First Threshold Date definition

First Threshold Date means the first date on which the Founding Shareholders cease to beneficially own 50% or more of the total number of shares of Common Stock outstanding.

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First Threshold Date has the meaning set forth in Section 3.2(a).

First Threshold Date means the first date on which RBS ceases to beneficially own such number of shares of Common Stock (excluding (x) any Additional Shares and (y) any Third Party Shares) representing at least 50% of the voting power of all outstanding shares of Common Stock.

Examples of First Threshold Date in a sentence

If any of a Majority Holder Date, First Threshold Date, Second Threshold Date or Third Threshold Date occur on the same date, OM plc shall be deemed to beneficially own the lowest number of outstanding Ordinary Shares referenced in any such defined term that is applicable to such date.
From the Closing until the earlier of (i) the First Threshold Date and (ii) the Investor’s exercise of the Board Size Increase Restricted Period Termination Option, at any time at which an Investor Designee is serving as a member of the Parent Board and the Parent Bank Board, the Investor shall be entitled to designate one Investor Observer to the Parent Board and the Parent Bank Board (but, for the avoidance of doubt, not to any committees of the Parent Board or the Parent Bank Board).
Subject to earlier termination in accordance with this Agreement and the terms and conditions herein, the Option shall vest and become immediately exercisable with respect to 50% of the shares covered hereby on the First Threshold Date and 50% of the shares covered hereby on the Second Threshold Date.
Following the Closing and until the First Threshold Date, Parent shall take all action necessary to cause the size of the Parent Board and the Parent Bank Board to each be at least ten (10).
Following the First Threshold Date and until the Second Threshold Date, Parent shall take all action necessary to cause the size of the Parent Board and the Parent Bank Board to be at least five (5).

More Definitions of First Threshold Date

First Threshold Date means the first date on which OM plc ceases to beneficially own, directly or indirectly, at least 35% of the outstanding Ordinary Shares.

First Threshold Date means the first date on which the Altaris Funds cease to beneficially own 35% or more of the total number of shares of Common Stock outstanding.

First Threshold Date means the first date on which the Moelis Funds cease to beneficially own 35% or more of the total number of shares of Common Stock outstanding.

First Threshold Date means the first date on which AXA ceases to beneficially own at least 35% of the outstanding Common Stock.

First Threshold Date means the date on which AIG ceases to beneficially own at least 25% of the outstanding Common Stock.

First Threshold Date means the first date on which ING Group ceases to beneficially own at least 35% of the outstanding Common Stock.

First Threshold Date means the first date on which the number of shares of Parent Common Stock owned by the Investor and its Permitted Transferees, in the aggregate, is less than 63,282,145 (as adjusted for any stock split, reverse stock split, stock dividend, subdivision, reclassification, recapitalization, exchange or similar reorganization of shares).

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