Minimum Ownership Percentage definition

Minimum Ownership Percentage means ownership of at least 10% of the issued and outstanding Partnership Securities (or such lower threshold as may be mutually agreed by the Investors).

Minimum Ownership Percentage has the meaning set forth in Section 5.2(b).

Minimum Ownership Percentage means beneficial ownership in the aggregate of not less than 5% of the shares of Common Stock outstanding as of any date, including shares of Preferred Stock on an as-converted basis.

Examples of Minimum Ownership Percentage in a sentence

• On the contrary, each of Zodiac HoldCo Shareholder and the Current Shareholders shall continue to be subject to the undertakings given and the restrictions assumed by it pursuant to Section IV of this Agreement as regards the Transfer of its shares if the direct or aggregate stake in the Company’s share capital of the Zodiac HoldCo Shareholder Group or the Current Shareholders Group, respectively, falls below the Minimum Ownership Percentage for Transfers.

• For so long as each Investor (together with its Affiliates) continues to hold a Minimum Ownership Percentage, the Board of Directors shall be comprised of two Directors, one of whom shall be designated by the TPG Investors (the “TPG Designee”) and one of whom shall be designated by the GS Investors (the “GS Designee” and, together with the TPG Designee, the “Designated Directors”).

• From and after the third anniversary of the Subscription Date until the fifth anniversary thereof, for purposes of determining whether the Promoters then hold the requisite Minimum Ownership Percentage, or other minimum required ownership percentage of the Shares, in each case, for purposes of Article 197 (a) hereof only, the number of IFC Shares held by IFC on the third anniversary of the Subscription Date shall be included.

• Notwithstanding anything in this Article IV to the contrary, to the extent any Investor and its Affiliates fail to hold a Minimum Ownership Percentage, such Investor shall no longer be entitled to designate any Designated Directors pursuant to Section 4.1, and the Company and the Investors may take all necessary action to remove such Investor’s Designated Directors as Directors and reduce the size of the Board of Directors accordingly.

• Subject to the terms and conditions set forth herein, the Company shall have the right (the “ Call Right”), at any time that an Investor and its Affiliates collectively cease to own a Minimum Ownership Percentage, to acquire all, but not less than all, of the shares of Common Stock owned by such Investor and its Affiliates for the aggregate purchase price paid by such Investor and its Affiliates for such shares.

More Definitions of Minimum Ownership Percentage

Minimum Ownership Percentage means ten percent (10%) of the total number of Ordinary Shares then outstanding, which shall be calculated without taking into account (a) any Securities issued after the date of this Agreement pursuant to a New Issuance Exception or (b) (i) any Securities issued after the date of this Agreement that are not Ordinary Shares or (ii) any Ordinary Shares issued upon the conversion, exchange or exercise of such Securities;

Minimum Ownership Percentage means ten percent (10%) of the total number of Ordinary Shares then outstanding;

Minimum Ownership Percentage has the meaning set forth in Section 4(f).

Minimum Ownership Percentage means the ownership of such number of: (i) shares of Capital Stock of Retek to the extent, and only to the extent, necessary for HNC to maintain all of the following: (a) control of Retek (within the meaning of Section 368(c) of the Internal Revenue Code of 1986, as amended (the "Code")); (b) the status of Retek as a member of the affiliated group of corporations (within the meaning of Section 1504 of the Code) of which HNC is the common parent, provided such status has theretofore been maintained; and (c) HNC's then-existing Ownership Percentage; and (ii) shares of any non-voting Capital Stock of Retek to the extent, and only to the extent, necessary to own eighty percent (80%) of each outstanding class of such stock.

Minimum Ownership Percentage has the meaning set forth in Section 11(c)(i).

Minimum Ownership Percentage means the Management Ownership Percentage that must be held by each Management Stockholder during each year beginning 181 days after the consummation of the IPO (“Ownership Year”), as set forth below: Ownership Year Minimum Ownership Percentage 1 75% 2 50% 3 25% 4 0% Any Purchased Equity shall not be considered for purposes of the definition of “Management Ownership Percentage” and shall not be subject to the limitations in this Section 5.2(b). The limitations on Transfer set forth in this Section 5.2(b) shall terminate, with respect to any Management Stockholder, if ever, at such time that such Management Stockholder ceases to be employed by the Company other than as a result of such Management Stockholder being (x) terminated for Cause or (y) resigning without Good Reason; provided that, if such employment ceases as set forth in this sentence prior to the one year anniversary of the date hereof, the limitations on Transfer set forth in this Section 5.2(b) shall not terminate with respect to such Management Stockholder until the one year anniversary of the date hereof.

Minimum Ownership Percentage means 95% of the outstanding Equity Interests of JCM minus the percentage of such outstanding Equity Interests represented by Equity Interests of JCM awarded from time to time to any officers or employees of the Borrower or its Subsidiaries under compensation plans of the Borrower and its Subsidiaries; provided, however, that the aggregate amount of such awards of Equity Interests of JCM shall not total more than 5% of the outstanding Equity Interests of JCM.