Triggering Percentage definition

Triggering Percentage means 15 percent.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Triggering Percentage means 10 percent (or 20 percent in the case of a Person who is a 13G Institutional Investor).

Triggering Percentage with respect to a percentage of the outstanding Common Shares, shall mean 17% or, if greater, that percentage of the outstanding Common Shares equal to 0.01% more than the highest percentage of the outstanding Common Shares Beneficially Owned by any Person as of the Close of Business on April 9, 2009.

Examples of Triggering Percentage in a sentence

The Rights will be redeemable at the Company’s option for $0.001 per Right (payable in cash, Common Shares or other consideration deemed appropriate by the Board) at any time on or prior to the 10th business day (or such later date as may be determined by the Board) after the public announcement that an Acquiring Person has acquired beneficial ownership of the Triggering Percentage or more of the Common Shares.
Exchange Provision: At any time after the date on which an Acquiring Person beneficially owns the Triggering Percentage or more of the Common Shares, the Board may exchange the Rights (except for Rights that have previously been voided as set forth above), in whole or in part, for Common Shares at an exchange ratio of one Common Share per Right (subject to adjustment).
If an Acquiring Person obtains beneficial ownership of the Triggering Percentage or more of the Common Shares, then each Right will entitle the holder thereof to purchase, for the Exercise Price, a number of Common Shares (or, in certain circumstances, cash, property or other securities of the Company) having a then-current market value of twice the Exercise Price.
Flip-In Trigger: If an Acquiring Person obtains beneficial ownership of the Triggering Percentage or more of the Common Shares, then each Right will entitle the holder thereof to purchase, for the Exercise Price, a number of Common Shares (or, in certain circumstances, cash, property or other securities of the Company) having a then-current market value of twice the Exercise Price.
Any Person who desires to eﬀect any acquisition of Common Stock or other securities of the Company that might, if consummated, result in such Person Beneficially Owning the Triggering Percentage or more of the Common Stock then-outstanding (or, in the case of an Existing Holder, one or more additional shares of Common Stock) (a “Requesting Person”) may request that the Board grant an exemption with respect to such acquisition under this Agreement (an “Exemption Request”).

More Definitions of Triggering Percentage

Triggering Percentage means 12.5%.

Triggering Percentage means 11%.

Triggering Percentage means 10 percent (or 20 percent in the case of a Person who is a 13G Institutional Investor). (fff) “Triggering Event” means any Section 11(a)(ii) Event or Section 13 Event.

Triggering Percentage means 20%.

Triggering Percentage means, at any time, the lowest percentage of Aggregate Beneficial Ownership that would result in (A) a "Trigger Event" as defined in the Rights Agreement dated as of May 14, 1998 between Company and ChaseMellon Shareholder Services, L.L.C. as amended and in effect on the date hereof (the "Rights Agreement") or (B) any "Change of Control" (or similar term) as defined in the Loan Agreement, the indenture for the Convertible Notes, or any lease, credit, employment or other agreement to which Company or a subsidiary of Company is a party as of the date of this Agreement, the occurrence of which would require Company or a subsidiary of Company to make any payment to any other Person or otherwise materially and adversely affect Company or a subsidiary of Company, (ii) "Adjustment Number" means, at any time, a number of shares of Common Stock which, if subtracted from the number of shares of Common Stock for which this Warrant, but for the provisions of this Section 2.5, otherwise would be exercisable at such time, would cause the Aggregate Beneficial Ownership to be an amount equal to the Triggering Percentage at such time, minus one-tenth of one percent (.10%), and (iii) "Aggregate Beneficial Ownership" means the aggregate beneficial ownership of shares of Common Stock by Hold▇▇ ▇▇▇ all Affiliates and Associates (as such terms are defined in the Rights Agreement).

Triggering Percentage means 15% (zzz) “Trust” shall have the meaning set forth in Section 24(e) hereof. (aaaa) “Trust Agreement” shall have the meaning set forth in Section 24(e) hereof. (bbbb) “13D Event” shall have the meaning set forth in Section 1(a) hereof. (cccc) “13G Investor” shall have the meaning set forth in Section 1(a) hereof. SECTION

Triggering Percentage means 4.99 percent.