Maximum Ownership Percentage definition

Maximum Ownership Percentage has the meaning set forth in Section 4.3 hereof.

Maximum Ownership Percentage means, calculated at a particular point in time, a Total Ownership Percentage of 49.0%; provided that in the event of a Permitted Acquisition which results in the Shareholder Group’s Total Ownership Percentage exceeding 49.0%, so long as the Shareholder Group’s Total Ownership Percentage exceeds 49.0% due to such Permitted Acquisition, the Maximum Ownership Percentage shall become the Shareholder Group’s Total Ownership Percentage giving effect to such Permitted Acquisition.

Maximum Ownership Percentage means, calculated at a particular point in time, a Total Ownership Percentage of 45.0%, less the Voting Power represented by all Voting Securities Transferred by the Shareholder Group during the term of this Agreement (including the Voting Power represented by any shares of Convertible Preferred Stock which were converted into shares of Common Stock contemporaneously with such Transfer pursuant to the terms of this Agreement).

Examples of Maximum Ownership Percentage in a sentence

• The Holder hereby represents that, after giving effect to the exercise provided for in this Exercise Notice, the Holder Group will not beneficially own a number of shares of Common Stock which exceeds the Holder’s Maximum Ownership Percentage of the total outstanding shares of Common Stock as determined pursuant to the provisions of the Warrant.

• For purposes of the Maximum Ownership Percentage, all Units held by an Affiliate and/or Related Party of a Class A Member shall be deemed to be owned and held by such Class A Member.

• In addition, in the case of any Dilutive Issuance in connection with any acquisition or other business combination transaction, by merger or otherwise, by the Company, the Company shall be required to provide the Shareholder with a Dilutive Issuance Right only to the extent of restoring the Shareholder Group's Total Ownership Percentage to the Adjusted Maximum Ownership Percentage.

• By written notice to the Company, each holder may increase or decrease the Maximum Ownership Percentage to any other percentage (not in excess of 19.99% for the majority of such warrants).

• During the term of this Agreement, if the Shareholder Group’s Total Ownership Percentage is below the Maximum Ownership Percentage, the Shareholder Group may at its option purchase Voting Securities from time to time in the open market or otherwise in an amount not in excess of the amount that would cause the Shareholder Group’s Total Ownership Percentage to exceed the Maximum Ownership.

More Definitions of Maximum Ownership Percentage

Maximum Ownership Percentage means, calculated at a particular point in time, a Total Ownership Percentage of 45%, less the voting power represented by all Voting Securities transferred by the Shareholder Group during the term of the Shareholder Agreement (including the Voting Power (as defined under "The Shareholder Agreement") represented by any shares of Convertible Preferred Stock which were converted into shares of New ONEOK Common Stock contemporaneously with such transfer pursuant to the terms of the Shareholder Agreement).

Maximum Ownership Percentage means, calculated at a particular point in time, a Total Ownership Percentage equal to the Total Ownership Percentage at the time of the Closing.

Maximum Ownership Percentage means the percentage specified by a Purchaser in the Securities Purchase Agreement, or otherwise specified by a holder of any Notes, Preferred Shares or Warrants in accordance with the terms of such securities, as the Maximum Ownership Percentage for such Purchaser or holder under any Beneficial Ownership Limitation contained in any of the Transaction Documents. The Maximum Ownership Percentage shall be 9.9% if not otherwise so specified.

Maximum Ownership Percentage means, calculated at a particular point in time, a Total Ownership Percentage of __% [(the "Shareholder Group's Closing Ownership Percentage", which shall mean the Shareholder Group's Total Ownership Percentage calculated as of Closing on a fully diluted basis assuming conversion of all options (including, but not limited to options to acquire shares of PAS stock Beneficially Owned by members of the Shareholder Group) and purchases to be made at Closing (including the right of Dakota Holdings to purchase Subscription Shares pursuant to Section 4.7 of the Merger Agreement and the right of Dakota Holdings to acquire Common Stock with a value of $25 million from the PepsiCo Group)]; PROVIDED that in the event of a Permitted Acquisition (including any Contingent Payment Acquisition) which results in the Shareholder Group's Total Ownership Percentage exceeding __% [the Shareholder Group's Closing Ownership Percentage], so long as the Shareholder Group's Total Ownership Percentage exceeds __% [Shareholder Group's Closing Ownership Percentage] due to such Permitted Acquisition, the Maximum Ownership Percentage shall become the Shareholder Group's Total Ownership Percentage giving effect to such Permitted Acquisition.

Maximum Ownership Percentage means 15%.

Maximum Ownership Percentage means, with respect to the Shareholders at any time prior to the expiration of the Standstill Period, Voting Power of 50%; provided, that (i) from and after any and each Transfer of Common Stock by any Shareholder (other than as permitted by Section 4.1(b)), the Maximum Ownership Percentage shall be reduced to the Shareholders’ Voting Power, as calculated pursuant to Section 7.1(p), immediately following such Transfer, assuming that the Shareholders had exercised all of their preemptive rights that have been granted and have not expired and (ii) from and after any and each reduction in the outstanding number of shares of Common Stock (including as a result of any forfeiture of any restricted Common Stock or any share repurchase by the Company), the Maximum Ownership Percentage shall be increased to the percentage of the Voting Power held by the Shareholders immediately following such reduction but, in any event, not to exceed a Voting Power of 50% at any time prior to the expiration of the Standstill Period.

Maximum Ownership Percentage means 34.9%.