Ownership of Operator Sample Clauses

Ownership of Operator. Operator is a limited liability company organized under the Laws of the State of Delaware. TPG LP is the sole managing member of Operator and owns at least two-thirds (2/3) of the membership interests in Operator. Madison International Realty LLC or its Affiliates collectively own up to one-third (1/3) of the membership interests in Operator and holds no approval rights over any decisions of the Operator as the Manager of the Company. TPG LP is a limited partnership organized under the Laws of the State of Maryland, the sole general partner of which is TPGI.
Sample 1
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Ownership of Operator. Attached hereto, marked as Attachment “B,” and made a part hereof by reference, is a full listing of the owners of the Operator. The Operator shall provide to the Finance Director, on an annual basis upon request, current financial statements of the Operator and each person directly or indirectly owning greater than five percent (5%) of the outstanding equity of the Operator or any owner of the Operator. It is the intention of the parties that such financial statements of the Operator and its owners are confidential and proprietary business records and are to be used solely for the purpose of investigating and examining the financial suitability of the Operator to be a lottery operator for the City. The City shall promptly notify the Operator of any request for such financial statements to be disclosed as a public record in order to give the Operator the opportunity to resist such request if it chooses to do so. Any transfer of any interest in the Operator, or the transfer of five percent (5%) or more of the outstanding equity of any entity holding an interest in the Operator in any one-year period, may be made only with the approval of the City Council.
Sample 1
Ownership of Operator. Operator is a limited partnership organized under the Laws of the State of Maryland, the sole general partner of which is TPGI. On the date hereof, Xxxxx X. Xxxxxx, his immediate family, and any entity controlled thereby, shall have beneficial ownership of not less than thirty percent ( 30%) of the securities entitled to vote generally in the election of directors of TPGI.
Sample 1

Related to Ownership of Operator

  • Conduct of Operations The Board of Directors and the General Partner shall use commercially reasonable efforts to conduct the business of the Partnership and its Affiliates in a manner that does not require a holder of Common Units to file a tax return in any jurisdiction with which the holder has no contact other than through ownership of Common Units.

  • Ownership of Other Entities Other than the subsidiaries of the Company listed in Exhibit 21 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, the Company, directly or indirectly, owns no capital stock or other equity or ownership or proprietary interest in any corporation, partnership, association, trust or other entity.

  • Ownership of the Company At all times while this Parent Guarantee Agreement is in effect and while any of the obligations of the Parent Guarantor hereunder remain outstanding, one hundred percent (100%) of the outstanding capital stock of the Company shall be owned by the Parent Guarantor.

  • Date of Operation 3.1 This Agreement remains in force until 2/7/2027. The agreement will continue to apply beyond its expiration date until it is replaced in accordance with the FW Act.

  • Ownership of Seller Credit Acceptance is the sole owner of the membership interests of the Seller, all of which are fully paid and nonassessable and owned of record, free and clear of all mortgages, assignments, pledges, security interests, warrants, options and rights to purchase.

  • Company Ownership of Other Entities The Company does not own an interest in any corporation, partnership, limited liability company, joint venture, trust or other entity.

  • TRANSFER OF OPERATIONS Purchaser shall be entitled to immediate possession of, and to exercise all rights arising under, the Assets from and after the time that the Restaurants open for business on the Closing Date, and operation of the Restaurants shall transfer at such time (the "Effective Time"). Except as expressly provided in this Agreement, all profits, losses, liabilities, claims, or injuries arising before the Effective Time shall be solely to the benefit or the risk of Seller. All such occurrences after the Effective Time shall be solely to the benefit or the risk of Purchaser. The risk of loss or damage by fire, storm, flood, theft, or other casualty or cause shall be in all respects upon Seller prior to the Effective Time and upon the Purchaser thereafter.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Statement of Operations Statement of Changes in Net Assets.

  • Ownership of Subsidiaries The Borrower will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of its Subsidiaries is a wholly owned Subsidiary.

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