Series B Designee definition

Series B Designee means the Director or Directors who are appointed to the Board of Directors as of the Effective Time as the Series B Designees and any Director thereafter appointed to the Board of Directors or elected by the holders of the Series B Preferred Stock, voting as a separate class, pursuant to the Certificate of Designations of the Series B Preferred Stock.
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Series B Designee shall have the meaning assigned to such term in the Preamble.
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Series B Designee means each person that any Purchaser ----------------- designates in writing to the Company to receive, on behalf of such Purchaser, the information to which such Purchaser is entitled pursuant to Section 7.1(b)(v) hereof; provided that each Purchaser may not designate more than two persons pursuant hereto.
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Examples of Series B Designee in a sentence

  • In the event that any such nominee elected to the Board of Directors shall cease to serve as a director for any reason, the vacancy resulting therefrom shall be filled by such Board with a substitute person who has been nominated by the Holders of Series B Preferred Stock (in the case of a Series B Designee) or by Capital Z (in the case of the Capital Z Nominee).

  • The Company shall maintain a Compensation Committee and an Audit Committee of the Board of Directors, each of which shall have no more than three members, none of whom shall be employees of the Company or any Subsidiary, and each of which shall include one Series B Designee as a member thereof.

  • For so long as any Series B Designee is a Director, the Board of Directors shall conduct at least four Board meetings during each fiscal year of the Company.

  • If the number of Series B Designees appointed to the Board by the Investors is fewer than the number of Series B Designees the Investors are entitled to appoint to the Board as holders of the Series B Stock, the Investors shall be entitled to designate one observer ("Observer") for each Series B Designee the Investors are entitled to appoint to the Board but have not so appointed; provided, however, that in no event shall the Investors be entitled to appoint more than two Observers.

  • Except as otherwise described herein, holders of the Common Stock and Series A Preferred Stock shall have no right to vote for or otherwise elect any person to the Board of Directors as a Series B Designee or to fill any position or vacancy on the Board of Directors which would otherwise be occupied by a Series B Designee.

  • At each annual meeting of the Stockholders of the Company, or at any meeting of the Stockholders of the Company at which members of the Board of Directors of the Company are to be elected, or whenever members of the Board of Directors are to be elected by written consent, the Stockholders shall take such action as shall be necessary to cause the GE Designee, the BSL Designee, the Founders Designees, the Series A Designees, and the Series B Designee to be elected as directors.

  • One (1) member of the Board of Directors shall be subject to election and removal by the holders of Series B Preferred Stock and the holders of Series B-1 Preferred Stock voting as a separate class on an as converted to Common Stock basis (the "Series B Designee").

  • In addition, the Company shall not amend, modify, terminate, waive, or otherwise alter, in whole or in part, any of the above-referenced agreements or any restricted stock agreement between the Company and any employee, without the consent of a majority of the Series A Designees and the Series B Designee (each as defined in the Voting Agreement of even date herewith among the Investors and the Company, and together, the “Preferred Directors”) then serving on the Board.

  • The Purchaser, as sole holder of the Preferred Stock, shall have the right to nominate and elect the initial Series B Designee as the Series B Director of the Company.

  • Xxxx, Xx. shall be deemed to be the Series D Designee; (iii) Xxxxx Xxxxxxxxxx, and Xxx XxXxxxxx shall be deemed to be the Series C Designees, (iv) Xxxxxx Xxxxxxx shall be deemed to be the Series B Designee, (v) Xxxxx Xxxxxxx shall be deemed to be the First Issued Preferred Designee, (vi) Xxxxx Xxxxxxx shall be deemed to be the CEO Designee and (vii) Xxxxxx Xxxxxx and Xxxxx X.


More Definitions of Series B Designee

Series B Designee shall have the meaning given such term in the Company’s Amended and Restated Certificate of Incorporation as in effect on the date hereof;
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Series B Designee is defined in Section 7(b)(iv).
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Series B Designee shall be designated by stockholders comprising funds associated with Trident Capital, Inc., its Affiliates, and their successors and assigns (collectively, “Trident”) for so long as Trident holds an aggregate number of Shares (determined on an as-converted to Common Stock basis) of Series B Preferred Stock (or Common Stock issued on conversion thereof) and Series E Preferred Stock (or Common Stock issued on conversion thereof) equal to at least 40% multiplied by the sum of (A) the number of shares of Series B Preferred Stock purchased by Trident under the Series B Purchase Agreement (as adjusted for any stock combination, stock split, stock dividend, recapitalization or other similar transaction), plus (B) the number of Shares originally purchased by Trident under the Series E Purchase Agreement (as adjusted for any stock combination, stock split, stock dividend, recapitalization or other similar transaction).
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Series B Designee shall be chosen by ColPE Blade Investor, LLC (together with its affiliates, "Colony", for so long as Colony owns 2,140,484 shares of Common Stock (on an as-converted basis, which number is subject to appropriate adjustment for all stock splits, dividends, combinations, recapitalizations and the like), and by the holders of a majority of the Series B Preferred held by the Investors in the event that Colony no longer owns any shares of Series B Preferred.
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Related to Series B Designee

  • Series B Director means any director of the Company that the holders of record of the Series B Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

  • Investor Designee shall have the meaning set forth in Section 5(a).

  • Series B Preferred means the Company's Series B Preferred Stock, par value $0.01 per share.

  • Share Designation has the meaning assigned to such term in ‎Section 3.2(b).

  • Series B Holder means a Record Holder of the Series B Preferred Units.

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

  • Preferred Shareholder means any holder of Preferred Shares.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Series A Director means any director of the Company that the holders of record of the Series A Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

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

  • Series B Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B, of the Company.

  • Series Designation has the meaning assigned to such term in Section 3.03(a).

  • Series B Certificate of Designations has the meaning set forth in the recitals hereto.

  • Series B Certificate of Designation means the Certificate of Designation of the Powers, Preferences and Relative, Participating, Optional and Other Special Rights of 8% Series B Convertible Redeemable Preferred Stock and Qualifications, Limitations and Restrictions Thereof.

  • Preferred Holder means, with respect to a series of Preferred Units, a Record Holder of such series of Preferred Units.

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

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

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

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

  • Series B-1 Preferred Stock means shares of the Company’s Series B-1 Preferred Stock, par value $0.0001 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 A Directors means the directors of the Company that have been solely designated by the holders of record of the Series A Preferred Stock pursuant to the Company’s Certificate of Incorporation, the Stockholders Agreement or otherwise.