Ownership Ratio definition

Ownership Ratio means, as to a holder of Stockholder Shares at the time of determination, the percentage obtained by dividing the number of shares of Common Stock owned by such holder at such time on a fully diluted as if converted basis, by the aggregate number of shares of Common Stock Deemed Outstanding at such time.

Ownership Ratio means, as to any Person at any time of determination, the percentage obtained by dividing the amount of shares of Common Stock held by such Person on a fully diluted, as-if-converted basis at such time by the aggregate amount of shares of Common Stock outstanding on a fully diluted, as-if-converted basis at such time. For purposes of this definition, "fully diluted" shall exclude shares of Common Stock issuable pursuant to out-of-the-money options, warrants or other rights and options, warrants or other rights which are not exercisable by the holder thereof on the date of determination.

Ownership Ratio means, as to any Person at any time of determination, the percentage obtained by dividing the amount of shares of Common Stock held by such Person on a fully diluted, as-if-converted basis at such time by the aggregate amount of shares of Common Stock outstanding fully diluted, as-if-converted basis at such time (without regard to any limitation on conversion set forth herein or otherwise).

Examples of Ownership Ratio in a sentence

• In the event that (A) UtiliCorp's Fully Diluted Ownership Ratio is less than 5% or (B) UtiliCorp sells or otherwise disposes of 75% or more of the total number of shares of Common Stock owned by it (on an as-converted basis), then a majority of the outstanding shares of Series A Preferred Stock and the Conversion Shares (to the extent permitted by applicable law) held by UtiliCorp shall have no right (voting exclusively and as a separate class) to elect any directors to the Board of Directors.

• If the securities to be issued pursuant to the Offer do not include any class or series of preferred stock of the Corporation whether by liquidation, dividend or voting rights, the Corporation shall offer to sell to each holder of Convertible Preferred Stock a number of such securities (the "OFFERED SECURITIES") so that such holder's Ownership Ratio immediately after the issuance of such securities would be equal to such holder's Ownership Ratio immediately prior to such issuance of securities.

• The covenant set forth in Section 6.12 shall terminate and be of no further force and effect if UtiliCorp's Fully Diluted Ownership Ratio is less than 10%.

• The covenants set forth in Sections 6.01, 6.02, 6.06, 6.09, and 6.10 shall terminate and be of no further force and effect if UtiliCorp's Fully Diluted Ownership Ratio is less than 5%.

• The Company shall not adopt any Stockholders Rights Plan that could have the effect of reducing UtiliCorp's Fully Diluted Ownership Ratio below 49.9%.

More Definitions of Ownership Ratio

Ownership Ratio means the ratio of shares of Common Stock of the Company held by the Investor on the day immediately preceding the date of the notice described in subsection (c) below to the total number of shares of Common Stock of the Company then outstanding.

Ownership Ratio means, as to a Unitholder at the time of determination, the percentage obtained by dividing the number of Units of the applicable class of Units held by such Unitholder at such time by the aggregate number of Units of the same class of Units held by all Unitholders at such time.

Ownership Ratio shall be a fraction, the numerator of which shall be the number of shares of Borrower Common Stock theretofore issuable upon conversion of this Note, and the denominator of which shall be the shares of Borrower Common Stock outstanding immediately prior to the issuance of such rights, options, warrants or convertible or exchangeable securities, plus the number of shares of Borrower Common Stock theretofore issuable upon the conversion of this Note. Upon the expiration or termination of such rights, options, warrants or convertible or exchangeable securities the issuance of which triggered the adjustments referred to in this Section 1.2.2 prior to any exercise thereof, the number of shares of Borrower Common Stock into which this Note shall be converted shall forthwith be readjusted to the number of shares of Borrower Common Stock that would have been issuable had such expired or terminated rights, options, warrants or convertible or exchangeable securities not been issued by Maker.

Ownership Ratio has the meaning set forth in Section 5.4.

Ownership Ratio means the ratio that each unit owner has title to the common property. as

Ownership Ratio shall refer to the relative ratio that the Owners’ Ownership Interest bear to each other. For example, as of the date of this Agreement, with regard to the Gathering System, the initial Ownership Ratio shall be 50:50 (corresponding to NNG’s fifty percent (50%) undivided ownership interest in the Gathering System and Seminole’s fifty percent (50%) undivided ownership interest in the Gathering System). Except as otherwise set forth in this Agreement, all revenues, income, costs, expenses and liabilities shall be allocated, paid and borne in accordance with the Ownership Ratio.

Ownership Ratio means, as to a Stockholder at the time of determination, the percentage obtained by dividing the amount of shares of Common Stock held by such Stockholder on a fully diluted basis at such time by the aggregate amount of shares of Common Stock outstanding on a fully diluted basis at such time. For the purpose of calculating the Ownership Ratio for any of (i) 000 Xxxxxxx, XXX or the 399 Individual Investors, such Stockholders shall be aggregated and shall be deemed to have, as a group, their aggregate Ownership Ratio, and (ii) BRS or the BRS Individual Investors, such Stockholders shall be aggregated and shall be deemed to have, as a group, their aggregate Ownership Ratio.