Series B Preferred Majority definition

Series B Preferred Majority means the holder(s) of more than fifty (50%) of the issued and outstanding Series B Preferred Shares.

Series B Preferred Majority means the holder(s) of more than fifty percent (50%) of the issued and outstanding Series B Preferred Shares.

Series B Preferred Majority means the holder(s) of at least fifty point zero zero percent (50.00%) of the voting power of the issued and outstanding Series B Preferred Shares (voting together as a single class and on an as-converted basis).

Examples of Series B Preferred Majority in a sentence

• For so long as the Investor has the right to appoint a director pursuant to this paragraph 14(a), the Series B Preferred Director shall be appointed by Series B Preferred Majority Approval and such appointment shall take effect on such Series B Preferred Majority Approval having been served upon the Company.

• The Tax Matters Member shall not settle or compromise any such audit or proceeding without the prior express written consent of the Series B Preferred Majority (not to be unreasonably withheld, conditioned or delayed).

• A Shareholders requisition is a requisition of Shareholders of the Company holding at the date of deposit of the requisition not less than, any of (i) the Ordinary Majority, (ii) the Series Angel Preferred Majority, (iii) the Series A Preferred Majority, (iv) the Series A+ Preferred Majority, (v) the Series A++ Preferred Majority, or (vi) the Series B Preferred Majority.

• For so long as Series B Preferred Shares are outstanding, the Series B Preferred Director may be removed by Series B Preferred Majority Approval and, for so long as the appointment rights in paragraph 14(a) and (b) apply, have the right to appoint another person(s) in his or her place.

• Written notice shall be given not less than ten (10) days nor more than sixty (60) days before the date of any general meeting unless such notice is waived either before, at or after such meeting by (i) the Ordinary Majority, (ii) the Series Angel Preferred Majority, (iii) the Series A Preferred Majority, (iv) the Series A+ Preferred Majority, (v) the Series A++ Preferred Majority, and (vi) the Series B Preferred Majority.

• Except to the extent otherwise provided in this Certificate or required by the DGCL, the Series B Preferred Majority may, via affirmative vote or written consent in lieu thereof, waive any rights of the holders of the Series B Convertible Preferred Stock set forth in this Certificate.

• The Corporation shall give ten (10) days prior Written Notice of any transaction described in this Section 7 for which consent of the Series B Preferred Majority is required; provided that any such ten (10) day period may be shortened or waived upon the written consent of the Series B Preferred Majority.

• Unless otherwise waived in accordance with the provisions of this Certificate, the Corporation shall not, without the written consent of a Series B Preferred Majority, authorize or issue any shares of capital stock of the Corporation which would be senior or superior to or rank on parity with the Series B Convertible Preferred Stock as to liquidation preferences, or create any obligation or security convertible into or exercisable or exchangeable for, or having rights to purchase, any such capital stock.

• The failure of a Series B Preferred Majority to object in writing to the Corporation to such action within five (5) days of the date of such notice shall constitute the written consent of such action by a Series B Preferred Majority under this Section 7.

More Definitions of Series B Preferred Majority

Series B Preferred Majority means, as of any date of determination, the holders of more than fifty percent (50%), in the aggregate, of the then outstanding shares of Series B Convertible Preferred Stock.