Percentage of Demanding Holders definition

Percentage of Demanding Holders means the percentage (expressed as a number out to the ten thousandths decimal point (e.g., 10.7553% shall be “10.7553” for purposes of this definition)) of IPO Shares (as defined in Article Fifth, paragraph B of the Parent Charter) that the holders of which shall have demanded that Parent convert their IPO Shares into cash pursuant to Article Fifth, paragraph B of the Parent Charter and/or Section 8.8 of the Underwriting Agreement. “Additional Stock Consideration” means 2,275,000 shares of Parent Common Stock.
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Percentage of Demanding Holders means the percentage (expressed as a number out to the ten thousandths decimal point (e.g., 10.7553% shall be "10.7553" for purposes of this definition)) of IPO Shares (as defined in Article Fifth,
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Examples of Percentage of Demanding Holders in a sentence

  • The “Conversion Number” shall equal the quotient represented by dividing (i) the sum of 400 plus the product of (A) three multiplied by (B) the Percentage of Demanding Holders, by (ii) the amount equal to 100 minus the Percentage of Demanding Holders.

  • The "Conversion Number" shall equal the quotient represented by dividing (i) the sum of 400 plus the product of (A) three multiplied by (B) the Percentage of Demanding Holders, by (ii) the amount equal to 100 minus the Percentage of Demanding Holders.

Related to Percentage of Demanding Holders

  • Demanding Holders shall have the meaning given in subsection 2.1.1.

  • Demanding Holder shall have the meaning given in subsection 2.1.1.

  • Requesting Holders shall have the meaning given in Section 2.1.5.

  • Initiating Holders means, collectively, Holders who properly initiate a registration request under this Agreement.

  • Requesting Holder shall have the meaning given in subsection 2.1.1.

  • Majority Participating Holders means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

  • Takedown Requesting Holder shall have the meaning given in subsection 2.3.3.

  • Participating Holders means all Holders of Registrable Securities which are proposed to be included in any offering of Registrable Securities pursuant to Section 2.1 or Section 2.2.

  • Demand Registration Notice has the meaning set forth in Section 2.1.

  • Initiating Holder has the meaning set forth in Section 2.01(a).

  • Shelf Takedown means an Underwritten Shelf Takedown or any proposed transfer or sale using a Registration Statement, including a Piggyback Registration.

  • Demand Registration shall have the meaning given in subsection 2.1.1.

  • Demand Request shall have the meaning set forth in Section 2.1.

  • Selling Holders means, with respect to a specified registration pursuant to this Agreement, Holders whose Registrable Securities are included in such registration.

  • Shelf Takedown Request shall have the meaning set forth in Section 3.2.5(a).

  • Existing Holders shall have the meaning given in the Preamble.

  • Underwritten Demand shall have the meaning given in subsection 2.1.3 of this Agreement.

  • Demand Registration Request shall have the meaning set forth in Section 3.1.1(a).

  • Underwriters’ Maximum Number means, for any Piggyback Registration, Demand Registration or other registration which is an underwritten registration, that number of securities to which such registration should, in the opinion of the managing underwriters of such registration in the light of marketing factors, be limited.

  • Acting Holders means, at the time of determination, Holders of at least 40% of the outstanding CVRs as set forth on the CVR Register.

  • Piggyback Request has the meaning set forth in Section 2(c)(i).

  • Registrable Securities then outstanding means the number of shares determined by adding the number of shares of outstanding Common Stock that are Registrable Securities and the number of shares of Common Stock issuable (directly or indirectly) pursuant to then exercisable and/or convertible securities that are Registrable Securities.

  • Underwritten Takedown means an underwritten public offering of Registrable Securities pursuant to the Resale Shelf Registration Statement, as amended or supplemented.

  • Piggy-Back Registration is defined in Section 2.2.1.

  • Shelf Takedown Notice shall have the meaning given in subsection 2.1.3.

  • Nominated Demand Resource Value means the amount of load reduction that a Demand Resource commits to provide either through direct load control, firm service level or guaranteed load drop programs. For existing Demand Resources, the maximum Nominated Demand Resource Value is limited, in accordance with the PJM Manuals, to the value appropriate for the method by which the load reduction would be accomplished, at the time the Base Residual Auction or Incremental Auction is being conducted.