Required Preferred Stockholders definition

Required Preferred Stockholders means the holders of at least 66-2/3% of the outstanding shares of Preferred Stock (voting together as a single class on an as converted to Common Stock basis).
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Required Preferred Stockholders means holders of Preferred Stock holding more than fifty percent (50%) of the then issued and outstanding shares of Preferred Stock.
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Required Preferred Stockholders means (A) the holder or holders of at least 66 2/3% of the Shares at the time outstanding if at such time you, the other purchasers referred to in Section 2.20 and your and their respective affiliates in the aggregate hold at least 66 2/3% of the then outstanding Shares and (3) otherwise the holder or holders of at least a majority of the Shares at the time outstanding.
Sample 1

Examples of Required Preferred Stockholders in a sentence

  • Each Attorney-In-Fact, after the Required Preferred Stockholders have elected to exercise their rights under Section 2.1, subject to the termination of the Exit Sale under Section 2.5, may exercise the irrevocable proxy granted to them hereunder at any time any stockholder fails to comply with any of the provisions of this Section 2.

  • The Corporation shall not have the power to effect any Corporation Sale unless (i) the agreement related thereto provides that the consideration payable to the stockholders of the Corporation shall be allocated in accordance with this Section 4.4 or (ii) the Required Preferred Stockholders specifically consent in writing to the allocation of such consideration in a manner different from that provided in this Section 4.4.

  • Each Stockholder hereby agrees, if the Required Preferred Stockholders approve by written consent a Corporation Sale as a result of an Auction after the occurrence of a Trigger Event, to vote its Stock or execute written consents, as the case may be, and take all other necessary action (including causing the Corporation to call a special meeting of stockholders) in order to ensure that the Corporation consummates such Corporation Sale.

  • The Required Preferred Stockholders may exercise such right by delivering written notice (a “Sale Notice”) thereof to the Corporation at any time, and from time to time, after the occurrence of and during the continuation of a Sale Trigger Event.

  • Any action as to which a class vote of holders of Preferred Stock is required pursuant to the terms of this Certificate of Incorporation may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by Required Preferred Stockholders.

  • From and after the occurrence of a Trigger Event, the Preferred Stockholders shall be entitled to initiate a Corporation Sale by requiring the Corporation to commence an Auction upon the completion of which the Required Preferred Stockholders may elect to require the Stockholders to vote their Stock to direct the Corporation to consummate such Corporation Sale.

  • The number of authorized shares of Common Stock may be increased or decreased (but not below the number of shares of Common Stock then outstanding) by an affirmative vote of the Required Preferred Stockholders.

  • This restriction includes, but is not limited to, use of the Beat and/or Final Track in television, commercials, film/movies, theatrical works, video games, and in any other form on the Internet which is not expressly permitted herein.

  • Any such redemption shall occur concurrently with the consummation of any Mandatory Redemption Event, or if postponed by the Required Preferred Stockholders, within five (5) Business Days following written notice from such Required Preferred Stockholders ending such postponement.

  • This Agreement may be amended at any time only by an instrument in writing executed by the Corporation with the approval of (i) the Board, (ii) Stockholders holding at least 66 2/3% of the outstanding Common Stock, and (iii) the Required Preferred Stockholders.


More Definitions of Required Preferred Stockholders

Required Preferred Stockholders means the Preferred Stockholders owning at least a majority of the outstanding Series A Preferred Stock.
Sample 1
Required Preferred Stockholders means Preferred Stockholders owning at least a majority of the outstanding Preferred Stock.
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Related to Required Preferred Stockholders

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

  • Qualified Preferred Stock means any preferred capital stock of Holdings so long as the terms of any such preferred capital stock (x) do not contain any mandatory put, redemption, repayment, sinking fund or other similar provision prior to the 91st day after the Latest Maturity Date as of the date such Qualified Preferred Stock was issued other than (i) provisions requiring payment solely (or with provisions permitting Holdings, to opt to make payment solely) in the form of common Equity Interests, Qualified Preferred Stock of Holdings or cash in lieu of fractional shares, as applicable, or any Equity Interests of any direct or indirect Parent Company of Holdings, (ii) provisions requiring payment solely as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale are subject to the payment in full of all Obligations in cash (other than unasserted contingent indemnification obligations) or such payment is otherwise permitted by this Agreement (including as a result of a waiver or amendment hereunder) and (iii) with respect to preferred capital stock issued to any plan for the benefit of employees of Holdings or its Subsidiaries or by any such plan to such employees, provisions requiring the repurchase thereof in order to satisfy applicable statutory or regulatory obligations and (y) give Holdings the option to elect to pay such dividends or distributions on a non-cash basis or otherwise do not require the cash payment of dividends or distributions at any time that such cash payment is not permitted under this Agreement or would result in an Event of Default hereunder.

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • New Preferred Stock means the Convertible Series A Preferred Stock and the Series B Preferred Stock.

  • Series A-1 Preferred Stock means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

  • Series B Preferred Stock means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.001 per share, of the Company.

  • Series D Preferred means the Series D Convertible Preferred Stock of the Company, par value $.01 per share.

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 per share.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.001 per share.

  • Permitted Preferred Stock means and refers to any Preferred Stock issued by Parent (and not by one or more of its Subsidiaries) that is not Prohibited Preferred Stock.

  • Series B-1 Preferred Shares means the Company’s series B-1 preferred shares, par value US$0.00001 per share.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • Designated Preferred Stock means Preferred Stock of the Company or any direct or indirect parent of the Company, as applicable (other than Disqualified Stock), that is issued for cash (other than to the Company or any of its Subsidiaries or an employee stock ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof.