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).

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• 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;