Minimum Portion definition

Minimum Portion means, with respect to a redemption of Class D Preferred Units, a number of Outstanding Class D Preferred Units immediately prior to such redemption having an aggregate Class D Stated Value of not less than $50.0 million.
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Minimum Portion means, on any date, shares of Series A Preferred Stock for which the sum of the Stated Value thereof at such time is not less than $10,000,000 (unless the aggregate sum of the Stated Value of all shares of Series A Preferred Stock that would remain outstanding after such redemption would be less than $10,000,000, in which case “Minimum Portion” means all such shares of Series A Preferred Stock then outstanding).
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Minimum Portion means the lesser of (i) $50 million in aggregate Stated Value of Series A-1 Preferred Stock and (ii) all of the Series A-1 Preferred Stock then outstanding.
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Examples of Minimum Portion in a sentence

  • A "Minimum Portion" of PBC's Shares, or a "Minimum Interest," as the case may be, means a portion of, or all of, such Shares corresponding to a number of Vested Shares equal to at least 35% of the aggregate number of Vested Basic Common Shares and Unvested Basic Common Shares then held by or allocated to all Stockholders.

  • A "Minimum Portion" of MMC's Membership Interest, or a "Minimum Interest," as the case may be, means a portion of, or all of, such Membership Interest corresponding to a number of Vested Units equal to at least 35% of the aggregate number of Vested Units and Unvested Basic Units then allocated to all Members.


More Definitions of Minimum Portion

Minimum Portion means three percent (3%) of the Membership Interests issued by the Company.
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Minimum Portion of MMC's Membership Interest, or a "Minimum Interest," as the case may be, means a portion of, or all of, such Membership Interest corresponding to a number of Vested Units equal to at least 35% of the aggregate number of Vested Units and Unvested Basic Units then allocated to all Members.
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Related to Minimum Portion

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Minimum Period means the minimum period for the Service, the initial term of which is set out on the Front Sheet and which starts on the Service Start Date; the minimum period may be renewed on agreement between you and us from time to time for further minimum periods for the same length as, or different to, the initial term.

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Minimum Percentage means 3% of the number of outstanding shares of common stock of the Corporation as provided in the most recent 1934 Act filing made by the Corporation with the SEC immediately prior to the submission of the Nomination Notice.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.