Minimum Ownership Threshold definition
Minimum Ownership Threshold shall have the meaning set forth in Section 4.07(a).
Minimum Ownership Threshold means (A) for purposes of Multiple Director Nomination Right, the beneficial ownership of at least ten percent (10%) of the then outstanding Common Stock, (B) for purposes of a Fundamental Corporate Transaction Approval Right, the beneficial ownership of at least ten percent (10%) of the then outstanding Common Stock, and (C) for purposes of a Single Director Nomination Right, the beneficial ownership of at least five percent (5%) of the then outstanding Common Stock, in each case on a fully diluted basis.
Minimum Ownership Threshold means that Centerbridge and its Affiliates collectively continue to Beneficially Own at least 3,300,000, in aggregate, of Equity Securities comprising either, or a mixture of, (i) Senior Preferred Shares or (ii) Common Shares issued upon conversion of the Senior Preferred Shares, in each case as equitably adjusted for any stock split, reverse stock split, recapitalization or similar event.
Examples of Minimum Ownership Threshold in a sentence
During the Cooperation Period, if ▇▇▇▇▇▇▇▇ West fails at any time after February 28, 2025 to satisfy the Minimum Ownership Threshold, ▇▇▇▇▇▇▇▇ West shall cause ▇▇.
Within two (2) business days after February 28, 2025, after the end of each financial quarter of the Company and after receipt of the Company’s reasonable written request from time to time, ▇▇▇▇▇▇▇▇ West shall confirm to the Company in writing that it continues to meet the Minimum Ownership Threshold.
More Definitions of Minimum Ownership Threshold
Minimum Ownership Threshold means collective beneficial ownership (as determined under Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) of the lesser of (i) 187,500 shares of Common Stock (subject to proportionate adjustment in the event of splits, combinations or reclassifications) or (ii) a number of Common Shares and shares or rights convertible or exercisable into Common Shares, including the Warrants (whether or not presently convertible or exercisable) that, in the aggregate, are convertible or exercisable into and/or equal at least 4.25% of the then-outstanding Common Stock (on an as-converted and as-exercised basis).
Minimum Ownership Threshold means beneficial ownership of Common Stock representing at least 2.5% of the Company’s then issued and outstanding Common Stock (subject to adjustment for stock splits, reclassifications, combinations and similar events);
Minimum Ownership Threshold means, at any time, 9.0% of the issued and outstanding shares of Company Common Stock as of such time (as equitably adjusted for any stock split, reverse stock split, recapitalization or similar event with respect to the Company Common Stock).
Minimum Ownership Threshold means 10% of the then outstanding Voting Securities.
Minimum Ownership Threshold means that the GP Parties hold, in the aggregate, directly or indirectly, more than 10.0% of the then outstanding Voting Securities;
Minimum Ownership Threshold means, as of any date, collective Beneficial Ownership by H.I.G. Group of shares of Company Common Stock representing at least 30% of the Series A Preferred Stock of the Company originally issued to Purchaser pursuant to this Agreement.
Minimum Ownership Threshold means that the Investor beneficially owns, directly or indirectly, at least the lesser of (x) 10% of the then-outstanding shares of Common Stock and (y) 855,070 shares of Common Stock;