Minimum Portion definition

Minimum Portion means, with respect to a redemption of Class D Preferred Units, a number of Outstanding Class D Preferred Units immediately prior to such redemption having an aggregate Class D Stated Value of not less than $50.0 million.
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Minimum Portion means, on any date, shares of Series A Preferred Stock for which the sum of the Stated Value thereof at such time is not less than $10,000,000 (unless the aggregate sum of the Stated Value of all shares of Series A Preferred Stock that would remain outstanding after such redemption would be less than $10,000,000, in which case “Minimum Portion” means all such shares of Series A Preferred Stock then outstanding).
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Minimum Portion means three percent (3%) of the Membership Interests issued by the Company.
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Examples of Minimum Portion in a sentence

  • Subject to Section 3.02(a) and Section 3.02(e), a Member may Dispose of all or not less than a Minimum Portion of its Membership Interest to an Affiliate without the consent of the Governing Board of Managers or any Member, and the transferee may become a Member and become subject to the terms and conditions of these Restated Regulations; provided, however, that the Member making the Disposition must own at least a majority of the voting power of that Affiliate at the time of the Disposition.

  • This Agreement may be amended or modified by a written document duly approved by the boards of directors of the parties, whether before or after approval of this Agreement by the stockholders of Target Bank, provided that any amendment or modification after such stockholder approval shall not decrease the Per Share Merger Consideration without the approval thereof of the stockholders of Target Bank by at least the Minimum Portion.

  • The Issuer may, at its option (an “Optional Redemption”) on any one or more dates (any such date, an “Optional Redemption Date”), redeem all or any Minimum Portion of the outstanding Series A-1 Preferred Stock in cash subject to the terms and conditions set forth in this Section 6; provided that in no event may the Issuer redeem an amount less than the Minimum Portion pursuant to this Section 6.

  • No other corporate proceeding of Target Bank is required for approval of this Agreement and the Merger or the performance of Target Bank's obligations under this Agreement other than adoption of this Agreement, the Amendment (as defined in Section 4.03(i) hereof) and the Plan of Merger by the holders of at least the Minimum Portion of the outstanding shares of Target Bank Common required under the laws of the United States for approval of the Merger (the "Minimum Portion").

  • In the event that at the Stockholders' Meeting, the holders of at least the Minimum Portion of the outstanding shares of Target Bank Common do not adopt this Agreement, the Amendment and the Plan of Merger and Target Bank's Board of Directors have recommended that Target Bank's stockholders adopt this Agreement and the Plan of Merger, Acquiror or Target Bank may terminate this Agreement.

  • A "Minimum Portion" of PBC's Shares, or a "Minimum Interest," as the case may be, means a portion of, or all of, such Shares corresponding to a number of Vested Shares equal to at least 35% of the aggregate number of Vested Basic Common Shares and Unvested Basic Common Shares then held by or allocated to all Stockholders.

  • In the event that at the Stockholders' Meeting, Target Bank's Board of Directors fails to recommend that Target Bank's shareholders adopt, and the holders of at least the Minimum Portion of the outstanding shares of Target Bank Common do not adopt, this Agreement, the Amendment and the Plan of Merger, Acquiror may terminate this Agreement.

  • The Issuer may, at its option (an “Optional Redemption”) on any one or more dates (any such date, an “Optional Redemption Date”), redeem all or any Minimum Portion of the outstanding Series A-2 Preferred Stock in cash subject to the terms and conditions set forth in this Section 6; provided that in no event may the Issuer redeem an amount less than the Minimum Portion pursuant to this Section 6.


More Definitions of Minimum Portion

Minimum Portion means the lesser of (i) $50 million in aggregate Stated Value of Series A-1 Preferred Stock and (ii) all of the Series A-1 Preferred Stock then outstanding.
Sample 1
Minimum Portion of MMC's Membership Interest, or a "Minimum Interest," as the case may be, means a portion of, or all of, such Membership Interest corresponding to a number of Vested Units equal to at least 35% of the aggregate number of Vested Units and Unvested Basic Units then allocated to all Members.
Sample 1
Minimum Portion of MMC's Membership Interest, or a "Minimum Interest," as the case may be, means a portion of, or all of, such Membership Interest corresponding to a number of Vested Units equal to at least 35% of the aggregate number of Vested Units and Unvested Basic Units then allocated to all Members.
Sample 1

Related to Minimum Portion

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Minimum Period means the minimum period for the Service, the initial term of which is set out on the Front Sheet and which starts on the Service Start Date; the minimum period may be renewed on agreement between you and us from time to time for further minimum periods for the same length as, or different to, the initial term.

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Minimum Percentage means 3% of the number of outstanding shares of common stock of the Corporation as provided in the most recent 1934 Act filing made by the Corporation with the SEC immediately prior to the submission of the Nomination Notice.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

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

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Minimum Price shall have the meaning set forth in Section 7.2(b)(ii).

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Consideration means the $.01 par value per share or such larger amount determined pursuant to resolution of the Board to be capital within the meaning of Section 154 of the Delaware General Corporation Law.

  • Maximum Premium has the meaning set forth in Section 7.06(b).

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

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Maximum Share Amount shall have the meaning set forth in Section 2.01(c).

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Minimum Subscription means the minimum subscription for Shares as specified in the relevant Supplement.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum qualifications” are qualifications mandated for the position and which must be possessed by a Unit Member before the individual can be considered for employment in a specific classification.