Minimum Participation definition

Minimum Participation means the minimum number of Shares, as set by the Board in its discretion from time to time, which a Participant may elect to be Participating Shares.

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Minimum Participation. At least 66.7% of the outstanding aggregate principal amount and at least 50.1% by number of Holdco Tranche A PIK loans held by non-insiders • Holdco Support Agreement: Certain holders of the Holdco Tranche A PIK, Holdco Tranche B PIK and the existing equity holders of Travelport Worldwide Limited will enter into a restructuring support agreement (the “Holdco Support Agreement”) in which such holders agree to support a restructuring on the terms set forth herein $347 million Holdco Tranche B PIK Loan (L+1350, PIK) due December 2016 (“Holdco Tranche B PIK”) • Equitization: Holder of Tranche B PIK loans will be offered the opportunity to exchange such loans for equity of Travelport Worldwide Limited (as set forth in the Holdco Support Agreement) • Conditions to Closing the Offer: (i) the minimum participation condition for the Tranche B PIK loans exchange offer described herein is satisfied, (ii) the Tranche 1 Loans are funded, (iii) all the conditions are met or waived for the Existing Series B 2nd Lien Notes, the 2014 Sr. Notes, and the 2016 Sr. Notes exchange offers described herein, (iv) all the conditions are met or waived for the Sub Notes consent solicitation, (v) all the conditions are met or waived for the exchange of Holdco Tranche A PIK into new equity as described herein and (vi) the minimum participation condition for the existing equity holders of Worldwide described herein is satisfied • Minimum Participation: At least 66.7% of the outstanding aggregate principal amount and at least 50.1% by numbers of Holdco Tranche B PIK loans held by non-insiders • Holdco Support Agreement: See “Holdco Support Agreement” in the terms for the Holdco Tranche A PIK for details Existing equity • Equity Issuance: Equity of Travelport Worldwide Limited will be issued to holders of the Tranche A PIK loans and Tranche B PIK loans • Amended and Restated Shareholders’ Agreement: The existing Shareholders’ Agreement will be amended to permit the equity issuance in connection with the restructuring as well as certain other amendments and will be in the form attached as Exhibit F to the Holdco Restructuring Support Agreement • Conditions to Closing the Offer: (i) the minimum participation condition for the existing equity holders of Worldwide described herein is satisfied (ii) the Tranche 1 Loans are funded, (iii) all the conditions are met or waived for the Existing Series B 2nd Lien Notes, the 2014 Sr. Notes, and the 2016 Sr. Notes exchange offers described herein, (i...

Minimum Participation means the percentage so specified in the relevant Final Terms.

Examples of Minimum Participation in a sentence

The calculation of Working Credit Limit for Virtual Transactions shall take into account applicable reductions for Minimum Participation Requirements, FTR, or other credit requirement determinants as defined in Tariff, Attachment Q.
Any participation by the Executive under this paragraph 3.1 is also conditioned upon the Executive's participation in each Program Well spudded during such Calendar Quarter in an amount equal to the Minimum Participation.
In any of these cases, the corporate purpose of the CONCESSIONAIRE shall be to develop electricity transmission activities in which the Qualified Operator is the holder of the Minimum Participation.
Either (i) (x) the Minimum Participation Condition shall have been satisfied and (y) the Supplemental Indenture Effective Date shall have occurred, or (ii) if the Minimum Participation Condition has not been satisfied, the Confirmation Order shall have been entered confirming the Prepackaged Plan and all conditions to the Effective Time occurring under the Prepackaged Plan shall have been satisfied or waived.
In the CONCESSIONAIRE’s shareholding structure, the Qualified Operator shall have and maintain the ownership of the Minimum Participation.
In any case, while there are outstanding balances on the Vendor’s Loan, the funds that PESA obtains from the transfers that leave it below the Minimum Participation shall be fully allocated to paying off the outstanding balances of the Vendor Loan as stipulated in the Vendor’s Loan agreement.
In the Concession Holder’s shareholding structure, it shall have and maintain the ownership of the Minimum Participation.
In any of these cases, the sole corporate purpose of the Concession Holder shall be to develop power transmission activities in which the Qualified Operator is the holder of the Minimum Participation.
The Department has established one Minimum Participation Level (MPL) for utilization of Minority Business Enterprises (MBEs), Women Business Enterprises (WBEs), Veteran Business Enterprises (VBEs), and Service-Disabled Veteran Business Enterprises (SDVBEs) (together referred to hereinafter as Small Diverse Businesses) subcontracts, suppliers, and manufacturers for this project which is set forth in the Notice to Bidders.
If the Minimum Participation Condition is satisfied and the Company Stockholder Approval and the Parent Stockholder Approval are obtained prior to April 8, 2021, then the provisions of Section 6.24(a)(i) of this Agreement shall apply.

More Definitions of Minimum Participation

Minimum Participation has the meaning set forth in the Term Sheet.

Minimum Participation means participation in the Consolidation by Insured I and either Insured II or Eagle.

Minimum Participation means participation in the Consolidation by two of the three Partnerships, together with the Related General Partners' agreement to proceed with the Consolidation notwithstanding the fact that there is less than 100% Participation.

Minimum Participation has the meaning set forth in Section 6(c) hereof.