Ownership of Obligors. (A) KEH beneficially owns, indirectly, all of the issued share capital of the Guarantors and the Borrower.
(B) The issued share capital of the Guarantors and the Borrower is fully paid up and, to the extent beneficially owned by KEH, free of all encumbrances or other third party rights (other than pursuant to the Security Documents).
Ownership of Obligors. Any Obligor (other than the Company) ceases to be a Subsidiary of the Company.
Ownership of Obligors. (A) The Guarantor beneficially owns, indirectly, all of the issued share capital of the Company.
(B) The issued share capital of the Company is fully paid up and, to the extent applicable, beneficially owned by the Guarantor, free of all encumbrances or other third party rights.
Ownership of Obligors. At all times (unless the Lenders have provided their written consent):
(a) the Parent shall own, directly or indirectly, 100% of the membership interests in the Borrower and each Owner;
(b) at all times prior to any Permitted IPO, the Permitted Holder shall own, directly or indirectly, at least 40% of the share capital in the Parent;
(c) the managing member of an Owner shall be the Borrower; and
(d) the managing member of the Borrower shall be the Parent.
Ownership of Obligors. Each Obligor and each Material Subsidiary is a wholly-owned direct or indirect Subsidiary of Blue or the Company, other than Coca-Cola HBC Switzerland Ltd which is a 99.91 per cent. owned direct or indirect Subsidiary of Blue or the Company.
Ownership of Obligors. Permit MLP Parent to own, directly or indirectly, less than 100% of the Equity Interests of each Obligor except as a result of a permitted Disposition.
Ownership of Obligors. (a) Any Obligor (other than the Parent) ceases to be a wholly owned Subsidiary of the Parent (or, in the case of CEMEX España or CEMEX Concretos, S.A. de C.V., the Parent’s percentage indirect shareholding in CEMEX España or CEMEX Concretos, S.A. de C.V. is reduced from the percentage as at the date of this Agreement) except if it is the subject of a Third Party Disposal.
(b) Either of the following events occurs:
(i) a Change of Control; or
(ii) the sale of all or substantially all of the assets of the Group whether in a single transaction or a series of related transactions.
Ownership of Obligors. Permit MLP Parent to own, directly or indirectly, less than 100% of the Equity Interests of each Obligor except as a result of a permitted Disposition; provided, that for so long as the Refinery Asset Borrowing Base Component is greater than $0, MLP Parent shall own, directly or indirectly, 100% of the Equity Interests of Calumet Montana.
Ownership of Obligors. (a) The Coustas Family (and/or any funds controlled by the Coustas Family) ultimately beneficially own at least 15 per cent and one share of the issued voting share capital of the Borrower.
(b) The Coustas Family have the power to cast at a general meeting of the Borrower at least 15 per cent and one share of the maximum number of votes of the issued voting share capital that might be cast at a general meeting of the Borrower.
(c) Dx Xxxx Xxxxxxx is both the Chief Executive Officer of the Borrower and a director of the Borrower.
(d) No one or more persons (who are not members of the Coustas Family) acting in concert controls the Borrower.
(e) Dx Xxxx Xxxxxxx and Danaos Investment Limited own 80% of the capital stock and/or voting rights in the Manager of each Ship and/or control of such Manager.
(f) Each Guarantor is a wholly owned direct Subsidiary of, and is controlled by, the Borrower.
Ownership of Obligors. All of the outstanding limited liability company interests or shares, as the case may be, of each of the Original Guarantors is, and each Additional Guarantor shall be, directly or indirectly owned and controlled by the Borrower, and none of the Guarantors (except for Eagle Shipping International (USA) LLC) has any direct or indirect Subsidiaries.
