Venture Deals · glossary
The holders of more than half of the Series A and Series B shares together, counted on the register. Their consent is needed for most consent matters. After the Series A, Meridian was the Investor Majority on its own. Definition of Investor Majority · Chapter 11
Explained in Chapter 11, Control: the Board, Consent Matters and Information Rights, of Venture Deals.
Schedule 5 lists the consent matters: twenty-two things the company may not do without the investors' agreement. Part A has eighteen matters, which need the consent of the Investor Majority. That means the holders of more than half of the Series A and Series B shares together. Part B has four matters, which need the consent of any one Investor Director.Read Chapter 11, Control: the Board, Consent Matters and Information Rights →
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(amended on the Restatement Date) the holders for the time being of more than 50% in number of the Series B Shares and the Series A Shares taken together; and for the avoidance of doubt that test is applied to the shares actually in issue and entered in the register of members, and not on a Fully Diluted basis;Read the definition in the document →
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Venture Deals → · All terms A–Z →