Minimum Participation Sample Clauses
The Minimum Participation clause sets a required threshold for the number or percentage of participants needed for a particular agreement, transaction, or event to proceed. In practice, this might mean that a loan syndication will only close if a certain amount of commitments are received, or a shareholder vote is only valid if a minimum number of shares are represented. This clause ensures that actions are only taken when there is sufficient involvement or support, thereby protecting parties from proceeding under inadequate participation and ensuring legitimacy or viability of the process.
Minimum Participation. Equity stake or ownership interest with voting rights that the Qualified Operator shall have and maintain in the CONCESSIONAIRE’s capital stock, amounting to twenty-five percent (25%) of the CONCESSIONAIRE’s subscribed and paid-in capital stock during the period of time stipulated in the Contract.
Minimum Participation. Except as provided in paragraph (a) or (b) of this section, the recipient may not begin the construction or substan- tial rehabilitation of homes until 25 percent of the homes to be constructed or substantially rehabilitated under the program are contracted for sale to purchasers who intend to live in the homes and the downpayments required under § 280.45(b) have been made.
Minimum Participation. 1. This Agreement shall become effective at the time when Litigating Local Governments comprising 95% of the total Litigating Local Government population and Local Governments comprising 80% of the total population of eligible Primary Subdivisions as defined and described in in the Settlement Agreements with a population over 30,000 people sign this MOU (“MOU Effective Date”).
2. For avoidance of doubt, a list of the Litigating Local Governments and eligible Primary Subdivisions with a population over 30,000 people whose participation is required to achieve the MOU Effective Dates as set forth above is attached hereto as Exhibit 3.
Minimum Participation. It is the fifty-one percent (51%) of the Capital Stock with voting rights in the CONCESSIONAIRE that the OPERATOR must have, and such percentage must be maintained from the date of incorporation of the CONCESSIONAIRE and during the term of CONCESSION.
Minimum Participation. The Board shall determine for each pooling program, described in Section 1 above, a minimum participation for program implementation, which shall be communicated to each Member and shall establish the amount of any Maintenance Deductible upon agreement with the excess insurers involved.
Minimum Participation. Twenty-five percent (25%) of the Concessionaire’s subscribed and paid-in corporate capital owned by the Shortlisted Operator.
Minimum Participation. At all times during the term of the group policy, including all renewals and extensions, the policyholder must maintain a participation level equal to or in excess of the amounts or percentages stated as ‘Minimum Participation’ in the Schedule. • Verification of participation requirements. PacificSource may verify with the policyholder, at reasonable times that employee participation is in accordance with the terms of this policy. The policyholder agrees to provide census data, waivers of coverage, payroll records, time sheets, and/or other documents when requested by PacificSource for the purpose of confirming eligibility and participation levels of employees. • Employers with at least 51 eligible employees must enroll all eligible employees in an eligible category unless otherwise agreed to by PacificSource in writing. If PacificSource agrees to allow employees to decline coverage, then employees declining coverage must submit a written Waiver of Coverage at initial enrollment or at the time of disenrollment. The waiver must state that coverage is being declined in accordance with the terms of this policy. Failure to meet participation requirements will cause the policy’s premium to be adjusted accordingly, regardless of how long the policy has been in force. The premium adjustment will occur on the next monthly premium due date following 60 days’ notice by PacificSource. PREMIUM • Monthly premium. The monthly premium amounts and the required employer premium contribution amount or percentage for each member are included in the ‘Monthly Premium Information’ in the Schedule. • Premium modifications. PacificSource may modify premium rates on any renewal date by giving the group a 30 day prior written notice. The group may reject the modification by giving written notice to PacificSource at least 15 days before the modification is to take place. Rejection of any modification terminates this policy. Payment of premium after receiving notice of modification constitutes the policyholder’s acceptance of the change. • When premium is due. By the first day of each month while the group policy continues in effect, the policyholder will pay to PacificSource monthly premiums as follows: − Full monthly premium for each member who is enrolled for all or any part of the month except as provided below. − Prorated premium for each member who becomes enrolled after the first of the month in accordance with any policy provision that allows mid-month enrollment. The prorate...
Minimum Participation. At Closing, DUSA must receive not less than ninety percent (90%) of the issued and outstanding Sirius Shares as of the Closing Date. Each Participating Shareholder must have returned to Sirius: (a) a fully executed Subscription Agreement, substantially in the form attached hereto as Exhibit A; (b) a completed and signed investor questionnaire previously distributed by Sirius; and (c) one or more stock certificates, with completed confirmed stock powers endorsed to DUSA, representing all of the Sirius Shares beneficially owned by the Sirius Shareholder.
Minimum Participation. Stockholders holding at least 97% of the --------------------- outstanding shares of Company Capital Stock shall have executed this Agreement and be prepared to tender all of their shares of Company Capital Stock at the Closing.
Minimum Participation. Is the shareholding or percentage of participations with right to vote, that the Qualified Operator shall have and maintain in the capital stock of the Concessionaire, that amounts twenty five percent (25%) of the subscribed and paid capital stock of the Concessionaire, for the term provided in the Contract.