Majority Preferred Shareholders definition

Majority Preferred Shareholders means the holders of the majority of the issued and outstanding Preferred Shares (calculated on an as converted basis).
Sample 1Sample 2Sample 3
Majority Preferred Shareholders means the Preferred Shareholder(s) representing more than 50% of the total Ordinary Shares (calculated on an as-converted basis) that all Preferred Shareholders hold in the Company.
Sample 1Sample 2Sample 3
Majority Preferred Shareholders means the holders of at least two thirds (2/3) of the voting power of the then outstanding Preferred Shares (voting as one separate class on an as converted basis).
Sample 1Sample 2

Examples of Majority Preferred Shareholders in a sentence

  • No Holder of Registrable Securities shall be granted piggyback registration rights superior to those of the Holders of the Preferred Shares without the consent in writing of the Majority Preferred Shareholders.

  • Subject to the Memorandum and Articles, the number of shareholders necessary to constitute a quorum at any annual or extraordinary general meeting shall be the shareholders representing more than fifty percent (50%) of the Ordinary Shares (calculated on an as-converted basis) issued and outstanding of the Company (including Majority Preferred Shareholders and Majority Founding Parties).

  • Unless otherwise provided by law or the Articles, shareholders representing more than fifty percent (50%) of the Ordinary Shares (calculated on an as-converted basis) issued and outstanding of the Company (including Majority Preferred Shareholders and Majority Founding Parties), present in person or represented by proxy, shall constitute a quorum at a meeting of Shareholders.

  • If the consideration received by the Company or its Member in a liquidation is other than cash, subject to obtainment of any necessary consents under the applicable laws, the valuation of such consideration in-kind shall be determined by an independent valuer jointly appointed by the Company and the Simple Majority Preferred Shareholders through consultation and agreement, and such valuation shall be binding on all parties.

  • Each Preferred Share shall automatically be converted, based on the then-effective Conversion Price, without the payment of any additional consideration, into fully-paid and non assessable Ordinary Shares upon the earlier of (i) the closing of a Qualified IPO, or (ii) the date specified by written consent or agreement of the Majority Preferred Shareholders.

  • If the consideration received by the Company or its Shareholders in a liquidation is other than cash, subject to obtainment of any necessary consents under the applicable Laws, the valuation of such consideration in-kind shall be determined by an independent valuer jointly appointed by the Company and the Simple Majority Preferred Shareholders through consultation and agreement, and such valuation shall be binding on all Parties.

  • Any attempt by a party to sell or transfer Non-Investor Ordinary Shares in violation of this Section 4 shall be void and the Company hereby agrees it will not effect such a transfer nor will it treat any alleged transferee as the holder of such shares unless with the written consent of the Majority Preferred Shareholders and subject to the provisions of Section 8 under this Agreement.

  • If any question shall at any time arise with respect to the adjusted Conversion Price, such question shall be determined by the independent firm of certified public accountants of recognized national standing selected by the Majority Preferred Shareholders and acceptable to the Corporation.

  • As a “First Stage Remedy”, immediately upon the occurrence of any Event of Default, the Majority EVR Royalty Holders, on behalf of the EVR Royalty Holders, and following the Royalty Expiry Time, the Majority Preferred Shareholders, on behalf of the holders of EVR Preferred Shares, will have the right to appoint a single representative to act as a non-voting observer to the EVR Board and each committee thereof, subject to customary requirements.

  • Notwithstanding the foregoing, any attempt by a Selling Shareholder to transfer any of the Transfer Shares in violation of Article 11A or Article 11C shall be void, and the Company will not effect such a transfer nor will treat any alleged transferee as the holder of such shares without the written consent of the Majority Preferred Shareholders.


More Definitions of Majority Preferred Shareholders

Majority Preferred Shareholders means collectively, the holders of a simple majority of the voting power of the Series A Preferred Shares, and the holders of a simple majority of the voting power of the Series B Preferred Shares.
Sample 1Sample 2
Majority Preferred Shareholders means the holders of more than fifty percent (50%) of the voting power of the outstanding Preferred Shares, voting as a single class and on an as-converted basis.
Sample 1
Majority Preferred Shareholders means Majority Series A Preferred Shareholders, Majority Series B Preferred Shareholders, Majority Series C Preferred Shareholders, Majority Series D Preferred Shareholders, Majority Series D+ Preferred Shareholders and Majority Series E Preferred Shareholders.
Sample 1
Majority Preferred Shareholders means the Majority Series A Preferred Shareholders, the Majority Series B Preferred Shareholders, the Majority Series C Preferred Shareholders, the Majority Series D Preferred Shareholders, the Majority Series D+ Preferred Shareholders and the Majority Series E Preferred Shareholders.
Sample 1
Majority Preferred Shareholders means the holders of more than fifty percent (50%) voting power of the outstanding Preferred Shares, voting as a single class and on an as-converted basis.
Sample 1

Related to Majority Preferred Shareholders

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

  • Preferred Shareholders means the holders of Preferred Shares.

  • 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.

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

  • Preferred Shareholder means any holder of Preferred Shares.

  • Ordinary Shareholders means the holders of the Ordinary Shares of the Company.

  • Majority Stockholder means any person that would be a “50-percent shareholder” (within the meaning of section 382(g)(4)(D) of the U.S. Tax Code) of Common Stock if such person claimed a Worthless Stock Deduction at any time on or after the Petition Date.

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

  • Independent Shareholders means holders of Voting Shares, other than:

  • Company Shareholders Meeting shall have the meaning set forth in Section 5.2(b).

  • Company Shareholders means holders of Company Shares.

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

  • Voting Preferred Stock means, with regard to any matter as to which the holders of Series T are entitled to vote as specified in Section 8 of this Certificate of Designations, any and all series of Preferred Stock (other than Series T) that rank equally with Series T 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 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.

  • Existing Shareholders has the meaning set forth in the preamble.

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

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

  • Class A Shareholder means a holder of Class A Shares;

  • 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.

  • Controlling Shareholders means controlling shareholders of the Company, as such term is defined in the Ordinance.

  • 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.

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

  • Common Stockholders means holders of shares of Common Stock.