Requisite Percentage definition

Requisite Percentage shall have the meaning set forth in Section 23(c)(i) hereof.
Requisite Percentage means, at least a majority of the aggregate outstanding principal amount of the Notes issued pursuant to the Note Purchase Agreement
Requisite Percentage means at least twenty-five percent (25%) of the aggregate voting power of the then issued and outstanding Shares, which Shares are certified pursuant to Section 2.5(c)(ii)(G) to be included in the Demanding Person’s Net Long Shares.

Examples of Requisite Percentage in a sentence

  • Special meetings of the stockholders of the Corporation (including those called by the Secretary following receipt of a written demand or demands from Record Stockholders holding the Requisite Percentage) shall be held on such date, at such time, and at such place, if any, as shall be designated by the Board of Directors and stated in the Corporation’s notice of meeting.

  • Upon the Secretary’s finding that the Special Meeting Request meets the Requisite Percentage, the Board shall determine, with the advice of counsel, whether the request is valid under the criteria set forth in subsection (d) of this Section 2.C, and, if the request is determined to be valid, shall proceed to fix a date, time and place for the meeting, which date shall be not more than 90 days after the receipt of the Special Meeting Request.

  • The Board of Directors may postpone or reschedule any previously scheduled special meeting; provided, however, that the Board of Directors may not reschedule a special meeting called in response to a written demand or demands to call such meeting received by the Secretary from Record Stockholders holding the Requisite Percentage nor may the Board of Directors postpone such meeting beyond the Outside Date.

  • To be in proper form, a demand or demands from Record Stockholders holding the Requisite Percentage shall include the information, documents and instruments specified in Section 2(3) of these Bylaws.

  • If, following such revocation (or deemed revocation pursuant to clause (vi) of the third paragraph of this Section 3), there are unrevoked requests from Requesting Stockholders holding, in the aggregate, less than the Requisite Percentage, the Board of Directors, in its discretion, may cancel the Special Meeting.


More Definitions of Requisite Percentage

Requisite Percentage means, at least a majority of the aggregate outstanding principal amount of the Notes issued pursuant to the Note Purchase Agreement.
Requisite Percentage has the meaning set forth in Section 7.4(b).
Requisite Percentage means (i) on any Payment Date prior to the Payment Date occurring in April 2009, the sum of (x) 83.75% of the CPS Pool Balance and (y) 80.00% of the TFC/SeaWest Pool Balance as of the end of the related Collection Period, (ii) on any Payment Date from and including the Payment Date occurring in April 2009 to and including the Payment Date occurring in September 2009, the sum of (x) 84.75% of the CPS Pool Balance and (y) 81.00% of the TFC/SeaWest Pool Balance as of the end of the related Collection Period, (iii) on any Payment Date from and including the Payment Date occurring in October 2009 to and including the Payment Date occurring in March 2010, the sum of (x) 85.75% of the CPS Pool Balance and (y) 82.00% of the TFC/SeaWest Pool Balance as of the end of the related Collection Period and (iv) on any Payment Date on and after the Payment Date occurring in April 2010, the sum of (x) 86.75% of the CPS Pool Balance and (y) 83.00% of the TFC/SeaWest Pool Balance as of the end of the related Collection Period; provided, that, in the case of clauses (ii), (iii) and (iv) above, if, as of the Determination Date related to any such Payment Date, (A) the Noteholders' Principal Distributable Amount (calculated without reference to this proviso) is not equal to the Principal Distributable Amount, (B) after making the distributions pursuant to Section 5.7(a) on such Payment Date, the Specified Spread Account Requisite Amount is not then satisfied, (C) as of the first Payment Date referenced in the applicable clause (ii), (iii) or (iv) above, the Three Month Rolling Average Extension Ratio is greater than or equal to 2.25%, 2.75% and 2.25%, respectively, (D) as of the first Payment Date referenced in the applicable clause (ii), (iii) or (iv) above, the Cumulative Net Loss Rate as of the end of the Collection Period related to such first Payment Date is greater than or equal to (I) in the case of clause (ii), the sum of (a) the product of the CPS Pool Percentage and 9.50% and (b) the product of the TFC Pool Percentage and 11.50%, (II) in the case of clause (iii), the sum of (a) the product of the CPS Pool Percentage and 11.35% and (b) the product of TFC Pool Percentage and 13.35% and (III) in the case of clause (iv), the sum of (a) the product of the CPS Pool Percentage and 12.75% and (b) the product of the TFC Pool Percentage and 14.75%, (E) as of the first Payment Date referenced in the applicable clause (ii), (iii) or (iv) above, the Three-Month Rolling Average Deli...
Requisite Percentage means Noteholders representing at least 66 2/3% of the Principal Amount of the Notes.
Requisite Percentage means 85%.
Requisite Percentage shall have the meaning set forth in Section 23(c)(i) hereof. (fff) “Right” shall have the meaning set forth in the recitals to this Agreement.
Requisite Percentage means Noteholders representing at least 66 2/3% of the Principal Amount of the Notes. “Reserve Account” shall mean the account established pursuant to Section 3.5 of this Indenture.