Minimum Ownership Threshold Test definition

Minimum Ownership Threshold Test means that, at the time of determination, the Silver Lake Group collectively Beneficially Owns at least twenty-five percent (25%) of the number of outstanding shares of Company Common Stock Beneficially Owned by the Silver Lake Group collectively immediately following the Post-Closing Syndication (assuming, at both the time of determination and immediately following the Post-Closing Syndication, the conversion of the Notes or Original Notes, as the case may be, into Class A Common Stock on a full physical basis).
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Minimum Ownership Threshold Test means that at the time of determination, the Silver Lake Group collectively Beneficially Owns four (4%) or more of the outstanding Company Common Shares (assuming the conversion of the Notes and exercise of the Warrants into Company Common Stock).
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Minimum Ownership Threshold Test means that, at the time of determination, the Specified Purchaser and/or its Affiliates collectively own a number of shares of Company Common Stock equal to at least a majority of the number of shares of Company Common Stock represented by the Shares owned by the Specified Purchaser and/or its Affiliates collectively immediately following the Closing (assuming, at both the time of determination and immediately following the Closing, the conversion of the Shares into Common Stock and excluding any shares of Company Common Stock Beneficially Owned by the Specified Purchaser and/or its Affiliates at the time of determination other than as a result of the Shares or the conversion thereof or pursuant to or in connection with the transactions contemplated by this Agreement).
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Examples of Minimum Ownership Threshold Test in a sentence

  • From and after such time that the SLA Purchaser does not satisfy the Minimum Ownership Threshold Test, the Board of Directors may provide written notice to the SLA Purchaser (with a copy to the SL Director) requesting that such SL Director tender his or her resignation from the Board of Directors, in which case, the SLA Purchaser will promptly cause the SL Director to tender his or her resignation from the Board of Directors.

  • Notwithstanding the foregoing, the SLA Purchaser shall not have a right to nominate any member to the Board of Directors pursuant to this Section 4.07(a)(i) at any time following such time as the Silver Lake Group does not satisfy the Minimum Ownership Threshold Test.

  • Notwithstanding the foregoing, the Purchaser shall not have a right to nominate any member to the Board of Directors pursuant to this Section 4.07(a)(i) from and after the date on which each of the following is satisfied: (A) the Silver Lake Group does not satisfy the Minimum Ownership Threshold Test and (B) Purchaser does not have a member of the Board of Directors that was either appointed pursuant to Section 4.07(a) or nominated pursuant to this Section 4.07(a)(i).

  • For the avoidance of doubt, this Section 4.07(b) shall automatically terminate and be of no further force or effect from and after such date that the Specified Purchaser fails to meet the Minimum Ownership Threshold Test.

  • For the avoidance of doubt, this Section 4.12 shall automatically terminate and be of no further force or effect from and after such date that the Specified Purchaser fails to meet the Minimum Ownership Threshold Test.

  • For the avoidance of doubt, this Section 4.07 shall automatically terminate and be of no further force or effect with respect to such Purchaser from and after such date that such Purchaser and/or any of its Affiliates fail to meet the Minimum Ownership Threshold Test.


More Definitions of Minimum Ownership Threshold Test

Minimum Ownership Threshold Test means that, at the time of determination, such Purchaser and/or any of its Affiliates collectively own at least a majority of the Shares initially purchased by such Purchaser at the Closing.
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Minimum Ownership Threshold Test means that, at the time of determination, the Silver Lake Group collectively Beneficially Owns at least twenty percent (20%) (provided that if pursuant to the Post-Closing Syndication the Purchaser sells, assigns, disposes of and/or transfers an aggregate principal amount of Notes equal to or in excess of $75,000,000, such percentage shall be twenty-five (25%)) of the number of outstanding shares of Company Common Stock Beneficially Owned by the Silver Lake Group collectively (i) immediately following the Post-Closing Syndication (assuming, at both the time of determination and immediately following the Post-Closing Syndication, the conversion of the Notes into Class A Common Stock on a full physical basis) or (ii) if there is no Post-Closing Syndication, immediately following the Closing (assuming, at both the time of determination and immediately following the Closing, the conversion of the Notes into Class A Common Stock on a full physical basis and excluding any shares of Company Common Stock Beneficially Owned by the Silver Lake Group at the time of determination other than as a result of the Notes or the conversion thereof or pursuant to or in connection with Section 4.16(a)).
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Related to Minimum Ownership Threshold Test

  • Ownership Threshold has the meaning specified in Section 2.1(a).

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Threshold means with respect to Party B: infinity.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $4 Billion ($4,000,000,000.00).

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • Threshold Period shall have the meaning set forth in Section 6(d).

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Class C Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class C Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Maximum horizontal acceleration in lithified earth material means the maximum expected horizontal acceleration depicted on a seismic hazard map, with a 90 percent or greater probability that the acceleration will not be exceeded in 250 years, or the maximum expected horizontal acceleration based on a site-specific seismic risk assessment.

  • Class D Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class D Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".