Examples of Majority Series A Holders in a sentence
Subject to Part C, Section 4 of this Article Fourth, the Corporation will not amend, alter or repeal the preferences, special rights or other powers of the Series A Preferred Stock so as to materially adversely affect the Series A Preferred Stock without the written consent or affirmative vote of the Majority Series A Holders, given in writing or by vote at a meeting, consenting or voting (as the case may be) as a separate class.
No adjustment in the Series A Conversion Price shall be made as the result of the issuance or deemed issuance of New Securities if the Company receives written notice from the Majority Series A Holders agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such New Securities.
Notwithstanding the foregoing, any attempt by a Key Holder or any other Common Holder (other than FSL and Tiger) to transfer Equity Securities in violation of Section 2 or 3 shall be void, and the Company agrees it will not effect such a transfer nor will it treat any alleged Transferee as the holder of such Shares without the written consent of the Majority Series A Holders, the Majority Series B Holders and the Majority Series C Holders, each voting or consenting as a single class.
This Agreement may be amended or modified and the observance of any term hereof may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a written instrument executed by (i) the Company, (ii) the Key Holders holding a majority of the Common Shares held by all Key Holders; (iii) Tiger; (iv) the Majority Series C Holders, (v) the Majority Series B Holders and (vi) the Majority Series A Holders.
The Majority Series A Holders may exercise such right by delivering written notices ("Exercise Notices") to such effect, which, ---------------- collectively, have been signed by the Majority Series A Holders, to the Company at any time after the date of the occurrence of the Redemption Event and prior to the expiration of the 30 day period following the Company's delivery of written notice of the Redemption Event to the holders of Series A Convertible Preferred Stock.