Standstill Limit definition

Standstill Limit means 76% of the Total Current Voting Power then in effect.

Standstill Limit means Beneficial Ownership of 39.9% of the Adjusted Outstanding Common Stock.

Standstill Limit means (i) from the Closing Date until the fourth (4th) anniversary of the Closing Date, the lesser of (A) twenty-one percent (21%) of the Shares of Then Outstanding Common Stock, in the case of this clause (A) only, calculated on a fully diluted basis assuming the full conversion into, or exercise or exchange for, shares of Common Stock of all Common Stock Equivalents outstanding (as such Common Stock Equivalents outstanding are calculated from the Company’s most recent Form 10-Q or Form 10-K, as applicable, filed with the SEC), and (B) twenty-five percent (25%) of the Shares of Then Outstanding Common Stock, and (ii) from the fourth (4th) anniversary of the Closing Date until the expiration of the Standstill Term, thirty percent (30%) of the Shares of Then Outstanding Common Stock.

Examples of Standstill Limit in a sentence

• Subject to Article V, and in addition to any other rights set forth in this Article VI, the Sumitomo Group may directly or indirectly acquire, through open market purchases, privately negotiated purchases from Disinterested Shareholders or, subject to Section 4.4, purchases from the Company, securities of the Company that result in the Sumitomo Group Beneficially Owning securities of the Company that constitute no more than the Standstill Limit.

• The provisions of paragraph (ii) of this Article 7.2.3 shall be without prejudice to the right of the Investor to acquire shares of the Issuer in the open market up to, and within the limitations of, the Standstill Limit.

• All references in this Agreement to percentages or numbers of shares, including but not limited to such references in the definition of "Standstill Limit," shall be subject to adjustment for Company reorganizations, stock splits, stock dividends, reverse stock splits and similar events during the term of this Agreement.

• Contracts, documents or instruments in writing requiring the signature of the Corporation may be signed by any two persons designated for that purpose by the board of directors, including the Chair, Treasurer, Secretary or the Secretary-Treasurer.

• For the avoidance of doubt, for so long as the Subscribers are and continue to be Associates, the Standstill Limit applies on the basis that each Subscriber’s Voting Power is calculated by reference to the aggregate number of Shares in which each Subscriber (and their Associates) has a Relevant Interest.

More Definitions of Standstill Limit

Standstill Limit means, at any time and with respect to any contemplated acquisition of Equity Securities by the Investor or any of its Affiliates, a number of shares of Common Stock equal to the product of (x) the Investor Maximum Ownership Percentage at such time and (y) the number of outstanding shares of Common Stock.

Standstill Limit means 51.5% of the Outstanding Common Stock of the Company.

Standstill Limit means fifteen percent (15%) of the Shares of Then Outstanding Common Stock.

Standstill Limit means 49.9% of the Adjusted Outstanding Common Stock.

Standstill Limit means, at any time, the greater of:

Standstill Limit means thirty percent (30%) of the Shares of Then Outstanding Common Stock.

Standstill Limit means 26,525,602 shares.