Minimum Shareholdings Sample Clauses
Minimum Shareholdings. If, other than in consequence of a division of family property in matrimonial proceedings or following a voluntary or involuntary departure from management of or employment by the Borrower (including directorship), ▇▇▇▇▇ ▇▇▇▇ or ▇▇▇▇▇ ▇▇▇▇▇ individually or ▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇ collectively, in each case counting disclosed Shares held by their Executive Related Parties, if any, fails to hold at least 50% of the Shares of the Company such Person holds as of the date hereof (as adjusted for any reorganization, consolidation, merger , plan, arrangement, stock dividend or distribution or subdivision or consolidation).
Minimum Shareholdings. Cause or permit its direct or indirect economic and voting interest and shareholdings in Hylsamex to fall below the percentage acquired in the Acquisition or in Siderar to fall below 50% or in Ylopa or Amazonia to fall below 60%, provided, that if the Tenaris Letter is received, the minimum economic and voting interest and shareholdings requirement with regard to Amazonia and Ylopa shall be reduced to 39% from the Borrowing Date until the earlier of (i) the 6-month Anniversary of the Borrowing Date and (ii) the date Tenaris transfers its holdings in Amazonia and Ylopa to the Borrower.