Common Ownership Percentage definition

Common Ownership Percentage means, with respect to any party hereto at any time, the quotient, expressed as a percentage, of (i) the total number of Common Shares Beneficially Owned by such party (assuming the exercise, conversion or exchange of all outstanding In-the-Money options and other convertible, exercisable or exchangeable Company Securities Beneficially Owned by such party but not by any other Person), divided by (ii) the total number of Common Shares (assuming the exercise, conversion or exchange of all outstanding In-the-Money options and other convertible, exercisable or exchangeable Company Securities Beneficially Owned by such party but not by any other Person).
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Common Ownership Percentage means the percentage calculated as follows: (x)
Sample 1
Common Ownership Percentage means, with respect to any Stockholder as of a specified date, the percentage determined by dividing (i) the aggregate number of Shares held, directly or indirectly, by such Stockholder (together with any Affiliates of such Stockholder) as of such date, by (ii) the aggregate number of (A) Shares held, directly or indirectly, by such Stockholder (together with any Affiliates of such Stockholder) as of such date plus (B) Shares held, directly or indirectly, by the other Stockholder (together with any Affiliates of such Stockholder) as of such date.
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Examples of Common Ownership Percentage in a sentence

  • In the event that a Financing is not consummated prior to the Maturity Date, then at Lender’s option (exercisable in Lender’s sole and absolute discretion), the outstanding principal balance and all accrued and unpaid interest under this Note shall be converted into a number of shares of Common Stock of the Borrower such that, immediately after such issuance, the number of shares of Common Stock so issued to the Lender, calculated on a fully diluted basis, equals the Common Ownership Percentage.

  • This Section 2.8 shall terminate upon the first date that the Stockholders no longer have a Common Ownership Percentage of at least 5%.

  • Once the number of Stockholder Board Observers has been reduced as a result in a reduction to the number of Stockholder Nominees, it will not subsequently be increased even if the Stockholders acquire Beneficial Ownership of additional Common Stock such that the number of Stockholder Nominees then serving on the Board is less than the number of Stockholder Nominees set forth opposite the Stockholder Nominee Ownership Threshold which represents the Stockholders’ Common Ownership Percentage at such time.

  • At such time the Sxxxx Family Stockholders no longer have a Common Ownership Percentage of at least 5%, at the request of the Company each FIBK Foundation Designee shall, and the Stockholders shall cause any such FIBK Foundation Designee to, promptly resign from the FIBK Foundation Board.

  • Notwithstanding anything in this Agreement to the contrary, the Stockholders shall no longer have a right to designate any FIBK Foundation Designees, and the rights under this Section 2.3 shall terminate, upon the first date that the Sxxxx Family Stockholders no longer have a Common Ownership Percentage of at least 5%.

  • Once the number of Stockholder Nominees has been reduced, it will not subsequently be increased even if the Stockholders acquire Beneficial Ownership of additional Common Stock such that the number of Stockholder Nominees then serving on the Board is less than the number of Stockholder Nominees set forth opposite the Stockholder Nominee Ownership Threshold which represents the Stockholders’ Common Ownership Percentage at such time.

  • Once the number of TD Directors has been reduced, it will not subsequently be increased even if the Stockholder acquires Beneficial Ownership of additional Company Securities such that the number of TD Directors then serving on the Board is less than the number of TD Directors set forth opposite the Ownership Level which represents the Stockholder’s Common Ownership Percentage at such time.

  • Except for this ‎Section 6.03, and Sections‎Section 3.02(b) (but only for one year), ‎5.01, ‎6.06, ‎6.07, ‎6.09 (to the extent relating to any provisions that survive termination) and ‎6.11, this Agreement shall terminate in its entirety upon the Stockholder ceasing to have a Common Ownership Percentage of 5% or greater or, if earlier, upon the written agreement of the Company and the Stockholder.

  • In the event that a Financing is not consummated prior to the Maturity Date, then at Lender's option (exercisable in Lender's sole and absolute discretion), the outstanding principal balance and all accrued and unpaid interest under this Note shall be converted into a number of shares of Common Stock of the Borrower such that, immediately after such issuance, the number of shares of Common Stock so issued to the Lender, calculated on a fully diluted basis, equals the Common Ownership Percentage.

  • Common Ownership Percentage 129 Article 6 Tax Matters Section 6.01 .


More Definitions of Common Ownership Percentage

Common Ownership Percentage for each Member shall be determined as of a point in time by dividing the number of Units held by such Member as of such time by the sum of all outstanding Units (Class A and Class B) held by all of the Members at such time. The sum of the Members’ Common Ownership Percentages at all times shall be one hundred percent (100%).
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Related to Common Ownership Percentage

  • Common ownership means that more than 50% of the voting control of each member of a combined group is directly or indirectly owned by a common owner or owners, either corporate or non-corporate, whether or not the owner or owners are members of the combined group. Whether voting control is indirectly owned shall be determined in accordance with section 318 of the federal Internal Revenue Code, 26 U.S.C. s.318.

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).