Series C Majority definition

Series C Majority means the Series C Shareholder(s) holding at least 50% of the issued and outstanding Series C Shares.

Series C Majority means the holders of a majority in number of Series C Shares from time to time; “Series C Majority Consent” means the prior written consent of the Series C Majority;

Series C Majority means the holders of more than a majority of the then issued and outstanding Series C Preferred Shares, calculated on an as-converted basis;

Examples of Series C Majority in a sentence

• At such time as a Series C Majority delivers a Clawback Exercise Notice to ManagerCo, the Series C Majority shall also deliver a copy of such notice to the Company and to each other Holder.

• The Series C Majority exercising the Clawback Rights hereunder shall have a right to seek reimbursement from each other Holder for a pro rata portion of the Clawback Price paid by the Series C Majority to ManagerCo, determined according to the respective number of Ordinary Shares held by the Holders (assuming the exercise, conversion or exchange of any Ordinary Share Equivalents) at the date of the Clawback Exercise Notice.

• 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).

• The Clawback Right granted under this Section may be exercised by a Series C Majority delivering written notice (a "CLAWBACK EXERCISE NOTICE") to ManagerCo, together with a certified check or bank cashier's check for not less than the Clawback Price, not later than the date one (1) year after the first date that ManagerCo shall give written notice to each Holder of the occurrence of an Event of Default.

• Unless otherwise approved by the Series C-2 Majority, the Series C-1 Majority, the Series C Majority, the Series B Majority and the Series A Majority, any new shareholder of the Company who is not already a Party to these Articles shall, not later than the time that it becomes a shareholder of the Company, agree in writing that it adheres to, and will be bound by, the terms of these Articles as a Party to these Articles.

More Definitions of Series C Majority

Series C Majority means the holders of a majority in number of Series C Shares from time to time;

Series C Majority means the holders of a majority of the Series C Preferred Shares;

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

Series C Majority means the holders in the aggregate of a majority of the then outstanding shares of Series C Preferred Stock, voting together as a separate class.

Series C Majority means, for any given time, Holders representing a majority in voting power of the Series C Shares then held by all Holders. "SERIES C SHARES" means the Series C Convertible preferred shares, par value US$0.01 per share. "SERIES C QPO" means an IPO by the Company on a Qualified Exchange (or such other exchange as shall be approved in writing by the holders of a majority in voting power of the Series C Shares) of Ordinary Shares representing at least 25% of the fully-diluted share capital of the Company immediately following the offering, at a price per share that values the Company at no less than US$335,000,000 immediately prior to the offering. "SHAREHOLDER AGREEMENT" means that certain Amended and Restated Shareholders Agreement, dated of even date herewith, among the Company, ManagerCo and the additional parties named therein.

Series C Majority means (i) the holders of at least a majority of the voting power of the outstanding Series C1 Preferred Shares (voting together as a single class and on an as converted basis) before the Series C2 Closing, or (ii) the holder of at least a majority of the voting power of the outstanding Series C Preferred Shares (voting together as a single class and on an as converted basis) if the Series C2 Closing has been fully consummated.

Series C Majority means (a) for so long as no single Series C Preferred Shareholder (or group of Affiliated Series C Preferred Shareholders) holds more than 50% of the Series C Preferred Shares, a vote by the holders of at least 60% of the Series C Preferred Shares; provided, however, that if a single Series C Preferred Shareholder (or group of Affiliated Series C Preferred Shareholders) holds more than 40% (but less than 50%) of the Series C Preferred Shares, the vote of all other Series C Preferred Shareholders in favor of any action shall be deemed approval of the Series C Majority with respect to such action and (b) for so long as any single Series C Preferred Shareholder (or group of Affiliated Series C Preferred Shareholders) holds more than 50% of the Series C Preferred Shares, a vote by the holders of the simple majority (more than 50%) of the Series C Preferred Shares (in each case, calculated on the basis of all Series C Preferred Shares issued and outstanding at that time and not per capita).