Minimum Share Sample Clauses

The Minimum Share clause establishes the lowest percentage or amount of participation, ownership, or entitlement that a party must maintain under an agreement. In practice, this clause might require a shareholder to retain at least a certain percentage of shares in a company, or ensure that a distributor is allocated a minimum portion of available products. Its core function is to guarantee a baseline level of involvement or benefit for a party, thereby preventing dilution of interest or ensuring a minimum level of commitment or supply.
Minimum Share. It is the shareholding or percentage of voting shares that the Qualified Operator must have and maintain in the Concessionaire's capital stock, which amounts to twenty-five percent (25%) of the Concessionaire's subscribed and paid-in capital stock, for the term stipulated in the Agreement.
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Minimum Share. The Contractor is entitled to a minimum of twenty five 17 percent (25%) of Revenue earned and received from the sale of Recyclable 18 Materials. Commencing with the month immediately following the month in 19 which Contractor has paid the Authority the Revenue Guarantee, Contractor 20 will be entitled to retain twenty five percent (25%) of Revenue received 21 thereafter in that Rate Year, paying the Authority seventy five percent (75%) 22 of Revenue monthly. Contractor’s entitlement to twenty five percent (25%) of 23 a portion of the Revenue paid to Authority in the month in which the Revenue 24 Guarantee was attained will be determined and paid within 60 days after the 25 end of the Rate Year.
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Minimum Share. It refers to twenty-five percent (25%)of the subscribed and paid capital by the Concessionaire corresponding to the Qualified Operatorto be maintained in force for a time period between the Closure Date and ten (10) years after the Commercial Commissioning of the Power Line. The Qualified Operator may not assign political rights and property to third parties, derived from itsMinimum Shareor limit its exercise. The aforementioned percentage must be maintained in the case of capital increase.
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Related to Minimum Share

  • Minimum Shareholders’ Equity The Borrower will not permit Shareholders’ Equity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Ninth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

  • Minimum Payment Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Minimum Adjustment The adjustments required by the preceding sections of this Article IV shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Exercise Price or the number of shares of Common Stock issuable upon exercise of the Warrants that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases by at least 1% the Exercise Price or the number of shares of Common Stock issuable upon exercise of the Warrants immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount shall be carried forward and made as soon as such adjustment, together with other adjustments required by this Article IV and not previously made, would result in a minimum adjustment. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence. In computing adjustments under this Article IV, fractional interests in Common Stock shall be taken into account to the nearest one-hundredth of a share.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.