Minimum Holding Condition definition

Minimum Holding Condition is defined in Section 6.1.1.
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Minimum Holding Condition is defined in Section 2.1(b).
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Minimum Holding Condition means the conditions that (i) the Investor Group should collectively continue to hold at least 72,00,000 Equity Shares (adjusted for any consolidation or reduction of capital) and (ii) the Equity Shares collectively held by the Investor Group should represent at least 5% of the then voting Equity Share capital of the Company.
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Examples of Minimum Holding Condition in a sentence

  • The Investors’ board designation right pursuant to this Section 6 shall terminate and be of no further force and effect upon the first time the Investors cease to satisfy the Minimum Holding Condition and shall not be reinstated under any circumstances.

  • If at any time, the Minimum Holding Condition (as defined below) ceases to be satisfied, and upon the written request of the Company, then the Ribbon Director shall tender his or her resignation to the Board of Directors for the Board of Director’s consideration within ten (10) Business Days of receiving such written request from the Company.

  • The Nominee designated to serve on the Compensation Committee shall have the right under this Agreement to serve on such committee until the earliest of: (a) the Minimum Holding Condition ceasing to be satisfied, (b) such Nominee’s death, disability, disqualification, resignation or removal and (c) the Company’s first annual election of directors.

  • As long as the Minimum Holding Condition is satisfied by the Investor, no action relating to any of the Reserved Matters shall be taken (whether by the Board, any committee, the shareholders of the Company or any of the employees, officers or managers of the Company) unless the Investor's Consent is obtained for such action, and all decisions relating to any Reserved Matter shall be subject to the Investor's Consent.

  • If the Minimum Holding Condition is satisfied and the Holder does not fill a vacancy on the Board pursuant to Section 7.2, Holder shall have the right to designate from time to time and at any time one (1) representative (the “Observer”) to attend all meetings of the Board (and all committees thereof) of the Company as a non-voting observer (it being understood that the failure to appoint an Observer shall not be deemed or claimed to be waiver of any such right).

  • The Holder’s board designation right pursuant to this Section 7 shall terminate and be of no further force and effect upon such time the Holder ceases to satisfy the Minimum Holding Condition and shall not be reinstated under any circumstances.

  • The provisions of Section 4.01 and Section 4.02 shall terminate, and the Purchaser shall no longer be entitled to designate Purchaser Nominees for election to the Board of Directors under Section 4.01 or an observer under Section 4.02, at such time as the Minimum Holding Condition is no longer satisfied.


More Definitions of Minimum Holding Condition

Minimum Holding Condition means the condition that the Transaction Shares beneficially owned by GS Investors (including for this purpose all shares of Common Stock issuable upon conversion of Bonds beneficially owned by GS Investors) represent, in the aggregate, at least 3% of the Bank's outstanding Common Stock (including for this purpose all shares of Common Stock issuable upon conversion of Bonds beneficially owned by GS Investors, but excluding shares of Common Stock issued or issuable upon conversion of Preferred Shares).
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Related to Minimum Holding Condition

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

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

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

  • 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.

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

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

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

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

  • Holding Limit Event means, assuming the investor is the Issuer and/or any of its affiliates, the Issuer together with its affiliates, in aggregate hold, an interest in the Underlying Stock, constituting or likely to constitute (directly or indirectly) ownership, control or the power to vote a percentage of any class of voting securities of the Underlying Stock, of the Underlying Stock in excess of a percentage permitted or advisable, as determined by the Issuer, for the purpose of its compliance with the Bank Holding Company Act of 1956 as amended by Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Volcker Rule), including any requests, regulations, rules, guidelines or directives made by the relevant governmental authority under, or issued by the relevant governmental authority in connection with, such statutes.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Holding tank means a tank used for the collection and storage of sewage.

  • Vesting Conditions means those conditions established in accordance with Section 8.4 or Section 10.2 of the Plan prior to the satisfaction of which shares subject to a Restricted Stock Award or Restricted Stock Unit Award, respectively, remain subject to forfeiture or a repurchase option in favor of the Company upon the Participant’s termination of Service.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

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

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

  • Preexisting condition means any medical condition,

  • 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.

  • 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.

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

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

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

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

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

  • 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).