Minimum Seller Share Clause Samples
The Minimum Seller Share clause establishes the lowest percentage of ownership or interest in an asset or entity that the seller must retain after a transaction. In practice, this clause may require the seller to keep a specified minimum stake, such as 10%, in a company following a sale or investment round, thereby preventing the seller from fully divesting their interest. Its core function is to ensure the seller maintains a vested interest in the ongoing success of the asset or business, aligning incentives and providing reassurance to buyers or investors that the seller remains committed.
Minimum Seller Share. 8 10. Allocation and Distribution of Revenue Receipts..........................10 11.
Minimum Seller Share. On each Relevant Trust Calculation Date, the Trust Property Cash Manager shall recalculate the Minimum Seller Share in accordance with the following formula: X + Y where X = 0.15% of the aggregate Current Balance of Mortgage Loans in the Trust Property as at the last day of the immediately preceding Trust Calculation Period; and Y = the product of: p and q where: p = 24%; q = the “flexible cash Borrow-back capacity”, being an amount equal to the difference between (1) the maximum amount of Cash Borrow- backs that Borrowers may make under Mortgage Loans included in the Trust Property (whether or not drawn) as at the last day of the immediately preceding Trust Calculation Period and (2) the aggregate current balance of Cash Borrow-backs on Mortgage Loans included in the Trust Property as at the last day of the immediately preceding Trust Calculation Period.
Minimum Seller Share