Series B Majority definition

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).

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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 Shareholders holding in the aggregate not less than 50% of the outstanding Registrable Securities.

Examples of Series B Majority in a sentence

Reorganized ▇▇▇▇▇▇▇ and its subsidiaries shall not be permitted to enter into any consensual restriction on the ability of reorganized ▇▇▇▇▇▇▇ 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).
Subject to Section 2.7, a Series B Majority shall have the right to make up to two separate requests in writing that the Company effect the registration of all or a part of the Registrable Securities held by those Shareholders, each such request to specify the registration form to be used and the intended method or methods of disposition of the Registrable Securities.
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.
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.
On any Demand Registration, a Series B Majority will have the right to select the investment banker(s) and manager(s) to administer the offering, subject to the Company's approval which will not be unreasonably withheld or delayed.

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 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 means the Persons holding a majority of the Series B Preferred 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 holders of not less than eighty per cent (80%) of the Series B Preferred Shares;

Series B Majority shall have the meaning ascribed to it in Section 7.1.1.

Series B Majority means Series B Holders that own more than 50% of the outstanding Series B Shares.