Preferred Majority definition

Preferred Majority means the holders of at least a majority of the then outstanding Preferred Shares voting together as a single class and on an as-converted basis.

Preferred Majority means the holders, or their permitted assigns, holding at least fifty percent (50%) of the then outstanding Preferred Shares.

Preferred Majority means Preferred Shareholders holding more than fifty per cent. (50%) of the Preferred Shares then issued and outstanding.

Examples of Preferred Majority in a sentence

• The requisite consent can be set at shareholder level (combined preferred majority or series-by-series Series Preferred Majority) or the board level.

• Without limiting any other covenants and provisions hereof, and except to the extent the following covenants and provisions of this Section 5.2 are waived in any instance by the holders of Preferred Majority, the Corporation covenants and agrees that it shall perform and observe the following covenants and provisions, and shall cause each of its subsidiaries, if and when such subsidiary exists, to perform and observe such covenants and provisions.

• Subject to the immediately preceding sentence, and except as expressly provided in this Agreement, none of the Parties to this Agreement may assign its rights, benefits, remedies and obligations under this Agreement without the prior written consent of the Corporation and a Preferred Majority.

• For so long as the Investor has the right to appoint a director pursuant to this paragraph 14(a), the Series B Preferred Director shall be appointed by Series B Preferred Majority Approval and such appointment shall take effect on such Series B Preferred Majority Approval having been served upon the Company.

• For so long as Series B Preferred Shares are outstanding, the Series B Preferred Director may be removed by Series B Preferred Majority Approval and, for so long as the appointment rights in paragraph 14(a) and (b) apply, have the right to appoint another person(s) in his or her place.

More Definitions of Preferred Majority

Preferred Majority means collectively, the Series Seed Majority, the Series A Majority and the Series B Majority.

Preferred Majority means the holders representing at least 55% of the voting power of the Investors, voting as a single class on an as-converted basis.

Preferred Majority means holders of a majority of the outstanding shares of Preferred Stock (voting as a single class and on an as-converted basis).

Preferred Majority means the holders of (a) more than two-thirds (2/3) of the then issued and outstanding Series A Preferred Shares, (b) more than seventy-five percent (75%) of the then issued and outstanding Series B Preferred Shares, (c) more than fifty percent (50%) of the then issued and outstanding Series C-1/C-2 Preferred Shares, (d) more than fifty percent (50%) of the then issued and outstanding Series C-3 Preferred Shares and (e) more than fifty percent (50%) of the then issued and outstanding Series D Preferred Shares.

Preferred Majority means the holders of more than fifty percent (50%) of the then issued and outstanding Preferred Shares, calculated on an as-converted basis;

Preferred Majority means collectively, the Series A Preferred Majority, the Series A+ Preferred Majority, the Series B Preferred Majority, the Series C Preferred Majority, the Series C1/C2 Preferred Majority and the Series D Preferred Majority.

Preferred Majority means the holders of at least ninety-two (92%) of the Preferred Shares (voting together as a single class and calculated on an as-converted basis).