Minimum Holding Requirement definition

Minimum Holding Requirement means the beneficial ownership (as such term is defined in Rule 13d-3 under the Exchange Act) by the Sponsor Group, of at least 5% of the issued and outstanding Ordinary Shares, excluding (i) any Hedged Positions as evidenced by the IIAC Sponsor in writing and (ii) any Escrowed Shares that have not been released from escrow to the applicable Sponsor Group member.
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Minimum Holding Requirement. Means the minimum number of Shares or Net Asset Value per Share (as appropriate) which must be held at any time by a Shareholder. Unless otherwise specified in the relevant Product Annex, the Minimum Holding Requirement will be 1 Share;
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Minimum Holding Requirement means an aggregate of 15% of the face amount of total outstanding TSC Series A Preferred Shares and TSC Series B Preferred Shares.
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Examples of Minimum Holding Requirement in a sentence

  • This agreement shall, furthermore, automatically, and without any further action being required from either of the Parties, terminate with immediate effect as per the moment the Sponsor Group ceases to satisfy the Minimum Holding Requirement during the Third Year or otherwise as per the Termination Date.

  • If, during the Third Year, a Sponsor Nominee ceases to be a Director, the Sponsor will have the right to nominate a person to the Board to fill the vacancy, provided that as a result of such Sponsor Nominee ceasing to be a Director, the Board no longer comprises any Sponsor Nominees, and only for as long as the Sponsor Group satisfies the Minimum Holding Requirement.


More Definitions of Minimum Holding Requirement

Minimum Holding Requirement means the beneficial ownership (as such term is defined in Rule 13d-3 under the Exchange Act) of at least five percent (5%) of the issued and outstanding Company Ordinary Shares by the IIAC Sponsor Group, excluding (i) any Hedged Positions as evidenced by IIAC Sponsor in writing and (ii) any Company Ordinary Shares held in escrow to the extent such Company Ordinary Shares have not been released from escrow to the applicable IIAC Sponsor Group member in accordance with the terms of the Escrow Agreement.
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Minimum Holding Requirement means the beneficial ownership, as defined in 17 CFR § 240.13d-3 under the Securities Exchange Act of 1934, as amended of such number of Company Shares that is equal to (rounded upwards) or exceeds fifty percent (50%) of the Initial Shareholding.
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Related to Minimum Holding Requirement

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

  • Reporting Requirement By January 31, 2017, the District will provide for OCR’s review and approval the Web Accessibility Policy drafted consistent with Item 1.

  • Listing Requirements means the Main Market Listing Requirements of Bursa Securities.

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • 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.