Initial Percentage definition

Initial Percentage means the percentage of then Total Voting Power of the Company represented by the Voting Securities held by a Stockholder at the time of the consummation of the Company's initial public offering.

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Initial Percentage means the percentage of issued and outstanding Common Stock represented immediately after the Closing by the shares issued pursuant to the Purchase Agreement and the Loan Agreement.

Initial Percentage means the percentage specified as such in Part XI of the Schedule.

Examples of Initial Percentage in a sentence

In consideration of the Non-IP Contribution, the Company shall, at the Closing, (i) issue Units to the MCK Contributors representing an aggregate Membership Percentage equal to the Non-IP Initial Percentage, subject to adjustment as set forth herein, and MCK shall cause the MCK Contributors to accept such Units, and (ii) admit each MCK Contributor as a Member, with the rights, powers, obligations and duties set forth in the LLC Agreement (the “Non-IP Membership Consideration”).
If the Board of Directors determines that additional capital is required to fund any Necessary Expenditures, then the Board of Directors shall deliver a notice (a “Mandatory Capital Notice”) to each Class A Member describing the Necessary Expenditures and setting forth each Class A Member’s mandatory Capital Contribution for such Necessary Expenditures, which in all cases shall be pro rata in accordance with Initial Percentage Interests (a “Mandatory Contribution”).
Thereafter, such contributions shall be divided among them pro rata in accordance with their respective Initial Percentage Interests.
Each Member shall be personally liable to the other Members (but not to any third parties) for its pro rata share of the Company liabilities (such share to be determined as of the time the liabilities are incurred) based on its Initial Percentage Interest in the Company.
Agent shall deliver notice of its receipt of the Notice of Revolving Advance to each Revolving Lender on or before 11:00 a.m. (California time) on the Business Day prior to the date of the proposed Revolving Advance, and each of the other Revolving Lenders shall wire its Initial Percentage of such Revolving Advance to the Disbursement Account (with notice to Agent that such wire has been made) on or before 11:00 a.m. (California time) on the date of the proposed Revolving Advance.

More Definitions of Initial Percentage

Initial Percentage means 12% of the issued and outstanding Common Stock; (vi) the "Standstill Period" shall mean, with respect to any Holder, a period of time commencing on the Effective Time of the Merger and terminating ninety (90) days after the first date following the election of PGGM's designees to EOP's Board of Trustees that no Trustee designated by PGGM pursuant to Section 7 of this Voting Agreement remains a Trustee of EOP; and

Initial Percentage means (i) in the case of each Initial Unitholder, the number of LLC Units to be held by such Initial Unitholder immediately following the Company Equity Reclassification (as defined in the Transaction Agreement) divided by the total number of outstanding LLC Units immediately following the Company Equity Reclassification and (ii) in the case of each Blocker Shareholders, the number of the total LLC Units to be held by Blocker and Blocker GP immediately following the Company Equity Reclassification in which such Blocker Shareholder holds a beneficial interest as reflected in the books and records of the Blocker divided by the total number of outstanding LLC Units immediately following the Company Equity Reclassification. The Issuer shall maintain in its books and records the Initial Percentage of each of the Initial Unitholders and the Blocker Shareholders.

Initial Percentage means the Sharing Owner's Share as at the date of this Agreement expressed as a percentage of the Property;

Initial Percentage means the percentage of Common Stock Voting Power represented immediately after the Closing by the shares of Class A Common Stock issuable upon conversion of the Preferred Stock that Ford and the Ford Affiliates acquire from the Company on the Closing Date pursuant to the Preferred Stock Purchase Agreement.

Initial Percentage means the percentage of the issued and outstanding Equity Securities owned in the aggregate by the Sellers on the date hereof giving effect to the closing of the transactions contemplated by the Membership Interest Purchase Agreement.

Initial Percentage means 20% of the Common Stock on the Closing Date, calculated on a fully diluted basis after giving effect to (i) the conversion and exercise of all outstanding warrants, options and other securities of the Company convertible or exercisable for Common Stock (whether or not such securities are then currently exercisable) and (ii) the issuance and exercise of the Warrants.

Initial Percentage means, for a particular Participant, the percentage indicated under the heading "Initial Percentage" opposite such Participant's name of Schedule I to the Plan.