Beneficial Ownership of Common Interest definition

Beneficial Ownership of Common Interest means, as of a particular time, the fraction, expressed as a percentage, the numerator of which is the aggregate number of REIT Shares beneficially owned by any of the Carlyle Limited Partners, and the denominator of which is the total number of REIT Shares then outstanding, in each case, calculated without giving effect to the potential exercise of any options, warrants, or rights to acquire REIT Shares or securities convertible into REIT Shares, except that it shall be calculated by assuming that all of the Common Units then held by the Carlyle Limited Partners had been redeemed under Section 15.1, that the Specified Redemption Date had occurred, the Partnership had paid such Redemption entirely in REIT Shares applying the Adjustment Factor in effect at such time and that the Carlyle Limited Partners continued to hold all of such REIT Shares and calculated as if such Redemption in full were possible even if some event or circumstance would not have then permitted such Redemption in full to have occurred under Section 15.1 (such as the particular time being prior to the end of the Twelve-Month Period or if such Redemption in full would have caused the Ownership Limit to be exceeded or some other condition were not obtained) .
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Beneficial Ownership of Common Interest means, as of a particular time, the fraction, expressed as a percentage, the numerator of which is the aggregate number of REIT Shares beneficially owned by any of the Carlyle Limited Partners, and the denominator of which is the total number of REIT Shares then outstanding, in each case, calculated without giving effect to the potential exercise of any options, warrants, or rights to acquire REIT Shares or securities convertible into REIT Shares, except that it shall be calculated by assuming that all of the Common Units then held by the Carlyle Limited Partners had been redeemed underSection 15.1, that the Specified Redemption Date had occurred, the Partnership had paid such Redemption entirely in REIT Shares applying the Adjustment Factor in effect at such time and that the Carlyle Limited Partners continued to hold all of such REIT Shares and calculated as if such Redemption in full were possible even if some event or circumstance would not have then permitted such Redemption in full to have occurred under Section 15.1 (such as the particular time being prior to the end of the Twelve-Month Period or if such Redemption in full would have caused the Ownership Limit to be exceeded or some other condition were not obtained) .
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Examples of Beneficial Ownership of Common Interest in a sentence

  • The nomination and other rights of the Carlyle Limited Partners set forth in this Section 8.7 shall automatically terminate at such time as the Carlyle Limited Partners cease to hold at least a 10% Beneficial Ownership of Common Interest.

Related to Beneficial Ownership of Common Interest

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Beneficial Ownership shall have the meanings set forth in Rule 13d-3 promulgated under the Exchange Act (as defined below) as in effect on the date hereof.

  • Beneficial Ownership Certification means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • Beneficial Ownership Regulation means 31 C.F.R. § 1010.230.

  • Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Certificate of Beneficial Ownership means, for each Borrower, a certificate in form and substance acceptable to Agent (as amended or modified by Agent from time to time in its sole discretion), certifying, among other things, the Beneficial Owner of such Borrower.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Preferred Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Potential Beneficial Owner means a customer of a Broker-Dealer or a Broker-Dealer that is not a Beneficial Owner of APS but that wishes to purchase such shares, or that is a Beneficial Owner that wishes to purchase additional APS.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Beneficial Owner and “Beneficial Ownership” shall have the meanings set forth in Rule 13d-3 promulgated under the Exchange Act (as defined below) as in effect on the date hereof.

  • Beneficial Ownership Limitation shall have the meaning set forth in Section 4(d).

  • Beneficial Owners means Persons who Beneficially Own the referenced securities.

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Aggregate Voting Interests The aggregate of the Voting Interests of all the Certificates under this Agreement.

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.