Statutory Threshold definition

Statutory Threshold shall having the meaning set forth in Article Tenth of the Certificate of Incorporation.
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Statutory Threshold means $200 or such higher amount as is prescribed;”.
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Statutory Threshold means the ownership percentage of outstanding voting securities provided in PUHCA, or any successor statute of similar import, or the FPA, or any successor statute of similar import, that would deem a Person to be an "affiliate," a "subsidiary company" or a "holding company" (as each such term is defined in PUHCA), or to cause a Person to be subject to regulation under PUHCA or the FPA (it being understood that as of October 2000, the Statutory Threshold under PUHCA is equal to five percent (5%) of the outstanding voting securities of the Company).
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Examples of Statutory Threshold in a sentence

  • Upon confirmation of such facts, which such confirmation shall not be unreasonably withheld or delayed, Owner shall no longer be required to treat such HTSP Unit(s) as HTSP Unit(s) but must convert the rents of those units to the 50 percent tax credit rent limit; provided that more restrictive threshold, selection priority or funding requirements, if any, do not apply (e.g., Statutory Threshold elections).

  • In the event that a Shareholder Entity's share ownership (including voting and Non-Voting Stock) in the Company falls below the Statutory Threshold, all shares of Non-Voting Stock held by such Shareholder Entity shall automatically convert back to voting common stock and this Agreement shall terminate with respect to such Shareholder Entity.