Minimum Portion definition
Minimum Portion means, with respect to a redemption of Class D Preferred Units, a number of Outstanding Class D Preferred Units immediately prior to such redemption having an aggregate Class D Stated Value of not less than $50.0 million.
Minimum Portion means, on any date, shares of Series A Preferred Stock for which the sum of the Stated Value thereof at such time is not less than $10,000,000 (unless the aggregate sum of the Stated Value of all shares of Series A Preferred Stock that would remain outstanding after such redemption would be less than $10,000,000, in which case “Minimum Portion” means all such shares of Series A Preferred Stock then outstanding).
Minimum Portion means the lesser of (i) $50 million in aggregate Stated Value of Series A-1 Preferred Stock and (ii) all of the Series A-1 Preferred Stock then outstanding.
Examples of Minimum Portion in a sentence
A "Minimum Portion" of PBC's Shares, or a "Minimum Interest," as the case may be, means a portion of, or all of, such Shares corresponding to a number of Vested Shares equal to at least 35% of the aggregate number of Vested Basic Common Shares and Unvested Basic Common Shares then held by or allocated to all Stockholders.
A "Minimum Portion" of MMC's Membership Interest, or a "Minimum Interest," as the case may be, means a portion of, or all of, such Membership Interest corresponding to a number of Vested Units equal to at least 35% of the aggregate number of Vested Units and Unvested Basic Units then allocated to all Members.
More Definitions of Minimum Portion
Minimum Portion means three percent (3%) of the Membership Interests issued by the Company.
Minimum Portion of MMC's Membership Interest, or a "Minimum Interest," as the case may be, means a portion of, or all of, such Membership Interest corresponding to a number of Vested Units equal to at least 35% of the aggregate number of Vested Units and Unvested Basic Units then allocated to all Members.