Percentage Sold definition
Percentage Sold is defined in Section 9.3.8(c).
Percentage Sold shall be determined as of the date of the relevant Subject Sale and shall mean (a) for any Transfer of an interest in a Partner, the Fair Market Value of such Partner, multiplied by the Partner Percentage of such Partner, expressed as a decimal, multiplied by the percentage of the total equity interest in such Partner represented by the interest so Transferred, divided by the Fair Market Value of MSG and (b) for any direct Transfer of any MSG Interest, the percentage of the total MSG Interests represented by the amount so Transferred.
Percentage Sold means the Sold Shares expressed as a percentage of the Conversion Shares, as the Sold Shares and the Conversion Shares shall be adjusted to reflect any subdivisions or combinations of shares occurring between the Amendment Closing Date and the end of the Determination Period. For the avoidance of doubt, sales by a Bank of shares that are not Conversion Shares, including shares issuable upon the exercise of any Warrants granted or to be granted to any Bank or its nominee, shall not be taken into account for the purposes of this clause 9.4.7.
More Definitions of Percentage Sold
Percentage Sold means the Sold Shares expressed as a percentage of the Conversion Shares, as the Sold Shares and the Conversion Shares shall be adjusted to reflect any subdivisions or combinations of shares occurring between September 28, 2006 and the end of the Determination Period. For the avoidance of doubt, sales by a Bank of shares that are not Conversion Shares, including shares issuable upon the exercise of any Warrants granted or to be granted to any Bank or its nominee or shares issuable upon conversion of any capital notes issued on or about the Amendment Closing Date, shall not be taken into account for the purposes of this clause 9.4.7.