Minimum Beneficial Ownership Amount means an amount no less than fifteen percent (15%) of the outstanding principal amount of the Funding Loan.
Minimum Beneficial Ownership Amount means the greater of (a) $250,000; or(b) 15% of the outstanding principal amount of the Funding Loan.
Minimum Beneficial Ownership Amount means the greater of (a) $250,000; or(b) the full outstanding principal amount of the Funding Loan, if such principal amount is less than$250,000.
Examples of Minimum Beneficial Ownership Amount in a sentence
Notwithstanding the other provisions of this Section 2.5, no beneficial ownership interest in the Funding Note and Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount.
More Definitions of Minimum Beneficial Ownership Amount
Minimum Beneficial Ownership Amount means an amount no less than fifteen percent (15%) of the outstanding principal amount of the Governmental Lender Notes.
Minimum Beneficial Ownership Amount means the greater of (a) $250,000; or
Minimum Beneficial Ownership Amount means $250,000.
Minimum Beneficial Ownership Amount means an amount no less than fifteen percent (15%) of the outstanding principal amount of the Governmental Lender Note.
Minimum Beneficial Ownership Amount means an amount of no less than ten percent (10%) of the outstanding principal amount of the Funding Loan.
Minimum Beneficial Ownership Amount means $100,000. “Moody’s” shall mean Xxxxx’x Investors Service, Inc., or its successor.
Minimum Beneficial Ownership Amount means an amount not less than fifteen percent (15%) of the aggregate outstanding principal amount of the Funding Loan.