Second Threshold Date definition

Second Threshold Date means the first date on which the Founding Shareholders cease to beneficially own 35% or more of the total number of shares of Common Stock outstanding.

Second Threshold Date has the meaning set forth in Section 3.2(b).

Second Threshold Date means the date on which OM plc ceases to beneficially own, directly or indirectly, at least 20% of the outstanding Ordinary Shares.

Examples of Second Threshold Date in a sentence

• From and after the Second Threshold Date and until the Final Threshold Date, at least one-ninth of the Board of Directors shall be Investor Nominees.

• From and after the Preliminary Threshold Date and until the Second Threshold Date, at least two-ninths of the Board of Directors shall be Investor Nominees.

• If any of a Second Threshold Date or Third Threshold Date occur on the same date, Xxxxxxx shall be deemed to beneficially own the lowest number of outstanding shares of Common Stock referenced in any such defined term that is applicable to such date.

• If any of a Majority Holder Date, First Threshold Date, Second Threshold Date or Third Threshold Date occur on the same date, OM plc shall be deemed to beneficially own the lowest number of outstanding Ordinary Shares referenced in any such defined term that is applicable to such date.

• The Investor shall notify Parent within five (5) Business Days of the Second Threshold Date that the Second Threshold Date has occurred and no later than two (2) Business Days after such notification, cause any and all Investor Directors to immediately resign from each of the Parent Board, all applicable committees thereof, the Parent Bank Board and all applicable committees thereof.

More Definitions of Second Threshold Date

Second Threshold Date means the date on which Xxxxxxx ceases to beneficially own, directly or indirectly, at least 20% of the outstanding shares of Common Stock.

Second Threshold Date means the first date on which the Altaris Funds cease to beneficially own 20% or more of the total number of shares of Common Stock outstanding.

Second Threshold Date means the first date on which RBS ceases to beneficially own such number of shares of Common Stock (excluding (x) any Additional Shares and (y) any Third Party Shares) representing at least 20% of the voting power of all outstanding shares of Common Stock.

Second Threshold Date means the first date on which the sum of (A) the remaining Investment of Investor (and any transferee or assignee of Investor or any group of transferees or assignees) on such date and (B) the remaining Commitment to Invest of Investor (or any transferee or assignee of Investor or group of transferees or assignees) on such date, is less than $25,000,000.00.

Second Threshold Date shall have the meaning given to it in the Stockholders Agreement.

Second Threshold Date means the first date on which the Moelis Funds cease to beneficially own 20% or more of the total number of shares of Common Stock outstanding.

Second Threshold Date means June 15, 2014.