B Preferred Stock.

  • The method of valuation of securities subject to Securities Act of 1933 or other restrictions on free marketability shall be to make appropriate discount from the market value determined as above in paragraph (1)(A), (B) or (C) to reflect the approximate fair market value thereof, as mutually determined by the Corporation and the Holders of a Majority of the Series B Preferred Stock.

Related to Majority of the Series B Preferred Stock

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

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

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

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

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

  • 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.

  • Series B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

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

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

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

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series A-2 Preferred Stock means shares of the Company’s Series A-2 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.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

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

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

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

  • 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.

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

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series A Preferred means the Series A preferred stock, $.01 par value per share, of the Company.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • 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 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.