Majority Preference Shareholders definition

Majority Preference Shareholders means the holders of at least 66 2/3 per cent. of the issued and existing Preference Shares as set out in the Constitution.
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Majority Preference Shareholders means the holders of a majority of the Preference Shares excluding the Company Preference Shareholders;
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Majority Preference Shareholders means the holders of at least 85% of the total number of Preference Shares outstanding.
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Examples of Majority Preference Shareholders in a sentence

  • If New Noble holds no Preference Shares, the Majority Preference Shareholders shall have the right to appoint two members to the Strategic Review Committee, provided that such persons are each determined by a majority of the INED’s (acting reasonably) to be a Qualifying Person.

  • In order to exercise the foregoing mandatory redemption right, the Majority Preference Shareholders shall give notice in writing to the Company of the Shareholder Mandatory Redemption Event and their exercise of the right to call for mandatory redemption of all of the outstanding Preference Shares (the “Shareholder Mandatory Redemption Notice”).

  • The quorum at any general meeting shall be two (2) Shareholders present in person or by proxy, provided that such Shareholders present in person or by proxy include representatives of the Majority Preference Shareholders.

  • MMH will also appoint an additional trustee at that time.Trustees (other than independent trustees) are not be entitled to remuneration from the Trust for their services as trustees, unless (i) otherwise determined by MMH, from time to time, having regard to market norms and (ii) until the Discharge Date, approved by the Majority Preference Shareholders.


More Definitions of Majority Preference Shareholders

Majority Preference Shareholders means, at any time, one or more Subscribers the amount stated by the names of which in column (3) of Schedule 1 exceed 50.0 per cent. of the Total Subscription Amount (the “Majority Threshold”) provided that if any Subscriber fails to accept or reject a request for any consent, approval, or agreement in relation to a release, waiver or amendment of any provisions of the Transaction Documents or other vote of the Subscribers under the terms of the Transaction Documents (a “Request”) within ten (10) Business Days (or, if such Subscriber is a Defaulting Subscriber, five (5) Business Days) of the date of such Request being made such Subscriber shall be deemed to have irrevocably waived its voting right in respect of such Request and be automatically excluded from participating in that vote, and its vote shall not be included (or, as applicable, required) when ascertaining whether the approval of the Subscribers has been obtained with respect to that request for a consent or agreement and the amount stated by the name of such Subscriber in column (3) of Schedule 1 shall be excluded from the numerator and the denominator for the purposes of ascertaining whether the Majority Threshold has been met or exceeded.
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Related to Majority Preference Shareholders

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

  • 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 Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.

  • Ordinary Shareholders means the holders of Ordinary Shares;

  • Majority Stockholder means, collectively or individually as the context requires, TPG Capital, L.P., Apollo Global Management, LLC and/or their respective affiliates.

  • 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 of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • 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 A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

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

  • majority of the outstanding shares means the lesser of (a) sixty-seven percent (67%) or more of the shares present at a meeting if more than fifty percent (50%) of these shares are present or represented by proxy, or (b) more than fifty percent (50%) of the outstanding shares.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

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

  • Voting Preferred Stock means, with regard to any election or removal of a Preferred Stock Director (as defined in Section 8(b) below) or any other matter as to which the holders of Series E are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series E) that rank equally with Series E either as to the payment of dividends or as to the distribution of assets upon liquidation, dissolution or winding up of the Corporation and upon which like voting rights have been conferred and are exercisable with respect to such matter.

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

  • Preferred Shareholder means any holder of Preferred Shares.

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

  • Company Preferred Shares means, collectively, the Company Series A-1 Preferred Shares, the Company Series A-2 Preferred Shares, the Company Series B Preferred Shares, and the Company Undesignated Preferred Shares.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

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

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

  • 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.