Minimum Acceptance Clause Samples

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Minimum Acceptance. The Tender Offer shall have been validly accepted by eligible shareholders of Marel representing (when taken together with any Marel Shares acquired or agreed to be acquired by the Bidder other than through the Tender Offer) at least 90% (or, in the Bidder’s sole discretion, a lower percentage; provided, however, that such percentage shall not be reduced below 80% without the Company’s consent) of the issued and outstanding share capital and voting rights of Marel (excluding, for clarity, Marel Shares owned by any Marel Group Company) as at the Offer Closing Time and such acceptances not being withdrawn or subject to any third party consents in respect of pledges or other rights (such condition, the “Minimum Acceptance Condition”).
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. 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. 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. At or before the end of the Offer Period, EZL has a Relevant Interest in: (a) the number of Hartleys A Class Shares that represents at least 90% of the aggregate of all the Hartleys A Class Shares on issue (on a fully-diluted basis); and (b) the number of ▇▇▇▇▇▇▇▇ E Class Shares that represents at least 90% of the aggregate of all the Hartleys E Class Shares on issue.
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. 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).
Minimum Acceptance. At or before the end of the Takeover Offer Period, Purchaser has a Relevant Interest in the number of Company Shares that represents at least 90% of the aggregate of all the Company Shares on issue (on a fully diluted basis).
Minimum Acceptance. On or before the end of the offer period the bidder has a relevant interest in at least 90% of the target shares on issue and is entitled to proceed to compulsory acquisition of all outstanding target shares under the Corporations Act.