Minimum Ownership Percentage definition

Minimum Ownership Percentage means ownership of at least 10% of the issued and outstanding Partnership Securities (or such lower threshold as may be mutually agreed by the Investors).

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Minimum Ownership Percentage has the meaning set forth in Section 5.2(b).

Minimum Ownership Percentage means beneficial ownership in the aggregate of not less than 5% of the shares of Common Stock outstanding as of any date, including shares of Preferred Stock on an as-converted basis.

Examples of Minimum Ownership Percentage in a sentence

If any Investor and its Affiliates cease to collectively hold a Minimum Ownership Percentage, the size and composition of the Board of Directors shall be determined by the Investors that, together with their respective Affiliates, continue to hold a Minimum Ownership Percentage.
The Option may be exercised by HNC (or any HNC Entity to which all or any part of the Option has been assigned) for a number of shares equal to or less than the number of shares that are necessary for the HNC Entities to maintain, in the aggregate, the Minimum Ownership Percentage.
Notwithstanding the foregoing, HNC shall not be entitled to exercise the Option in connection with the Initial Public Offering of the Common Stock by Retek if, upon the completion of the Initial Public Offering, including the full exercise of all underwriters' over-allotment options, HNC owns at least the Minimum Ownership Percentage (without regard to clause (i)(c) of the definition of the Minimum Ownership Percentage).
In the event that the Founders cease to have the Sterling Minimum Ownership Percentage, one of the Sterling Directors shall offer its resignation as a Director to the Board and Sterling shall thereafter be entitled to designate only one (1) Sterling Director, who may be removed and/or replaced at any time and from time to time without cause by the Founders, and for so long as Executive is the Chief Executive Officer of Laureate, Sterling shall be entitled to appoint Executive as an additional Director.
In the event any Institutional Purchaser owns less than the Minimum Ownership Percentage at any time following the Closing, such Institutional Purchaser shall lose its right to nominate a person to the Board pursuant to this Section 11(c)(i).

More Definitions of Minimum Ownership Percentage

Minimum Ownership Percentage means ten percent (10%) of the total number of Ordinary Shares then outstanding, which shall be calculated without taking into account (a) any Securities issued after the date of this Agreement pursuant to a New Issuance Exception or (b) (i) any Securities issued after the date of this Agreement that are not Ordinary Shares or (ii) any Ordinary Shares issued upon the conversion, exchange or exercise of such Securities;

Minimum Ownership Percentage means ten percent (10%) of the total number of Ordinary Shares then outstanding;

Minimum Ownership Percentage has the meaning set forth in Section 4(f).

Minimum Ownership Percentage means the ownership of such number of: (i) shares of Capital Stock of Retek to the extent, and only to the extent, necessary for HNC to maintain all of the following: (a) control of Retek (within the meaning of Section 368(c) of the Internal Revenue Code of 1986, as amended (the "Code")); (b) the status of Retek as a member of the affiliated group of corporations (within the meaning of Section 1504 of the Code) of which HNC is the common parent, provided such status has theretofore been maintained; and (c) HNC's then-existing Ownership Percentage; and (ii) shares of any non-voting Capital Stock of Retek to the extent, and only to the extent, necessary to own eighty percent (80%) of each outstanding class of such stock.

Minimum Ownership Percentage means the Management Ownership Percentage that must be held by each Management Stockholder during each year beginning 181 days after the consummation of the IPO (“Ownership Year”), as set forth below: Any Purchased Equity shall not be considered for purposes of the definition of “Management Ownership Percentage” and shall not be subject to the limitations in this Section 5.2(b). The limitations on Transfer set forth in this Section 5.2(b) shall terminate, with respect to any Management Stockholder, if ever, at such time that such Management Stockholder ceases to be employed by the Company other than as a result of such Management Stockholder being (x) terminated for Cause or (y) resigning without Good Reason; provided that, if such employment ceases as set forth in this sentence prior to the one year anniversary of the date hereof, the limitations on Transfer set forth in this Section 5.2(b) shall not terminate with respect to such Management Stockholder until the one year anniversary of the date hereof.

Minimum Ownership Percentage means 95% of the outstanding Equity Interests of JCM minus the percentage of such outstanding Equity Interests represented by Equity Interests of JCM awarded from time to time to any officers or employees of the Borrower or its Subsidiaries under compensation plans of the Borrower and its Subsidiaries; provided, however, that the aggregate amount of such awards of Equity Interests of JCM shall not total more than 5% of the outstanding Equity Interests of JCM.

Minimum Ownership Percentage has the meaning set forth in Section 11(c)(i).