Preferred Majority Holders definition

Preferred Majority Holders means, at any time of determination, the Holders of a majority of outstanding shares of Series A Preferred Stock acting as one class, as modified by Section 8(a).

Preferred Majority Holders means the holders representing seventy-five percent (75%) of the Series A Shares, the Series B Shares, the Series C Shares and the Series D Shares then outstanding, voting as a single class on an as converted basis and the holders representing fifty percent (50%) of the Series E Shares then outstanding, voting as a single class on an as converted basis.

Preferred Majority Holders means the Preferred Shareholders holding such number of Preferred Shares which represent at least fifty-one percent (51%) of the Ordinary Shares into which all of the then outstanding Preferred Shares are convertible (on an as-converted basis).

Examples of Preferred Majority Holders in a sentence

• The Company hereby acknowledges that it has not relied on any representation, written or oral, express or implied, by the Preferred Majority Holders, other than those expressly contained herein, in entering into this Amendment.

• The Company agrees that within sixty (60) days after the Amendment Effective Date (or such later date as agreed to in writing by the Preferred Majority Holders in their sole discretion), the Preferred Majority Holders shall receive a certificate of the appropriate official(s) of the jurisdiction of organization of SkyLink Travel, Inc., a California corporation, certifying as of a recent date as to the subsistence in good standing of such entity.

• The Company and the Preferred Majority Holders shall agree to the fair market value of the shares of Series A Preferred Stock and any warrants issued or deemed issued pursuant to the Reorganization Transactions within 60 days following any such issuance.

• If the parties cannot so agree, the matter shall be referred to a nationally recognized accounting or valuation firm mutually selected by the Company and the Preferred Majority Holders, whose written determination shall be final and binding on the parties (and the costs of which shall be borne equally by the Company and the Preferred Majority Holders).

• The Company shall execute any and all further documents, agreements and instruments, and take all further actions, as may be required under applicable law or as the Preferred Majority Holders may reasonably request, in order to effect the purposes of this Amendment.

More Definitions of Preferred Majority Holders

Preferred Majority Holders means, the holders representing more than fifty percent (50%) of the voting power of the outstanding Preferred Shares, calculated on an as-converted basis.

Preferred Majority Holders has the meaning set forth in the Articles of Association of the Company, as they may be amended or replaced from time to time.

Preferred Majority Holders means the Investors holding such number of Preferred Shares which represent at least fifty-one percent (51%) of the Ordinary Shares into which all of the then outstanding Preferred Shares are convertible (on an as-converted basis).

Preferred Majority Holders means, as of the relevant time of reference, one or more Preferred Holders of record who hold collectively a majority of the outstanding Preferred Shares.

Preferred Majority Holders means, as of the relevant time of reference, one or more Preferred Holders of record who hold collectively a majority of the outstanding Preferred Units.

Preferred Majority Holders has the meaning ascribed to such term in the Shareholders Agreement.

Preferred Majority Holders means the holders of more than 50 per cent. of the outstanding Preferred Shares, on an as-converted basis and voting as a single class, including for such purposes any Preferred Shares acquired by Didi and its Affiliates from any Investor (including for such purposes any Management Shares upon the occurrence of an Enforcement Event) but excluding (a) Preferred Shares held by Didi and its Affiliates pursuant to any conversion of outstanding principal amounts of the Series A-2 Note and (b) all Shares held by the Management and their respective Affiliates from time to time (including the Management Shares).