Required Preferred Holders definition

Required Preferred Holders means, as of the date of determination, the Preferred Partners holding a majority of the then issued and outstanding Preferred Units.

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Required Preferred Holders means Preferred Members holding more than fifty percent (50%) of the then issued and outstanding Preferred Units.

Required Preferred Holders means those holders of Series A Preferred and Series B Preferred holding at least a majority of the outstanding shares of Series A Preferred and Series B Preferred.

Examples of Required Preferred Holders in a sentence

At any time after the seventh anniversary of the Effective Date or upon a Change of Control, if so requested by the Required Preferred Holders, the Partnership shall redeem all of the issued and outstanding Preferred Units owned by all holders of Preferred Units by paying an amount of cash equal to the Base Preferred Return Amount with respect to each outstanding Preferred Unit in redemption or liquidation of all outstanding Preferred Units (the “Final Cash Redemption Amount”).
In order to exercise such right, the Investor Representative, upon request of the Required Preferred Holders, shall deliver a notice (a “Redemption Request Notice”) to the General Partner setting forth the request that all of the issued and outstanding Preferred Units be so redeemed.
Upon receipt of such written request by the Required Preferred Holders, the Corporation shall promptly notify in writing all other Holders of such request, and such other Holders shall have a period of ten Business Days following such notice from the Corporation to notify the Corporation in writing whether such other Holders, or any of them, desire to have Registrable Securities held by them registered for sale to the public under the Securities Act.
Any such redemption shall occur concurrently with the consummation of any Mandatory Redemption Event, or if postponed by the Required Preferred Holders, within five (5) Business Days following written notice from such Required Preferred Holders ending such postponement.
Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of STAC and the Required Preferred Holders.
This Agreement may be amended and any provision hereof waived only by the written consent of both the Company and each of the Required Preferred Holders.
Upon the occurrence of a Mandatory Redemption Event, to the extent not prohibited by applicable law or postponed in writing by the Required Preferred Holders, in their sole and absolute discretion, the Company shall redeem all then outstanding Preferred Units for cash in an amount per Preferred Unit equal to the Redemption Price as of such time.
From and after the date of this Agreement, the Company shall not, without the prior written consent of the Required Preferred Holders, enter into any agreement with any holder or prospective holder of any securities of the Company giving such holder or prospective holder any registration rights the terms of which are pari passu with or senior to the registration rights granted to the Holders hereunder.
This Agreement may be amended (and the rights hereunder waived) with the consent, in writing, of the Corporation and the Required Preferred Holders.
Each Holder acknowledges that by the operation of this paragraph, the Required Preferred Holders will have the right and power to diminish or eliminate all rights of such Holder under this Agreement, including rights under Section 4 hereof.

More Definitions of Required Preferred Holders

Required Preferred Holders means the holders of at least sixty percent (60%) of the outstanding Senior Preferred Stock of the Company voting together as a single class (as determined on an as-converted basis).

Required Preferred Holders means, at the relevant time of reference thereto, those Preferred Holders holding, in the aggregate, a majority of the Registrable Securities then held by all Preferred Holders.

Required Preferred Holders means the holders of a majority of the combined voting power of the shares of Preferred Stock then outstanding, voting together as a single class on an as-converted to Common Stock basis.

Required Preferred Holders means Preferred Holders holding a majority of the shares of Redeemable Preferred Stock outstanding; provided, however, that so long as the L▇▇▇▇▇ Purchaser shall own Redeemable Preferred Stock, it shall be a “Required Preferred Holder” for all purposes of this Agreement.