We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Series B Majority definition

Series B Majority means the holders holding more than fifty percent (50%) of the then outstanding Series B Preferred Shares and the then outstanding Series B+ Preferred Shares, voting as a single class on an as-converted basis.
Series B Majority means (i) the holders of at least a majority of the voting power of the outstanding Series B1 Preferred Shares, the Series B2 Preferred Shares and the Series B3 Preferred Shares (voting together as a single class and on an as converted basis) and Tencent (provided that Tencent holds a majority of the voting power of the outstanding Series B1 Preferred Shares and the Series B2 Preferred Shares (voting together as a single class and on an as converted basis)); or (ii) the holders of at least a majority of the voting power of the outstanding Series B1 Preferred Shares, the Series B2 Preferred Shares and the Series B3 Preferred Shares (voting together as a single class and on an as converted basis) provided that Tencent fails to hold a majority of the voting power of the outstanding Series B1 Preferred Shares and the Series B2 Preferred Shares (voting together as a single class and on an as converted basis).
Series B Majority means Shareholders holding in the aggregate not less than 50% of the outstanding Registrable Securities.

Examples of Series B Majority in a sentence

  • Reorganized Xxxxxxx and its subsidiaries shall not be permitted to enter into any consensual restriction on the ability of reorganized Xxxxxxx to make required payments on the Series B Preferred Stock without the prior written consent of the Series B Majority (except for customary restrictions in any agreement governing indebtedness).

  • Press ENTER from anywhere in the log sheet to move to the last blank log note row or click to select one of the last empty fields and start typing when you hear an event that requires a note.

  • The terms and provisions of this Agreement may not be modified or amended, or any of the provisions hereof waived, temporarily or permanently, except pursuant to a writing executed by a duly authorized representative of the Corporation and the Series B Majority Investors.

  • At any time prior to the QIPO, each of the Founder Parties shall not Transfer any Shares directly or indirectly owned by them without the prior written consent of the Series C-2 Majority, the Series C-1 Majority, the Series C Majority, the Series B Majority and the Series A Majority, other than any Transfer of Shares pursuant to the enforcement of the Founder Share Charge and the Holding Company Share Charge (each as defined in the Series C SSA).

  • In the event that (i) the Series B Majority shall have elected to convert all shares of Series B Stock or (ii) the Common Stock of the Corporation becomes listed for trading on a national securities exchange, then each share of Series B Stock shall be converted automatically into shares of Common Stock, at the then effective conversion rate.


More Definitions of Series B Majority

Series B Majority means the Series B Shareholder(s) holding at least 50% of the issued and outstanding Series B Shares.
Series B Majority means the holders of more than a majority of the then issued and outstanding Series B Preferred Shares, calculated on an as-converted basis;
Series B Majority means the Persons holding a majority of the Series B Preferred Shares.
Series B Majority means the holders of more than 65 per cent. Of Series B Shares from time to time; “Series B Majority Consent” means the prior written consent of the Series B Majority;
Series B Majority shall have the meaning ascribed to it in Section 7.1.1.
Series B Majority means the holders of not less than eighty per cent (80%) of the Series B Preferred Shares;
Series B Majority means the consent of the holders of a majority of the Series B Preferred Shares then in issue;