Minimum Holding Sample Clauses

Minimum Holding. For so long as the Nominator Parties collectively beneficially own at least 10% of the issued and outstanding Shares, the Nominator Parties will collectively have the right to nominate and have appointed nominee Directors to the Board (each a Nominee Director) in accordance with this clause 3.
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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: _________________________________ Xxxxxx Xx 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 xxxxxxx xxxxxxx policy. The Gra...
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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.
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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.
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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.
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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.
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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.
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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.
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Related to Minimum Holding

  • Minimum Investment Prior to the Rent Commencement Date, Tenant, at Tenant’s sole cost and expense, shall refurbish, redecorate and modernize the interiors and exteriors of the Premises, and otherwise complete the initial improvements necessary and appropriate to commence operations in the Premises (the “Initial Improvements”), at a minimum cost of the Minimum Investment Amount or less than said amount provided Tenant complies with the Concessions Design Guidelines and receives Design Review Committee approval. As-Built drawings of fire sprinkler and fire alarm systems must be submitted to Building Inspection and Code Enforcement (“XXXX”) in AUTOCAD “.DWG” format within 30 days of issuance of a Temporary Certificate of Occupancy (TCO). Within ninety (90) days after substantial completion of the Initial Improvements, Tenant must provide to City an AUTOCAD file and an electronic PDF file in accordance with the requirements as specified in the Tenant Improvement Guide and an affidavit, signed under penalty of perjury by both Tenant and Tenant’s general contractor, architect or construction manager, stating the hard construction costs paid by Tenant to complete the Initial Improvements, together with copies of paid invoices and lien waivers substantiating the costs stated in the affidavit. Such “hard construction costs,” which must equal or exceed the Minimum Investment Amount, may include architectural and engineering fees, provided the credit for such costs against the Minimum Investment Amount shall not exceed fifteen percent (15%) of the Minimum Investment Amount. The minimum investment may not include financial costs, interest, inventory, pre-opening expenses, inter-company charges related to construction, business interruption, overhead, or debt service on any construction loan, or any charges paid by Tenant to an affiliate. If Director disputes the amount of investment claimed by Tenant, Director may, at City’s expense, hire an independent appraiser to determine the cost of the investment. If the independent appraiser determines that the investment is less than the Minimum Investment Amount, the deficiency, as well as City’s costs of hiring such independent appraiser, will be paid to City by Tenant within sixty (60) days of City’s written notice of the appraiser’s determination. At any time, upon three (3) business days’ notice, City or its representatives may audit all of Tenant’s books, records and source documents related to the hard construction costs paid by Tenant to complete the Initial Improvements. If the audit reveals that the hard construction costs paid by Tenant were less than those stated in Tenant’s affidavit, then Tenant must pay City for the costs incurred by City in connection with the audit plus any additional deficiency discovered between the hard construction costs paid by Tenant and the Minimum Investment Amount. City, at City’s sole discretion, may require that Tenant comply with the terms of a Tenant Work Letter setting forth additional terms relating to Tenant’s construction of the Initial Improvements, and Tenant hereby agrees to comply with any such Tenant Work Letter.

  • Minimum Purchase Broker-Dealer shall not sell fewer than $5,000 in Notes to any purchaser without the prior written consent of Issuer.

  • Shareholding 6.1 The Lead Member of such Preferred Bidder JV/consortium shall at all time during the License Period hold equity equivalent to …………..(as per clause 6.9.2) of the subscribed and paid up capital in the special purpose company incorporated by the parties to work as the contractor. Further, other consortium members whose technical/financial eligibility shall have been used for the purpose of qualification under this TENDER shall hold (as per clause

  • Minimum Purchase Requirements Distributor shall make the minimum annual purchase of Products established in Exhibit B, unless the Agreement has become coexclusive. In the period within the fixed term and extension, if applicable, of the Agreement under Section 10(a) subsequent to [ * ], the parties shall meet in San Francisco at least [ * ] prior to the beginning of each of respective year to discuss market conditions and appropriate minimum purchases for such year. In the event that the parties fail to agree on an appropriate minimum any year subsequent to [ * ], the minimum annual purchase requirement for such year shall be calculated increasing or decreasing (as the case may be) the minimum purchase requirement for the preceding year in proportion to the increase or decrease in the [ * ] (based on data from mutually acceptable data provider) of the applicable product in the Territory. In the event Supplier is unable to deliver Products ordered by Distributor in an amount consistent with the most recent forecast, then the minimum annual purchase requirement shall be reduced by the quantity of Products that Supplier is unable to deliver when requested. In the event Distributor fails in any year (a “Shortfall Year”) to make the annual minimum purchase of Agreement Products required by Exhibit B, Supplier shall have the right to give Distributor written notice of default, and if such failure to make the minimum purchase is not cured (through the purchase of an amount of Agreement Product equal to the entire shortfall in the Shortfall Year, which amount shall not be counted towards any minimum purchase requirements for the year of purchase) within [ * ] of receipt of the notice, then Supplier shall have the right, in Supplier’s sole discretion and as Supplier’s sole remedy for Distributor’s failure to meet the minimum purchase requirements hereunder, either to convert the appointment of Distributor from exclusive to non-exclusive or to terminate this Agreement. In the event of either conversion to non-exclusive or termination of this Agreement pursuant to this Section 3(e), the Supplier shall pay Distributor a conversion fee equal to [ * ], and Distributor shall transfer all Regulatory Approvals relating to BMS or DES in the Territory to Supplier.

  • Special Permit from Relevant Ministerial/ Government Agencies and Foreign Capital Ownership Limitation Raw Material for Explosives (Ammonium Nitrate) with maximum foreign equity ownership of 49% and a special permit from the Minister of Defense (ISIC 2411) Industry of explosive materials and its components for industry need with maximum foreign equity ownership of 49% and a special permit from the Minister of Defense (ISIC 2429) Sugar Industry (Xxxxx Xxxxxxx Sugar, Refined Crystal Sugar and Raw Crystal Sugar) with maximum foreign equity ownership of 95% and a special permit from the Minister of Industry and the Minister of Agriculture, and it has to be integrated with the sugar plantation. The manufacturing of raw crystal sugar is required for any sugar manufacturer with sugarcane input capacity exceeding 8000 tons per day (ISIC 1542) Processing of plantation product industry (similar capacity or exceeding a certain capacity, according to Regulation of Minister of Agriculture Number 26 of 2007 with maximum foreign capital ownership of 95% with a special permit from Minister of Agriculture. - Fiber and Seed Cotton Industry (ISIC1514, 1711) - Crude oil industry (edible oil) from vegetable and animal, coconut oil industry, palm oil industry, rubber to be sheet, thick latex, crumb rubber industry, raw castor oil industry, sugar, sugar cane and sugar cane residue industry, black tea/green tea industry, dry tobacco leaves industry, Copra, Fiber, Coconut Charcoal, Dust, Nata de coco industry, Coffee sorting, cleaning and peeling industry, Cocoa cleaning, peeling and drying industry, cleaning and peeling seed other than coffee and cacao industry, cashew to be dry seed cashew and Cashew Nut Shell Liquid (CNSL) Industry, Peppercorn to be dry white pepper and dry black pepper industry (ISIC 1514, 2429, 1542, 1549, 1600, 2519, 1531)

  • Minimum Net Worth The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $176,177,600 plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending September 30, 2000 (without deduction for losses) plus (iii) the amount of any addition to the consolidated shareholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity interests by the Borrower after the date of this Agreement.

  • Foreign Capital Ownership Limitation Coral breeding/cultivating with maximum foreign capital ownership of 49% Source of Measure: Law No. 27 of 2007 concerning Management of Coastal Areas and Small Islands Law No. 31 of 2004 as amended by Law No. 45 of 2009 Concerning Fishery Law No. 5 of 1983 Concerning Indonesia's Exclusive Economic Zone Presidential Regulation No.36 of 2010 Concerning The List of Businesses Closed and List of Businesses Opened With Reservation In The Investment Sector Regulation of the Minister of Marine Affairs and Fisheries of the Republic of Indonesia No. PER.O5/MEN/2008 as amended by No. PER.12/MEN/2009 regarding Capture Fishery Business. Regulation of the Minister of Marine Affairs and Fisheries of the Republic of Indonesia No. PER.12/MEN/2007 regarding Aquaculture Business Licensing Regulation of the Minister of Marine Affairs and Fisheries of the Republic of Indonesia No. PER.O5/MEN/2009 regarding Aquaculture Business Scale Decree of the Minister of Forestry of the Republic of Indonesia No. 447/Kpts-II/2003 regarding Procedures on Exploitation or Capturing and Distribution of Wild Plants and Animals Government Policy

  • Acquisition of Significant Share Ownership There is filed, or is required to be filed, a report on Schedule 13D or another form or schedule (other than Schedule 13G) required under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended, if the schedule discloses that the filing person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s voting securities, but this clause (ii) shall not apply to beneficial ownership of Company voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities;

  • Minimum Book Net Worth The Borrower will maintain its Book Net Worth, determined as of the end of each Accounting Period ending on or about the dates listed below, of not less than the amount set forth opposite such date: DATE MINIMUM BOOK NET WORTH ---------- ---------------------- 3/31/2001 $13,000,000 4/30/2001 $12,800,000 5/31/2001 $12,625,000 6/30/2001 $12,425,000 7/31/2001 $11,950,000 8/31/2001 $11,825,000 9/30/2001 $11,925,000 10/31/2001 $12,125,000 11/30/2001 $13,500,000 12/31/2001 $14,200,000

  • Voting Rights as a Stockholder Subject to the terms of the Insider Letter described in Section 4.4 hereof and except as herein provided, the Initial Stockholders shall retain all of their rights as stockholders of the Company during the Escrow Period, including, without limitation, the right to vote such shares.

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