Minimum Hold Condition definition

Minimum Hold Condition has the meaning set forth in the Company's Certificate of Incorporation.
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Minimum Hold Condition means, at any time, the state of affairs where (i) the number of outstanding shares of Multi-Vote Common Stock is at least 15.33% of the total number of shares of Common Stock issued on the Effective Date and (ii) the number of outstanding shares of Multi-Vote Common Stock is at least 10% of the aggregate number of shares of Common Stock then outstanding. The Minimum Hold Condition is not met if, at any time, the requirements of clause (i) or of clause (ii) of the immediately preceding sentence is not satisfied.
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Minimum Hold Condition means that either (a) at least 25.0% of the Shares issued on the Closing Date remain outstanding or (b) less than 25.0% of the Shares issued on the Closing Date remain outstanding as a result of one or more redemptions pursuant to Section 6(a) of the Second Amended and Restated Series A Certificate of Designation.
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Examples of Minimum Hold Condition in a sentence

  • Until such time as the Minimum Hold Condition is no longer satisfied, there shall be a Class 3 Directors Committee.

  • If the Minimum Hold Condition ceases to be satisfied, the Preferred Majority Holder shall remove, or cause the removal of, each Manager and Observer appointed or designated, as applicable, by the Preferred Majority Holder.

  • So long as the Minimum Hold Condition is satisfied, the Preferred Majority Holder shall have the right to designate up to two Observers that are Qualified Representatives, or, if a Manager designated or appointed by the Preferred Majority Holder is then serving on the Board of Managers, up to one Observer that is a Qualified Representative.

  • So long as the Minimum Hold Condition is satisfied, the Preferred Majority Holder shall have the right to appoint (or cause the appointment of) up to one Manager to the Board of Managers that is a Qualified Representative.

  • At such time as the Minimum Hold Condition shall no longer be satisfied, none of the directors shall be designated as Class 1 Directors, Class 2 Directors or Class 3 Directors.

  • Once the Minimum Hold Condition is no longer satisfied, whenever a director is to be elected by the stockholders, such director shall be elected by the vote of the stockholders otherwise provided by law and the certificate of incorporation and bylaws of the Corporation.

  • The Registration Rights Agreement shall also provide the Equity Investor and any other holder of the MVS Securities with demand and piggy-back registration rights with respect to the shares of New Common Stock issued or issuable upon conversion of MVS Securities for so long as the Minimum Hold Condition is met.

  • So long as the Minimum Hold Condition is satisfied, the provisions of this section shall not apply to the nomination by any holder(s) of Class B Common Stock or Class B Special Voting Stock of any candidate for election as director; any such nominations shall be governed by clause (a) or (b) of Section 5 of this Article II.

  • Until the Minimum Hold Condition is no longer met, the holders of the MVS Securities shall be entitled to cast a number of votes equal to the aggregate number of shares of New Common Stock outstanding at the time of any vote.

  • I think we are the poster children for the buy-and-hold strategy for the assets that we … own.” 53 Emera’s position on this issue basically reflects a “different philosophy” than Algonquin’s, he testified, and would wrongly be construed to mean anything else.54 DRA links its concern about the Emera Minimum Hold Condition to a second proposal, termed the Internal Transfer Approval.


More Definitions of Minimum Hold Condition

Minimum Hold Condition means, at any time, the state of affairs where the aggregate of the numbers of outstanding shares of Class B Common Stock and LP Exchangeable Units is at least 10% of the aggregate of the numbers of shares of Common Stock and LP Exchangeable Units then outstanding. The Minimum Hold Condition is not satisfied if, at any time, the foregoing requirement is not satisfied.
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Minimum Hold Condition means, at any time, the state of affairs where the number of outstanding shares of Class B Common Stock plus the number of outstanding LP Exchangeable Units (other than those LP Exchangeable Units owned by the Corporation or its Subsidiaries) is at least 10% of the aggregate number of shares of Common Stock and LP Exchangeable Units then outstanding (other than those LP Exchangeable Units owned by the Corporation or its Subsidiaries). The Minimum Hold Condition is not satisfied if, at any time, the foregoing requirement is not satisfied.
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Minimum Hold Condition means the conditions under which neither of the following is true: (i) the number of outstanding MVS Securities is less than 15.33% of the total number of MVS Securities and shares of New Common Stock issued on the Effective Date or (ii) the number of outstanding MVS Securities is less than 10% of the aggregate number of MVS Securities and shares of New Common Stock then outstanding.
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Minimum Hold Condition means the following: at any time, (i) the number of outstanding shares of Multi-Vote Common Stock is at least 15.33% of the total number of shares of Multi-Vote Common Stock and shares of Ordinary Common Stock issued on the Effective Date and (ii) the number of outstanding shares of Multi-Vote Common Stock at such time is at least 10% of the aggregate number of shares of Multi-Vote Common Stock and shares of Ordinary Common Stock then outstanding. The Minimum Hold Condition is not met if, at any time, the condition described in clause (i) or clause (ii) of the immediately preceding sentence is not satisfied.
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Related to Minimum Hold Condition

  • Minimum Condition has the meaning set forth in Annex I.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Preexisting condition exclusion means, with respect to coverage, a limitation or exclusion of

  • Maximum Tender Condition has the meaning specified in Section 2.17(b).

  • Minimum Holding means the minimum number or value of Shares which must be held by Shareholders as specified in the relevant Supplement.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Business Condition means the financial condition, business, assets, liabilities and operations of a Person.

  • Preexisting condition means any medical condition,

  • Qualifying condition means a condition described in Section 26-61a-104.

  • Offer Conditions has the meaning set forth in Section 1.01(b).

  • Failed Remarketing Condition—Unpurchased VRDP Shares means that a Beneficial Owner (other than the Liquidity Provider or its affiliates) continues to hold VRDP Shares, that were subject to a valid Tender, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) ("Unpurchased VRDP Shares"), until such time as all Outstanding Unpurchased VRDP Shares are (i) successfully Remarketed, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully Remarketed or purchased by the Liquidity Provider pursuant to the Purchase Obligation, the subject of a validly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events (i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.

  • Holding Period means, with respect to a Hold-the-Offering-Price Maturity, the period starting on the Sale Date and ending on the earlier of (i) the close of the fifth business day after the Sale Date ( ), or (ii) the date on which the Underwriter has sold at least 10% of such Hold-the-Offering-Price Maturity to the Public at prices that are no higher than the Initial Offering Price for such Hold-the-Offering-Price Maturity.

  • Rating Condition has the meaning specified in Section 2.06(c)(ii).

  • Extension Conditions Defined in Section 3.06(a).

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Change in condition means a change in physical condition of the employee as well as any change

  • Nonconforming zoning condition means a physical improvement on a property that does not conform with current zoning standards.

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • Restriction Notice has the meaning set forth in Section 8.04(f) hereof.

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.