Minimum Participation. Equity stake or ownership interest with voting rights that the Qualified Operator shall have and maintain in the Concession Holder’s capital stock, amounting to twenty-five percent (25%) of the Concession Holder’s capital stock subscribed and paid for, 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. Twenty-five percent (25%) of the Concessionaire’s subscribed and paid-in corporate capital owned by the Shortlisted Operator.
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. 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. Is the shareholding equivalent to thirty five per cent (35%) of the capital stock subscribed and paid of the CONCESSIONAIRE that the Strategic Partner must have and keep as minimum in the CONCESSIONAIRE during all the concession effectiveness. This participation shall necessarily have the right to vote in the General Shareholders Meeting.
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.
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. It refers to the shareholding equal to twenty-five percent (25%) of the share capital subscribed and paid by the CONCESSIONAIRE that the Strategic Partner shall have and maintain as a minimum in the Concession for the duration of the Concession. If the Successful Bidder is a single legal entity, it must have the Minimum Participation in the CONCESSIONAIRE.
