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 means the percentage so specified in the relevant Final Terms.
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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 Restructuring Term Sheet (Cont’d) Facility / Instrument Terms $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. Note...
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Examples of Minimum Participation in a sentence

  • Complete Section 22, Attachment J, Annual Certification Form to Meet ERCOT Additional Minimum Participation Requirements, and submit in conjunction with this application, pursuant to Section 16.16.3, Verification of Risk Management Framework.

  • The Collateral and/or Unsecured Credit Allowance available to increase a Market Participant’s Credit Available for Virtual Transactions shall be the amount of Collateral and/or Unsecured Credit Allowance available after subtracting any credit required for Minimum Participation Requirements, FTR, RPM or other credit requirement determinants defined in this Attachment Q, as applicable.

  • As part of the initial risk evaluation, PJM will consider certain Minimum Participation Requirements, assign an Internal Risk Score, establish an Unsecured Credit Allowance if appropriate, and make a determination regarding required levels of Collateral, creditworthiness, credit support, Restricted Collateral and other assurances for participation in certain PJM Markets.

  • Complete Section 22 Attachment J, Annual Certification Form to Meet ERCOT Additional Minimum Participation Requirements, and submit in conjunction with this application, pursuant to Section 16.16.3, Verification of Risk Management Framework.

  • Annual Certification Form to Meet ERCOT Additional Minimum Participation.

  • I acknowledge that I have read and understood the provisions of Tariff, Attachment Q applicable to Participant's business in any PJM Markets, including those provisions describing PJM’s Minimum Participation Requirements and the enforcement actions available to PJM and PJMSettlement of a Participant not satisfying those requirements.

  • We may cancel this Policy within thirty-one (31) days of written notice prior to the date of cancellation, only: (1) if the number of Insureds is less than the Minimum Participation Number shown on the Schedule of Benefits; or(2) if the percentage of Eligible Persons insured is less than the Minimum Participation Percentage shown on the Schedule of Benefits.

  • The Participation Rate will never be less than the Minimum Participation Rate shown in Section 1.

  • On any Premium Due Date if the number of persons insured is less than the Minimum Participation shown in Coverage Features.2. On any Premium Due Date if we determine that the Policyholder has failed to promptly furnish any necessary information requested by us, or has failed to perform any other obligations relating to the Group Policy.The minimum advance notice of termination by us is 180 days.

  • On any Premium Due Date if the number of persons insured is less than the Minimum Participation shown in the Coverage Features.2. On any Premium Due Date if we determine that the Policyholder has failed to promptly furnish any necessary information requested by us, or has failed to perform any other obligations relating to the Group Policy.The minimum advance notice of such termination by us is the same as the Notice of Rate Change stated in the Coverage Features.


More Definitions of Minimum Participation

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

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Minimum Participation Requirements means a set of minimum training, risk management, communication and capital or collateral requirements required for Participants in the PJM Markets, as set forth herein and in the Form of Annual Certification set forth as Tariff, Attachment Q, Appendix 1. Participants transacting in FTRs in certain circumstances will be required to demonstrate additional risk management procedures and controls as further set forth in the Annual Certification found in Tariff, Attachment Q, Appendix 1.

  • Participation Period means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • Year of Participation means a Plan Year in which the Participant was eligible for an allocation of Employer contributions, irrespective of whether the Employer actually contributed to the Plan for that Plan Year.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Facility means any facility or property in which the Party in question or any of its Subsidiaries participates in the management and, where required by the context, said term means the owner or operator of such facility or property, but only with respect to such facility or property.

  • Participation Interest means the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.2 and in Swingline Loans as provided in Section 2.3.

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Underlying and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 9 October 2017 is 100% (in any case, it will not be below 80%).

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Direct Loan Participation means a Loan in respect of which, pursuant to a participation agreement, the Issuer is capable of creating, or procuring the creation of, a contractual right in favour of a notional protection seller that provides such notional seller with recourse to the participation seller for a specified share in any payments due under the relevant Loan which are received by such participation seller, any such agreement to be entered into between (i) such notional seller and (ii) either (A) the Issuer (to the extent the Issuer was then a lender or a member of the relevant lending syndicate), or (B) a Qualifying Participation Seller (if any) (to the extent such Qualifying Participation Seller is then a lender or a member of the relevant lending syndicate);

  • Effective date of participation means July 1, 1968, except with

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Participations shall have the meaning set forth in Section 13.1 hereof.