Examples of Supermajority Preferred Holders in a sentence
The Supermajority Preferred Holders shall have the right to require the Corporation to redeem all (but not less than all) of the outstanding shares of Series A Preferred Stock on the third, fourth or fifth anniversary of the Closing Date.
The method of valuation of securities subject to investment letter or other restrictions on free marketability (other than restrictions arising solely by virtue of a stockholder's status as an affiliate or former affiliate) shall be to make an appropriate discount from the market value determined as above in (b) (ii) (A) (1), (2) and (3) to reflect the approximate fair market value thereof, as mutually determined by the Board, the Supermajority Preferred Holders and the Majority Common Holders.
If the Supermajority Preferred Holders do not elect to require the redemption of all outstanding shares of Series A Preferred Stock during the redemption election periods described in this Section 6(a), then the Corporation shall have no further obligation under this Section 6(a) to redeem any shares of Series A Preferred Stock, and any right of redemption contained in this Section 6(a) shall be deemed to have expired and thereafter be null and void.
Companies Requiring Approval of the Supermajority Preferred Holders and the Didi Principal Holding Company.
The Company shall institute and keep in place such arrangements as are reasonably satisfactory to the Supermajority Preferred Holders such that the Company (i) will at all times control the operations of each other Group Company, and (ii) will at all times be permitted to properly consolidate the financial results for each other Group Company in the consolidated financial statements for the Company prepared under the Accounting Standards.
The method of valuation of securities subject to investment letter or other restrictions on free marketability (other than restrictions arising solely by virtue of a stockholder's status as an affiliate or former affiliate) shall be to make an appropriate discount from the market value determined as above in (c) (ii) (A) (1), (2) and (3) to reflect the approximate fair market value thereof, as mutually determined by the Board, the Supermajority Preferred Holders and the Majority Common Holders.
Acts of WFOE Requiring Approval of Supermajority Preferred Holders.
If any of the Control Documents becomes illegal, void or unenforceable under PRC Law after the Effective Date, the Parties (other than the Investors) shall devise a feasible alternative legal structure reasonably satisfactory to the Supermajority Preferred Holders which gives effect to the intentions of the parties in each Control Document and the economic arrangement thereunder as soon as practicable.
The Parties hereby agree that such future holders may become parties to this Agreement by executing an instrument of accession to this Agreement in a standard and customary form reasonably satisfactory to the Supermajority Preferred Holders, without any amendment to this Agreement, pursuant to this Section 12.6.
If any of the Control Documents becomes illegal, void or unenforceable under PRC Laws after the date hereof, the Parties (other than the Investors) shall devise a feasible alternative legal structure reasonably satisfactory to the Supermajority Preferred Holders which gives effect to the intentions of the parties in each Control Document and the economic arrangement thereunder as closely as possible.