Majority Preferred A Holders definition
Majority Preferred A Holders means, the holders representing more than fifty percent (50%) of the voting power of the outstanding Series A Preferred Shares.
Majority Preferred A Holders means the holders of a majority of the outstanding Series A Preferred Shares, which shall include at a minimum each of ShanghaiMed and Time Intelligent. Notwithstanding the foregoing, for purposes of the Memorandum and these Articles, in each circumstance where the special consent or vote of the “Majority Preferred A Holders” is required under the Memorandum and these Articles in order to approve or otherwise take an action, in the event that ShanghaiMed and Time Intelligent cannot reach joint affirmative (or negative) agreement within fourteen (14) Business Days from the date of the formal notice in writing issued by the Company of such circumstance, then the requirement under the Memorandum and these Articles to obtain the Majority Preferred A Holders’ special consent or vote in connection therewith shall be deemed to be “inapplicable” and no longer required in order to approve or otherwise take such action. For the avoidance of doubt, in the event that the consent or vote of the Majority Preferred A Holders is deemed “inapplicable”: (i) in circumstances where the Majority Preferred A Holders’ special consent is required, including without limitation Section 9.II.B of the Memorandum, such consent shall no longer be required of the Majority Preferred A Holders in order to take or approve such action; and (ii) in circumstances where a shareholder vote is required, either by written consent or at a shareholder meeting, the separate vote of the Majority Preferred A Holders as a separate class shall no longer be required.
Majority Preferred A Holders means those Persons holding more than fifty percent (50%) of the issued and outstanding shares of the Series A Preferred Stock.
More Definitions of Majority Preferred A Holders
Majority Preferred A Holders means those Persons holding more than fifty percent (50%) of the issued and outstanding shares of the Series A Preferred Stock, Series A-1 Preferred Stock and Series A-2 Preferred Stock voting together as a single class on an as-if-converted basis, but separately from any other class of securities.