Majority Series B Preferred Shareholders definition

Majority Series B Preferred Shareholders means the holders representing more than fifty percent (50%) of, the Series B Preferred Shares then outstanding, voting as a single class on an as converted basis.

Majority Series B Preferred Shareholders means the Preferred Shareholders that hold more than 50% of the then outstanding Series B Preferred Shares.

Majority Series B Preferred Shareholders means holders of at least fifty percent (50%) of the voting power of the then outstanding Series B Preferred Shares (on a fully diluted basis).

Examples of Majority Series B Preferred Shareholders in a sentence

• Subject to Section 8.5 of this Agreement, the Majority Series A-1 Preferred Shareholders, the Majority Series A-2 Preferred Shareholders, the Majority Series B Preferred Shareholders (which shall include Apoletto), and the Majority Series C Preferred Shareholders shall have the right to nominate new management personnel to the Company, subject to the approval of the Board.

More Definitions of Majority Series B Preferred Shareholders

Majority Series B Preferred Shareholders means the holders of more than fifty percent (50%) of the Series B Preferred Shares then outstanding, voting as a single class on an as-converted basis.