Examples of Series B Preferred Majority in a sentence
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).
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.
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.
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.