De Minimis Investment definition

De Minimis Investment has the meaning set forth in Section 5.29(b)(i).
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De Minimis Investment means an investment in a Person in which the Restricted Entities collectively hold less than 10% of the outstanding voting securities or similar equity interest in the case of a private company, or less than 5% of the outstanding voting securities or similar equity interest in the case of a publicly traded company, so long as no Restricted Entity is represented or has a right to representation or nomination on the board of directors or management of such Person.
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De Minimis Investment. Any investment by the Borrower in the capital stock or other equity interest of another Person made for strategic reasons relating to the Borrower's biotechnology business; provided that (i) the Borrower will in no event own more than 25% of the outstanding capital stock or other equity interest of such Person, (ii) the total amount so invested by the Borrower in any one such other Person will not exceed $50,000; and (iii) the aggregate of all DE MINIMIS Investments will not exceed $250,000.
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More Definitions of De Minimis Investment

De Minimis Investment means, with respect to a Person, any minority equity investment of such Person or any of its Affiliates in any other Person (a) in which the investing Person and its Affiliates collectively hold not more than [***] of the outstanding voting securities or similar equity interests, to the extent such equity interests do not give the investing Person and its Affiliates the right to designate a majority, or such higher amount constituting a Controlling number, of the members of the board of directors (or similar governing body) of such entity, and (b) in which the aggregate annual revenue from the competing portion of the business of the Person in which the minority equity is held is less than [***], in each case where [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. the investing Person and its Affiliates do not have an active role in the management of the day-to-day operations of the business conducted by such entity.
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Related to De Minimis Investment

  • Permitted Business Investment means any Investment made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties including:

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided that:

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Capital investment means an investment in real property, personal property, or both, at a

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.