Minimum Participation Condition definition

Minimum Participation Condition has the meaning given to such term in the Term Sheet.
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Minimum Participation Condition means the election by the holders of Common Units to tender at least 25.0% of the aggregate outstanding Common Units in the First Tender Offer (as defined below);
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Minimum Participation Condition. The meaning ascribed to such term in the “Summary of Terms of the Exchange Offers” section of the Term Sheet.
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Examples of Minimum Participation Condition in a sentence

  • Either (i) (x) the Minimum Participation Condition shall have been satisfied and (y) the Supplemental Indenture Effective Date shall have occurred, or (ii) if the Minimum Participation Condition has not been satisfied, the Confirmation Order shall have been entered confirming the Prepackaged Plan and all conditions to the Effective Time occurring under the Prepackaged Plan shall have been satisfied or waived.

  • That represents approximately 60% of the total capital stock, excluding from the denominator all shares owned by the State, meaning that if the Minimum Participation Condition is met, the number of Common Shares and Preferred Shares held as Units (including Units represented by Unit ADSs) will be at least 60% of the total outstanding shares of Copel held by persons other than the State.

  • Except as provided in the Transaction Support Agreements, the Secured Note Exchange Offer may not be withdrawn (other than due to the impossibility of fulfilling a condition precedent other than the Minimum Participation Condition) prior to March 31, 2016 and may not remain open after March 31, 2016.

  • Satisfaction of the Minimum Participation Condition will be determined as of the Expiration Date.

  • We considered the Minimum Participation Condition, which ensures that the Units (and the Unit ADSs) will be the principal publicly traded class of our equity securities following the Conversion Offer.

  • Since the Minimum Participation Condition was not satisfied, Holdings will not accept any Old Notes tendered for exchange, all Old Notes tendered pursuant to the Exchange Offer will be promptly returned to their holders, and the Proposed Amendments will not become operative.

  • Please advise us whether there are any conditions to the Conversion Offer other than the Minimum Participation Condition.

  • Further, the Company today announced that the Issuers have waived the Minimum Participation Condition (as defined in the Offering Memorandum) applicable to the Old 7.875% Notes.

  • Upon satisfaction of the Minimum Participation Condition, HighPoint will pay consenting holders a consent fee of $2.50 per $1,000 principal amount of HighPoint Senior Notes (the “Change of Control Consent Fee”).

  • The Partnership’s obligation to accept any Existing Notes tendered in the Exchange Offer is also subject to the satisfaction of certain customary conditions, including the Minimum Participation Condition.


More Definitions of Minimum Participation Condition

Minimum Participation Condition means that at least 80% of the aggregate principal amount of Old Notes outstanding shall have been validly tendered (and not validly withdrawn) for exchange in the Exchange Offer, which condition may be waived in the Issuers’ sole discretion.
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Related to Minimum Participation Condition

  • Minimum Participation Requirements means a set of minimum training, risk management, communication and capital or collateral requirements required for Participants in the PJM Markets, as set forth herein and in the Form of Annual Certification set forth as Tariff, Attachment Q, Appendix 1. Participants transacting in FTRs in certain circumstances will be required to demonstrate additional risk management procedures and controls as further set forth in the Annual Certification found in Tariff, Attachment Q, Appendix 1.

  • Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of an SWLF unit.

  • 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).

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

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

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

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

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

  • Acceptance Condition means the acceptance condition to any Offer;

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

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibilityconditions listed in Clause [5] of the Tender Document.

  • 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.