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, 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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Examples of Majority Preference Shareholders in a sentence

  • The Majority Preference Shareholders may withdraw any notice requiring early redemption of Preference Shares by serving notice to this effect on the Company before the date for redemption stated in that notice.

  • The Company may with the consent in writing of the Majority Preference Shareholders redeem all or multiples in aggregate amount of US$500,000 of the Preference Shares (or if the then outstanding aggregate amount of the Preference Shares is less than US$500,000, all the outstanding Preference Shares) at any time by serving notice on the Preference Shareholders specifying the number of Preference Shares to be redeemed and a date between 14 and 28 days later on which the redemption is to take place.

  • Subject to the terms of the Senior Credit Agreement the Preference Shares may be redeemed at any time upon or after a Sale or Listing at the election of either the Company or the Majority Preference Shareholders.

  • 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.


More Definitions of Majority Preference Shareholders

Majority Preference Shareholders means the holders of at least 85% of the total number of Preference Shares outstanding.
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Related to Majority Preference Shareholders

  • 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.

  • 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.

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

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

  • Company Preferred Shares shall have the meaning set forth in Section 4.2(a).

  • 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 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.