Mini and Other Partial Bids definition

Mini and Other Partial Bids means, except where otherwise exempt under Section VI.A, a transaction or series of transactions in which an Offeror, its Associates, or any Person Acting Jointly or in Concert with the Offeror, directly or indirectly, acquires or intends to acquire, Equity Securities of an Offeree Issuer in a situation that does not require a Mandatory Bid and is not a Voluntary Any and All Bid. A Mini and Other Partial Bid could be an Insider Takeover or Merger Transaction. For the avoidance of doubt, if as a result of the Closing of the Takeover Bid, the Offeror would have Beneficial Ownership of 50% or more of the voting power or value of the shares of the Offeree Issuer, then the bid is not a Mini or Other Partial Bid and the Offeror is required to make a 50% Threshold Mandatory Bid.

Examples of Mini and Other Partial Bids in a sentence

  • Paragraph (a) does not prohibit an Offeror from acquiring securities under the terms of an Issuer Bid that, if not acquired, would constitute less than a Standard Trading Unit for the security holder.[Comment: The only permissible third party partial bids are Mini and Other Partial Bids, which include, for example, a bid that would result in the Offeror holding less than 30% of the Offeree Issuer’s shares.

  • Interpretative Note: The only permissible third party partial bids are Mini and Other Partial Bids, which include, for example, a bid that would result in the Offeror holding less than 50% of the Offeree Issuer’s shares.

Related to Mini and Other Partial Bids

  • Prior Lenders means, collectively, the lenders party to the Prior Credit Agreement.

  • Tranche A Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche A Loans.

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Total Revolving Exposure means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Lenders means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Facility Exposure means, at any date of determination, the sum of the aggregate principal amount of all outstanding Advances and the Available Amount under all outstanding Letters of Credit.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $300,000,000.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Tranche B Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche B Loans.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Revolver Commitments means the aggregate amount of such commitments of all Lenders.

  • Supermajority Lenders means, at any time, Lenders having Credit Exposure and unused Commitments representing at least 66 2/3% of the sum of the total Credit Exposure and unused Commitments at such time.

  • Total Commitments at any time, the aggregate amount of the Commitments then in effect.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Maximum line current means the root-mean-square current in the supply line of an x-ray machine operating at its maximum rating.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Maximum Swingline Amount means $5,000,000.

  • Aggregate Commitments means the Commitments of all the Lenders.