Series A Majority Holders definition

Series A Majority Holders means the holders of at least sixty percent (60%) of the voting power of the then outstanding Series A Preferred Shares (calculated on as-converted basis).

Series A Majority Holders means at any time the Holders of outstanding shares of Series A Preferred Stock which shares constitute a majority of the outstanding shares of Series A Preferred Stock.

Series A Majority Holders means the holders of At least 50% of the outstanding shares of Series A Preferred Stock.

Examples of Series A Majority Holders in a sentence

• Any of the rights, powers or preferences of the holders of Series A Preferred Stock set forth herein may be waived or defeased by the affirmative consent or vote of the Series A Majority Holders.

• The initial Series A Directors shall be as designated by written notice to the Company from the Series A Majority Holders.

• The Series A Majority Holders shall have the right to select the successor to any Series A Director who resigns or is removed from the Board of Directors.

• Upon the expiry of any of the exclusive distribution agreements delivered pursuant to Sections 6.17 and 8.5 of the Purchase Agreement, the Company shall endeavor to extend the term of such exclusive distribution agreements by entering into new agreements with the relevant manufacturers in form and substance satisfactory to the Series A Majority Holders.

• Except as expressly provided herein, neither this Agreement nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument referencing this Agreement and signed by the Company and the Series A Majority Holders.

• The Company agrees that, at the option of the Series A Majority Holders, at least one Series A Director designated by the Series A Majority Holders shall serve on each of the committees of the Board of Directors, subject to any restrictions under applicable law or the rules and requirements of any securities exchange upon which any of the Company's securities may be listed.

• Notwithstanding any other provisions of this Article 6, with the written consent of the Corporation, the Series A Majority Holders shall be entitled, on behalf of all Series A Holders, to waive any entitlement to an adjustment to the Conversion Value under this Article 6.

• No adjustment to the Series A Conversion Price shall be made as the result of the issuance or deemed issuance of New Securities if the Company receives written notice from the Series A Majority Holders agreeing that no such adjustment shall be made as the result of the issuance or deemed issuance of such New Securities.

• The Company shall not, and shall not cause or permit any of its subsidiaries to, sell, assign, transfer, pledge or grant a security interest in any shares of the capital stock of any of their respective subsidiaries (including, without limitation, Rolling Rhine, China Xxxxxxx Xxx and Anqing Xxxxxxx Xxx Ltd.), without the prior written consent of the Series A Majority Holders.

• If after the date hereof the Company or any of its subsidiaries acquires or creates any new subsidiary, the Company shall promptly notify the Investors of such acquisition or creation and shall cause such new subsidiary to become a party to the Guarantee pursuant to documentation in form and substance satisfactory to the Series A Majority Holders.

More Definitions of Series A Majority Holders

Series A Majority Holders means, as of the relevant time of reference, one or more Series A Holders of record who hold collectively more than 50% of the outstanding Series A Shares.

Series A Majority Holders means as of any date the holders of at least a majority of the shares of Series A Preferred Stock then outstanding (as adjusted for stock splits, stock dividends, combinations and other similar events).

Series A Majority Holders means holders of more than 50% of the then outstanding shares of Series A Preferred Stock. Specified Date shall have the meaning set forth in Clause 4.2.

Series A Majority Holders means the Holders of a majority in aggregate principal amount of the then outstanding Series A Notes.

Series A Majority Holders means, as of any given time, holders holding no less than a majority in voting power of the shares of Common Stock issued or issuable upon the conversion of all Series A Preferred Stock.