Examples of Ownership Percentage in a sentence
If at any time following the date which is twelve (12) months after the Plan Effective Date, Xxxxxx’s Ownership Percentage is at least thirty-five percent (35%) but less than fifty percent (50%), four (4) Apollo Directors shall be elected to the Board, one of whom shall be an Independent Director, and two (2) Selection Committee Directors shall be elected to the Board.
If at any time the Ownership Percentage of Nuveen is less than five percent (5%), there shall cease to be a Nuveen Director, and such director seat shall be elected by either Majority Stockholder Approval or by a majority of the remaining Directors.
If at any time the Ownership Percentage of Brigade is less than five percent (5%), there shall cease to be a Brigade Director, and such director seat shall be elected by either Majority Stockholder Approval or by a majority of the remaining Directors.
If at any time following the date which is twelve (12) months after the Plan Effective Date, Xxxxxx’s Ownership Percentage is at least five percent (5%), one (1) Director designated by Xxxxxx shall be elected to the Board (any such Director designated by Xxxxxx, a “Nuveen Director”).
If at any time following the date which is twelve (12) months after the Plan Effective Date, Brigade’s Ownership Percentage is at least five percent (5%), one (1) Director designated by Brigade shall be elected to the Board (any such Director designated by Brigade, a “Brigade Director”).