Minimum Equity Percentage definition

Minimum Equity Percentage shall have the meaning provided in Section 6.06.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Minimum Equity Percentage has the meaning assigned to such term in the Recitals to this Agreement.

Minimum Equity Percentage has the meaning assigned to such term in the definition of “Equity Contribution”.

Examples of Minimum Equity Percentage in a sentence

• On the Effective Date, Company will issue to Cornell such number of shares of common stock of Company as will cause Cornell to own the Minimum Equity Percentage of the capital stock of Company on a fully diluted basis on the Effective Date, assuming the exercise, conversion and exchange of all outstanding securities of Company for or into shares of common stock of Company.

• In partial consideration for the execution and delivery of the License Agreement by Cornell and subject to the terms of this Agreement, Company will sell and issue to Cornell the Purchased Shares, which will cause Cornell to own the Minimum Equity Percentage of the capital stock of Company on a Fully Diluted Basis as of the Effective Date.

• Maintain a Minimum Equity Percentage of greater than thirty-five percent (35%) for those periods measured between the Closing Date and September 29, 2008, and for the period September 30, 2008 through March 31, 2009, maintain a Minimum Equity Percentage of no less than seventeen percent (17%), as measured on a monthly basis.

• In partial consideration for the execution and delivery of the License Agreement by ▇▇▇▇▇▇▇ and subject to the terms of this Agreement, Company will sell and issue to Cornell the Purchased Shares, which will cause Cornell to own the Minimum Equity Percentage of the capital stock of Company on a Fully Diluted Basis as of the Effective Date.

• Maintain at all times a Minimum Equity Percentage greater than 22%.

• Following April 1, 2009 through the Term Maturity Date, Borrower shall not be required to maintain a Minimum Equity Percentage.

More Definitions of Minimum Equity Percentage

Minimum Equity Percentage means the percentage that has been selected by Company in Item K.

Minimum Equity Percentage means the percentage that has been selected by Company in Item H, as equitably adjusted as a result of any stock split, stock dividend, combination or other similar transaction of Company from time to time.

Minimum Equity Percentage means such percentage of the outstanding shares of Company Common Stock on a Fully Diluted Basis represented by 75% of the number of shares of Company Common Stock and/or derivative securities (including options) exercisable or convertible therefor granted to the Continuing Stockholder out of the Post-Closing Parent Stock Options, calculated at the time the Post-Closing Parent Stock Options are granted.

Minimum Equity Percentage means the percentage value of Borrower’s equity divided by Borrower’s total assets.

Minimum Equity Percentage means the relationship, expressed as a percentage, of the Company's shareholders' equity to its total assets, as determined in accordance with GAAP and shown on its financial statements required to be delivered to the Lender.

Minimum Equity Percentage means seven percent (7%) of the outstanding shares of Series A Common Stock on the date of determination (after giving effect to (i) the assumed conversion of all then-outstanding securities convertible by their terms into shares of Series A Common Stock on the date of determination and (ii) the assumed exercise of all then-outstanding securities exercisable by their terms for shares of Series A Common Stock on the date of determination).