Shareholding Limit definition

Shareholding Limit has the meaning as provided in Article 3.2.

Shareholding Limit shall have the same meaning as denoted by Clause 3.2 of this Agreement.

Shareholding Limit means such number of Equity Shares as represent the higher of:

Examples of Shareholding Limit in a sentence

• In the latter case, the Company shall have the right to exercise its Call Option at multiple times in line with the gradual deregulation of PRC Law on the permitted Shareholding Limit, with a view to ultimately acquiring all the Option Equity.

• The Constitution also empowers the Directors to require the sale of Shares, if it shall come to their notice that the Individual Shareholding Limit is exceeded.

• In the latter case, Framedia Investment shall have the right to exercise its Call Option at multiple times in line with the gradual deregulation of PRC Law on the permitted Shareholding Limit, with a view to ultimately acquiring all the Option Equity.

• In the latter circumstance, the WFOE is entitled to exercise its Call Option in installments alongside the gradual deregulation on the upper Shareholding Limit under the PRC Law until its acquisition of all Option Equity.

• The Articles also empower the Directors to require the sale of Shares, if it shall come to their notice that the Individual Shareholding Limit is exceeded.

• Temasek (the “Approved Shareholder”) is currently entitled to have an interest in Shares in excess of the Shareholding Limit under the Constitution.The percentage of Shares in which a person has an interest will increase immediately following any purchase or acquisition of Shares where the Shares which are the subject of the purchase or acquisition are not Shares in which that person has an interest.

• The Articles prescribe an Individual Shareholding Limit of 15% of the issued Shares in which any person or related group of persons (other than a person or persons approved by the Directors) may have an interest.

• Temasek (the “Approved Shareholder”) is currently entitled to have an interest in Shares in excess of the Shareholding Limit under the Constitution.

• In the latter case, The9 Computer shall have the right to exercise its Transfer Option at multiple times in line with the gradual release of the PRC Laws on the permitted Shareholding Limit, with a view to ultimately acquiring all the Option Equity.

• In the latter case, Hongcheng Technology shall have the right to exercise its Call Option at multiple times in line with the gradual deregulation of PRC Law on the permitted Shareholding Limit, with a view to ultimately acquiring all the Option Equity.

More Definitions of Shareholding Limit

Shareholding Limit means 15% of the issued ordinary share capital of BIC2, or such higher percentage as MTN may notify to BIC2 in writing from time to time.

Shareholding Limit means 15% of the issued ordinary share capital of BIC2, or such higher percentage as MTN may notify to BIC2 in writing from time to time.33

Shareholding Limit means 30% of the issued ordinary share capital of the Company, or such other percentage as the Company may determine in writing from time to time and subject always to the free-float requirements of any applicable Exchange.

Shareholding Limit means the right of any Creditor (other than a Shareholder that does not provide Bonding Facilities) not being allocated shares in the Company that (in conjunction with other shares held by such Creditor) will result in such Creditor holding more than 9.99% of the outstanding equity of the Company. By way of exception Caixabank will only be be allowed to claim the benefit of the Shareholder Limit at the Second Conversion on month 24 after the Effective Date. The conversion price of the Initial Conversion Shares (and of any other subsequent conversion) calculated as provided herein will be referred as the “Conversion Price”. The Conversion Price will be set on or around the Effective Date in such amount necessary for the convertible portion of Facility C to represent (on a fully diluted basis) 95% of the share capital of the Company. Accordingly (as numerically exemplified in the worked example attached as Schedule III) the Conversion Price will be equal to the Actual Conversion Amount divided by the Total Conversion Shares. “Actual Conversion Amount” means the Maximum Conversion Amount, multiplied by the ratio of Facility C commitments held by the Initial Conversion Creditors to total Facility C commitments 5 Business Days prior to the Effective Date. “Total Conversion Shares” means the number of shares equal to the actual number of existing shares divided by 5%, less the actual number of existing shares. Post-Effective Date shareholding structure: As a result of the foregoing, on the Effective Date and following the occurrence of the Initial Conversion, the Company’s shareholding will be as follows: - the Initial Conversion Creditors will collectively hold a minimum of 90% and a maximum of 95% of the shares in the Company; and - a minimum of 5% and a maximum of 10% of the shares in the Company will be held by the Existing Shareholders.