Commonly owned definition

Commonly owned means that more than 50 percent of the

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Commonly owned means that more than 50 percent of the voting control of each member of an affiliated group is directly or indirectly owned by a common owner or owners, either corporate or non-corporate, whether or not the owner or owners are members of the affiliated group. Whether voting control is indirectly owned shall be determined in accordance with section 318 of the federal Internal Revenue Code (26 U.S.C. s.318).

Commonly owned means ownership by the same corporate entity or through either legal affiliates or partnerships other than common debt or tax equity partners.

Examples of Commonly owned in a sentence

• Commonly owned open space, as defined in Article 8 (Glossary: See “Open Space: Common”) shall not include space occupied by infrastructure such as roads, parking lots, or above ground components of sewer and water treatment plants, or area set aside for the sole use of individual residents, such as private balconies and patios.

• Commonly owned open space, as defined in Article 8 (Open Space: Common) shall not include space occupied by infrastructure such as roads, parking lots, or above ground components of sewer and water treatment plants, or area set aside for the sole use of individual residents, such as private balconies and patios.

• PC Connection Sales Corporation DE ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Commonly owned by PC Connection Merrimack Services Corporation DE ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Commonly owned by PC Connection MoreDirect, Inc.

More Definitions of Commonly owned

Commonly owned means retailer and dealer permits owned by the same:

Commonly owned means that more than eighty per cent of the voting