Ownership Minimum definition

Ownership Minimum means, with respect to the Rock Members, if the number of its Owned Shares exceeds [•], as adjusted for any stock split, stock dividend, reverse stock split, combination, recapitalization, reclassification or similar event.
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Ownership Minimum means, with respect to the SL Members, the Temasek Equityholders or the Xxxxx Members, as the case may be, if the number of its Owned Shares exceeds [ ],(2) as adjusted for any stock split, stock dividend, reverse stock split, combination, recapitalization, reclassification or similar event.
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Ownership Minimum means, with respect to a Sponsor, that such Sponsor and its Affiliates own at least 5% of the Class A Common Stock outstanding immediately following the consummation of the IPO, assuming that all outstanding Paired Interests that are exchangeable for Class A Common Stock pursuant to the Exchange Agreement are so exchanged (and, for the avoidance of doubt, without giving effect to any contractual or other limitation on the conversion or exchange of such Units that may be in effect from time to time).
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Examples of Ownership Minimum in a sentence

  • Each of the Rock Members shall have the exclusive right to enforce the rights and duties, or to waive such rights and duties, set forth in this Section 7.07(a), in each case so long as such Rock Member meets the Limited Ownership Minimum.


More Definitions of Ownership Minimum

Ownership Minimum means, with respect to (i) each of the SL Member and the KKR Member, (x) an amount of Common Units equal to 50% of the Post-Syndication Units of such Member with respect to the right to designate a Director and with respect to the rights set forth in Section 8.01(e), and (y) an amount of Common Units equal to 25% of the Post-Syndication Units of such Member with respect to the right to designate a Board Observer, (ii) the WME Member, 300,000 Common Units with respect to the right to designate two Directors and with respect to the rights of the WME Member set forth in Sections 5.01(e) and 6.06(c) and 150,000 Common Units with respect to the right to designate one Director and one Board Observer and with respect to the rights of the WME Member in Section 9.10, (iii) the Xxxxxxxx Member, 31,250 Common Units with respect to the right to designate one Board Observer and 62,500 Common Units with respect to the rights of the Xxxxxxxx Member in Sections 6.06 and 5.01(e), (iv) the January Capital Member, 37,500 Common Units with respect to the right to designate one Board Observer and 75,000 with respect to the rights of the January Capital Member in Sections 6.06 and 5.01(e) (in each case, as adjusted for any combinations, splits, equity dividends, recapitalizations, reclassifications and the like), and (v) the MSD Member, Class P Units having an initial liquidation preference (as of the Restatement Date) equal to at least 50% of the initial liquidation preference (as of the Restatement Date) of all Class P Units issued to the MSD Member on the Restatement Date.
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Ownership Minimum means the lesser of (i) 15.0% of the outstanding shares of Common Stock and (ii) 2,877,294 shares of Common Stock (subject to adjustment for stock splits, reclassifications, combinations and similar adjustments).
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Ownership Minimum means, with respect to the GA Members, if the number of its Owned Shares exceeds [_______], as adjusted for any stock split, stock dividend, reverse stock split, combination, recapitalization, reclassification or similar event.
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Ownership Minimum means 12.0% of the outstanding shares of Common Stock.
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Related to Ownership Minimum

  • Partnership Minimum Gain has the meaning set forth in Regulations Section 1.704-2(b)(2), and the amount of Partnership Minimum Gain, as well as any net increase or decrease in Partnership Minimum Gain, for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(d).

  • Fully Diluted Capitalization means the aggregate number, as of immediately prior to the First Equity Financing, of issued and outstanding shares of Capital Stock, assuming full conversion or exercise of all convertible and exercisable securities then outstanding, including shares of convertible Preferred Stock and all outstanding vested or unvested options or warrants to purchase Capital Stock, but excluding (i) the issuance of all shares of Capital Stock reserved and available for future issuance under any of the Company’s existing equity incentive plans, (ii) convertible promissory notes issued by the Company, (iii) any SAFEs, and (iv) any equity securities that are issuable upon conversion of any outstanding convertible promissory notes or SAFEs.

  • Expenditure minimum means:

  • 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.

  • Threshold means with respect to Party B: infinity.

  • Base Level means the following amounts plus the percentage

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.