Minimum Beneficial Ownership Amount definition

Minimum Beneficial Ownership Amount means an amount no less than fifteen percent (15%) of the outstanding principal amount of the Funding Loan.

Minimum Beneficial Ownership Amount means the greater of (a) $250,000; or(b) 15% of the outstanding principal amount of the Funding Loan.

Minimum Beneficial Ownership Amount means the greater of (a) $250,000; or(b) the full outstanding principal amount of the Funding Loan, if such principal amount is less than$250,000.

Examples of Minimum Beneficial Ownership Amount in a sentence

• Notwithstanding the other provisions of this Section 2.6, no beneficial ownership interest in the Governmental Lender Note and Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount.

• Notwithstanding the other provisions of this Section 2.6, no beneficial ownership interest in the Governmental Lender Notes and Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount.

• Notwithstanding the other provisions of this Section 2.6, no beneficial ownership interest in the Governmental Lender Note and Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount; provided, however, that beneficial ownership interests in the Governmental Lender Note and the Funding Loan of CCRC’s member banks as participants in its tax exempt loan pool may be held under any amount without regard to the Minimum Beneficial Ownership Amount.

• Notwithstanding the other provisions of this Section 2.6, no beneficial ownership interest in the Governmental Lender Notes and Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount; provided, however, that beneficial ownership interests in the Tax Exempt Governmental Lender Note and the related Funding Loan of CCRC’s member banks as participants in its tax exempt loan pool may be held in any amount without regard to the Minimum Beneficial Ownership Amount.

• Notwithstanding the other provisions of this Section 2.4, no beneficial ownership interest in the Governmental Lender Note and Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount.

• Notwithstanding the other provisions of this Section 2.6, no beneficial ownership interest in the Governmental Lender Notes and Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount; provided, however, that beneficial ownership interests in the Tax-Exempt Governmental Lender Note and the related Funding Loan of CCRC’s member banks as participants in its tax exempt loan pool may be held in any amount without regard to the Minimum Beneficial Ownership Amount.

• Notwithstanding the other provisions of this Section 2.6, no beneficial ownership interest in the Governmental Note and Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount.

• Notwithstanding the other provisions of this Section 2.6, no beneficial ownership interest in a Governmental Lender Note and the corresponding portion of the Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount.

• Notwithstanding the other provisions of this Section 2.6, no beneficial ownership interest in the LACDA Notes and Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount; provided, however, that beneficial ownership interests in the Tax-Exempt LACDA Note and the related Funding Loan of CCRC’s member banks as participants in its tax exempt loan pool may be held in any amount without regard to the Minimum Beneficial Ownership Amount.

• Notwithstanding the other provisions of this Section 2.6, no beneficial ownership interest in a Governmental Lender Note and a Funding Loan shall be sold in an amount that is less than the Minimum Beneficial Ownership Amount.

More Definitions of Minimum Beneficial Ownership Amount

Minimum Beneficial Ownership Amount means an amount no less than fifteen percent (15%) of the outstanding principal amount of the Governmental Lender Notes.

Minimum Beneficial Ownership Amount means an amount no less than fifteen percent (15%) of the outstanding principal amount of the Governmental Lender Note.

Minimum Beneficial Ownership Amount means an amount of no less than ten percent (10%) of the outstanding principal amount of the Funding Loan.

Minimum Beneficial Ownership Amount means $250,000.

Minimum Beneficial Ownership Amount means $100,000. “Moody’s” shall mean Xxxxx’x Investors Service, Inc., or its successor.

Minimum Beneficial Ownership Amount means an amount not less than fifteen percent (15%) of the aggregate outstanding principal amount of the Funding Loan.