Minimum Participation Condition definition

Minimum Participation Condition has the meaning given to such term in the Term Sheet.
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Minimum Participation Condition means the election by the holders of Common Units to tender at least 25.0% of the aggregate outstanding Common Units in the First Tender Offer (as defined below);
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Minimum Participation Condition. The meaning ascribed to such term in the “Summary of Terms of the Exchange Offers” section of the Term Sheet.
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Examples of Minimum Participation Condition in a sentence

  • Either (i) (x) the Minimum Participation Condition shall have been satisfied and (y) the Supplemental Indenture Effective Date shall have occurred, or (ii) if the Minimum Participation Condition has not been satisfied, the Confirmation Order shall have been entered confirming the Prepackaged Plan and all conditions to the Effective Time occurring under the Prepackaged Plan shall have been satisfied or waived.

  • That represents approximately 60% of the total capital stock, excluding from the denominator all shares owned by the State, meaning that if the Minimum Participation Condition is met, the number of Common Shares and Preferred Shares held as Units (including Units represented by Unit ADSs) will be at least 60% of the total outstanding shares of Copel held by persons other than the State.

  • Except as provided in the Transaction Support Agreements, the Secured Note Exchange Offer may not be withdrawn (other than due to the impossibility of fulfilling a condition precedent other than the Minimum Participation Condition) prior to March 31, 2016 and may not remain open after March 31, 2016.

  • Satisfaction of the Minimum Participation Condition will be determined as of the Expiration Date.

  • We considered the Minimum Participation Condition, which ensures that the Units (and the Unit ADSs) will be the principal publicly traded class of our equity securities following the Conversion Offer.

  • Since the Minimum Participation Condition was not satisfied, Holdings will not accept any Old Notes tendered for exchange, all Old Notes tendered pursuant to the Exchange Offer will be promptly returned to their holders, and the Proposed Amendments will not become operative.

  • Please advise us whether there are any conditions to the Conversion Offer other than the Minimum Participation Condition.

  • Further, the Company today announced that the Issuers have waived the Minimum Participation Condition (as defined in the Offering Memorandum) applicable to the Old 7.875% Notes.

  • Upon satisfaction of the Minimum Participation Condition, HighPoint will pay consenting holders a consent fee of $2.50 per $1,000 principal amount of HighPoint Senior Notes (the “Change of Control Consent Fee”).

  • The Partnership’s obligation to accept any Existing Notes tendered in the Exchange Offer is also subject to the satisfaction of certain customary conditions, including the Minimum Participation Condition.

Related to Minimum Participation Condition

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • 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.

  • Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of an SWLF unit.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Extension Conditions Defined in Section 3.06(a).

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

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

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • Minimum Condition has the meaning set forth in Annex I.

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • 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.

  • LC Conditions has the meaning given to such term in Section 2.9.

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

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

  • 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:

  • Maximum Tender Condition has the meaning specified in Section 2.17(b).

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Acceptance Condition means the acceptance condition to any Offer;

  • Qualifying condition means a condition described in Section 26-61a-104.

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

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibility conditions listed in Clause [5] of the Tender Document.

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

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