Examples of Series A Majority in a sentence
Drag-Along rights are exercisable immediately by a Series A Majority Interest.
Amendment The LLC Agreement may only be amended with the affirmative vote of a Majority Interest; provided that the affirmative vote of a Series A Majority Interest will be required if the amendment amends any of the rights, preferences or priorities of the Series A.
Upon exercise of the Drag-Along rights, all Members must sell their Units to a non-affiliate of the LLC as designated by a Series A Majority Interest.
Xx. Xxxxxxxx refused to provide a waiver of the SRA provisions requiring the consent of the Series A Majority for the offering of our Common Stock in March 2020 and his right of first refusal.
Any amendment or waiver of the SRA provisions requires the written consent of the (i) Series A Majority; (ii) the Series B Majority; (iii) the holders of a majority of the capital stock of the Company held by the former holders of Series A Preferred Stock; and (iv) the holders of a majority of the capital stock of the Company held by the former holders of the Series B Preferred Stock.