Examples of Required Seller in a sentence

Each of Seller and Seller Sub has the right, power, authority and capacity to execute and deliver this Agreement and, subject to obtaining the Required Seller Vote, the obtaining of appropriate approvals by Regulatory Authorities and Governmental Authorities and the expiration of applicable regulatory waiting periods, to perform its obligations under this Agreement.
In the event that the terms and/or conditions set forth in the Drag-Along Notice are thereafter amended in any material respect, the Drag-Along Sellers shall give written notice (an “Amended Drag-Along Notice”) of the amended terms and conditions of the proposed Transfer to each Required Seller and the Company.
Each Required Seller shall receive the same form and amount of consideration received by the Drag-Along Sellers per Share.
In connection with an Exit Sale, the Company may also require each Required Seller to vote in favor of such Exit Sale or act by written consent approving the same with respect to all Shares owned by such Required Seller, as necessary or desirable to authorize, approve and adopt the Exit Sale.
The rights set forth in Section 3(a) shall be exercised by the Drag-Along Sellers giving written notice (the “Drag-Along Notice”) to each Required Seller and the Company, at least ten (10) Business Days prior to the date on which the Drag-Along Sellers expect to consummate the Transfer giving rise to such Drag-Along Right.

More Definitions of Required Seller

Required Seller s Interest Amount” means, the Required Seller’s Interest Percentage of the aggregate Invested Amount of all Series of Notes outstanding (excluding any Notes held for the life of such Notes by OnDeck or any of its wholly-owned affiliates).

Required Seller s Interest Percentage” means, 5.0% of the aggregate unpaid principal balance of all notes issued or to be issued by the Issuer (excluding any Notes held for the life of such Notes by OnDeck or any of its wholly-owned affiliates).

Required Seller s Interest” means as of any date of determination, the product of (i) 5% and (ii) the aggregate of the principal balances of all outstanding Notes other than Risk Retention Retained Notes as of such date of determination.

Required Seller has the meaning set forth in Section 3.7(b).

Required Seller s Allocated Amount” shall mean, with respect to any date, an amount equal to the product of the Required Seller’s Percentage and the aggregate amount of Principal Receivables in the Trust;

Required Seller s Percentage” shall mean 5%; provided, however, that the Seller may reduce the Required Seller’s Percentage upon (a) 30 days’ prior notice to the Trust, the Indenture Trustee and each Rating Agency, and each Series Enhancer or other person entitled to receive such notice pursuant to any applicable Supplement, (b) the satisfaction of the Rating Agency Condition in respect of such reduction, and (c) delivery to the Trust, the Indenture Trustee, each such Series Enhancer and each such other person of an Officer’s Certificate of the Seller stating that the Seller reasonably believes that such reduction will not, based on the facts known to such officer at the time of such certification, then cause an Amortization Event or a Series Amortization Event, or any event that, after the giving of notice or the lapse of time, would constitute an Amortization Event or a

Required Seller s Interest Percentage” means, 5% minus the minimum percentage based on the fair value of the “eligible horizontal residual interest” (as defined in Regulation RR) that OnDeck or any wholly-owned affiliate of OnDeck retains for each outstanding Series of Notes.