Minimum Holding Sample Clauses

Minimum Holding. Grantee agrees that any shares of Common Stock issued pursuant to this Agreement and pursuant to the 2023 Chapter 11 Emergence Grant Performance-Based Restricted Stock Unit Agreement issued to Grantee on or around the date of this Agreement (the “MIP Shares”) shall be subject to the holding requirement set forth in the table below. Until the holding requirement is met, Grantee shall refrain from disposing any of the MIP Shares. Any shares sold pursuant to Section 7 of this Agreement to satisfy tax withholding obligations shall be excluded from the calculation of the holding requirements under this Section 16. December 31, 2025 75% December 31, 2026 60% December 31, 2027 50% By: _________________________________ ▇▇▇▇▇▇ ▇▇ Chief Financial Officer The undersigned hereby consents and agrees that any taxes due on a vesting date as a result of the vesting of Restricted Stock Units (“RSUs") on such date shall be paid through an automatic sale of shares as follows: (a) Upon any vesting of RSUs pursuant to Section 3 hereof, the Company shall arrange for the sale of such number of shares of Common Stock issuable with respect to the RSUs that vest pursuant to Section 3 as is sufficient to generate net proceeds sufficient to satisfy the Company’s minimum statutory withholding obligations with respect to the income recognized by the Grantee upon the vesting of the RSUs (based on minimum statutory withholding rates for all tax purposes, including payroll and social security taxes, that are applicable to such income), and the net proceeds of such sale shall be delivered to the Company in satisfaction of such tax withholding obligations. (b) The Grantee hereby appoints the Chief Executive Officer, Chief Financial Officer, and the Executive Vice President, General Counsel and Secretary and any of them acting alone and with full power of substitution, to serve as his or her attorneys in fact to arrange for the sale of the Grantee’s Common Stock in accordance with this Schedule A. The Grantee agrees to execute and deliver such documents, instruments and certificates as may reasonably be required in connection with the sale of the shares pursuant to this Schedule A. (c) The Grantee represents to the Company that, as of the date hereof, (i) he or she is not aware of any material nonpublic information about the Company or the Common Stock and (ii) he or she is not prohibited from entering into these Automatic Sale Instructions under the Company’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy. The Gra...

Minimum Holding. 7.5 If compliance with a redemption notice would result in - TRUST LIQUID the Member holding Units having a value less than the then current minimum application amount, the Manager may treat the redemption notice as relating to the Member's entire holding of Units.

Minimum Holding. The Manager may in its discretion from time to time instruct the Trustee to redeem or sell any Units held by a Unit Holder without request by the Unit Holder, provided that the Units are Officially Quoted and the total number of Units held by the Unit Holder is less than a minimum parcel as provided in the Listing Rules. The Manager must give the Unit Holder not less than 6 weeks notice of its intention to cause the redemption or sale of the Units and the Manager may only so instruct the Trustee if the Manager has not received from the Unit Holder a written notice of objection and the Unit Holder has not increased his holding so that he holds at least a minimum parcel of Units. If a holding of Units is redeemed under this clause 7.5, the repurchase price is to be the price calculated under clause 8.10. The proceeds of the redemption or sale shall not be remitted until such time as the Manager is in receipt of the certificate (if issued) relating to the redeemed or sold Units.

Minimum Holding. An Investor holding a Note series in an account maintained with CIBC Wood Gundy may not sell such Note prior to maturity if any such sale should result in the Investor holding less than 500 Notes of such Note series, unless the Investor chooses to sell all Notes of the same Note series. Accounts maintained with dealers other than CIBC Wood Gundy may be subject to similar or different requirements.

Minimum Holding. Each of the Investors and the Company --------------- acknowledge and agree that Siemens Aktiengesellschaft ("Siemens") shall, in addition to any rights it may have under the Purchase Right but subject to the limitations set forth in Sections 3.2 and 3.3 below, be entitled to acquire from the Company, on the terms set forth in this Section 3, an amount of Equity Securities of the Company (the "Maintenance Right") which allows Siemens to continue to hold not less than ten percent (10%) of the Equity Securities of the Company (the "Minimum Holding"). In the event that the Company issues Equity Securities after the date of this Agreement which issuance results in Siemens' holding less than the Minimum Holding, then, provided that Siemens has exercised the Purchase Right provided for in Section 2 to the fullest extent allowed, the Company shall allow Siemens to purchase additional Series C Shares (or, in the event that the Company does not have sufficient authorized Series C Shares, an Equity Security with substantially similar rights, preferences and privileges to the Series C Shares) sufficient to allow it to maintain the Minimum Holding. The purchase price and other terms and conditions applicable to the purchase of Equity Securities to be acquired upon exercise of the Maintenance Right shall be no less favorable to the Company than the price and terms applicable to the sale of the Series C Shares pursuant to the Series C Agreement. In the event that the purchase price and other terms and conditions applicable to the issuance of Equity Securities which triggers the Maintenance Right are more favorable to the Company than those of the Series C Shares issued under the Series C Agreement, then the purchase price and other terms and conditions applicable to the purchase of Equity Securities to be acquired upon exercise of the Maintenance Right shall be equivalent to the terms applicable to the issuance of Equity Securities which triggers the Maintenance Right.

Minimum Holding. If, at any time, Solaris Member holds less than five percent (5%) of the outstanding Units, or for any reason is no longer a Member, Solaris Member will be deemed to have been removed as Managing Member immediately upon appointment of a replacement Managing Member by the Members. In connection with any removal and replacement, a Majority of the Class B Members (other than the Managing Member or any affiliate thereof which shall be recused) shall promptly designate a replacement Managing Member.

Minimum Holding. The Issuer may at any time give notice to any Holder holding less than the Minimum Number that such Holder’s holding is less than the Minimum Number and that, unless the Holder notifies the Issuer in writing within such reasonable period as is specified in the notice (being not less than three months) of such Holder's objection, the provisions of clause 21.6 shall apply.