Limitation Threshold definition
Limitation Threshold shall have the meaning ascribed to it in Section 1.3(a).
Limitation Threshold means two percent (2%) of the total outstanding Equity Securities in any Identified Company Competitor on an as-converted and fully-diluted basis; provided that, in the event that such any Investor and/or any of its Investor Affiliates directly and/or indirectly hold more than two percent (2%) of the total outstanding Equity Securities in any Identified Company Competitor on an as-converted and fully-diluted basis due to any investment that already exists before the later date of (i) the date on which such Investor becomes a shareholder of the Company, or (ii) the date on which such Identified Company Competitor is first listed in Exhibit D-2 (as duly updated from time to time) (such later date, the “Relevant Date”), then the “Limitation Threshold” shall mean, with respect to such Investor only, the shareholding percentage of such Investor and/or any of its Investor Affiliates in such Identified Company Competitor on an as-converted and fully-diluted basis as of the Relevant Date, and the ownership of any equity interest by such Investor in such Identified Company Competitor on or prior to the Relevant Date shall not be regarded as a breach or contravention of this Section 1.3(a) and the restriction in this Section 1.3(a) shall only apply to such Investor with respect to its equity interest in such Identified Company Competitor from the Relevant Date.
Limitation Threshold means ONE MILLION DOLLARS ($1,000,000).
Examples of Limitation Threshold in a sentence
Subject to Section 1.3(b), for as long as such Investor and/or any of its Investor Affiliates directly and/or indirectly hold more than the Limitation Threshold, such Investor shall not be entitled to the Information Rights and the Inspection Rights.
More Definitions of Limitation Threshold
Limitation Threshold means TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000).