Acquired Percentage definition
Examples of Acquired Percentage in a sentence
If the Parent so elects, on the Specified Redemption Date the Tendering Party shall sell such number of the Tendered Units to the Parent in exchange for a number of Class A Common Shares equal to the product of the Class A Common Shares Amount and the Acquired Percentage.
Subject to Clause 5.4 5.6 in the event of the repair, rebuilding or reinstatement of the Property being frustrated by any reason beyond the control of the Landlord the Leaseholder will surrender to the Landlord this Lease in consideration of the Landlord paying to the Leaseholder a sum equal to the Acquired Percentage of any insurance monies received by the Landlord in respect of the Property.
With each contribution made towards the Ownership Increase Amount under a Cash Call Notice, Stillwater shall fully earn a proportional increment of the Acquired Percentage (which increments shall be calculated as follows: Amount of payment by Stillwater towards Estimated CapEx Costs pursuant to a Cash Call, divided by the Ownership Increase Amount multiplied by the Acquired Percentage, multiplied by 100%).
A number of Class A Common Shares equal to the product of the Acquired Percentage and the Class A Common Shares Amount, if applicable, shall be delivered by the Parent as duly authorized, validly issued, fully paid and non-assessable Class A Common Shares and, if applicable, Rights, free of any pledge, lien, encumbrance or restriction, other than any restrictions provided in the Parent LLC Agreement, the Securities Act and relevant state securities or “blue sky” laws.
Disposals of the Premises when the Acquired Percentage is more than 80% If at any time when the Acquired Percentage is more than 80% the Leaseholder wishes to assign the whole of the Premises he must first serve written notice (“Initial Notice”) on the Landlord offering a surrender of the Term.