Minimum acceptance Clause Samples
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Minimum acceptance. As of the expiration of the Acceptance Period, the sum of the number of (i) tendered Company Shares for which no withdrawal has been declared in a legally effective way, (ii) Company Shares held by the Bidder or persons acting jointly with the Bidder pursuant to Section 2 para. 5 German Takeover Act, (iii) Company Shares that are attributed to the Bidder or any of its parent companies pursuant to Section 30 German Takeover Act and (iv) Company Shares that are attributed to the Bidder or any of its Affiliates pursuant to Section 34 German Securities Trading Act equals at least 65% (in words: sixty five per cent) of the Company Shares, other than the Treasury Shares, that are issued as of the expiration of the Acceptance Period (the “Minimum Acceptance Condition”). Skadden, Arps, Slate, ▇▇▇▇▇▇▇ & ▇▇▇▇ LLP
Minimum acceptance. At or before the end of the Offer Period, the Bidder has a Relevant Interest in such number of Target Shares which represents at least 90% of the aggregate of all the Target Shares on issue at the end of the Offer Period.
Minimum acceptance. At or before the end of the Offer Period, Mosman has a Relevant Interest in such number of Target Shares which represents at least 90% of the aggregate of all the Target Shares on issue at the end of the Offer Period.
Minimum acceptance at the end of the Offer Period, Brookfield Sub has (together with its associates) relevant interests in at least 50.1% of the Asciano Shares (on a fully diluted basis).
Minimum acceptance. At the end of the Offer Period, Bidder has received valid acceptances of the Offers in respect of at least 75% (by number) of the Non- Associated Shares.
Minimum acceptance. The Offer shall on or prior to the expiration of the Offer Period have been accepted by shareholders of Saga Tankers representing more than 95% of the share capital and voting rights of Saga Tankers on a fully diluted basis.
Minimum acceptance. If ASIC Relief is:
(i) obtained prior to the end of the Offer Period and during, or at the end of the Offer Period, the Bidder and its Associates together have:
(A) Relevant Interests in such number of LRF1 Units which represent at least 90% (by number) of the LRF1 Units, excluding the Treasury Units; and
(B) acquired at least 75% (by number) of the LRF1 Units, excluding the Treasury Units, that the Bidder offered to acquire under the Offer; or
(ii) not obtained prior to the end of the Offer Period and during, or at the end of the Offer Period, the Bidder and its Associates together have:
(A) Relevant Interests in such number of LRF1 Units which represent at least 90% (by number) of the LRF1 Units (disregarding any Relevant Interests that the Bidder has merely because of the operation of section 608(3)(a) of the Corporations Act); and
(B) acquired at least 75% (by number) of the LRF1 Units that the Bidder offered to acquire under the Offer.
Minimum acceptance. At or before the end of the Takeover Offer Period, Intiger has a Relevant Interest in the number of Complii Shares that represents at least 90% of the aggregate of all the Complii Shares on issue (on a fully-diluted basis).
Minimum acceptance. By the end of the Offer Period, the Offeror has received acceptances to the Offer that will, on the Offer being declared unconditional and the Target Shares being transferred to the Offeror, result in the Offeror holding or controlling (i) not less than 90% of the voting rights in the Target or (ii) if the Offeror waives the condition in paragraph (i) (which it may do in its discretion), more than 50% of the voting rights in the Target.
Minimum acceptance. At the end of the Offer Period, BC Iron has a Relevant Interest in at least 90% of the IOH Shares (on a fully diluted basis).