Control Requirement definition

Control Requirement means that the following persons, whether individually or in any combination, must directly own more than 50% of the Partnership Interests:
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Control Requirement means at all times, one or more of (i) NP International Real Estate Fund, LLC (as long as the same is Controlled by ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇. and/or ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇), and/or (ii) one or more of ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇. and/or ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ maintains Control of Borrower, Hotel Lessee and Mortgage Borrower.
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Control Requirement means the aggregate ownership of Buyer Shares by the Stockholders and all Persons receiving capital stock of the Company pursuant to the Contribution Agreements, in the aggregate, that possesses at least eighty percent (80%) of the total combined voting power of all classes of stock of the Buyer entitled to vote and at least eighty percent (80%) of the total number of shares of all other classes of stock of the Buyer; provided that, for such purpose, (a) the ownership of stock of the Buyer shall be determined “immediately after” the Closing of the Transaction and the Contribution Agreements (within the meaning of section 351 of the Code), and (b) all Buyer Shares issued to the Stockholders, including the Escrow Shares, shall be counted as stock of the Buyer owned by the Stockholders immediately after the Transaction.
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Examples of Control Requirement in a sentence

  • For Units in Paragraphs 73 and 89 with two or more methods specified in the Control Requirement column and that do not have a Remove from Service option, TVA shall apply to modify, renew, or obtain any applicable Title V permit as required by this Paragraph within twelve (12) months of making an election as to the method TVA will employ for the Unit.

  • For Units with the Remove from Service option in the Control Requirement column in Paragraphs 73 and 89, TVA shall apply to modify, renew, or obtain any applicable Title V permit as required by this Paragraph within twelve (12) months of electing to either install and operate FGD(s) and SCR(s), Repower to Renewable Biomass, or Retire.

  • City agrees to establish and maintain all necessary records and reports that may be necessary for reimbursement from County of Grant funds, including but not limited to the Cost Reimbursement Form (See Exhibit “F”), Activity Log (See Exhibit “H”), and the Annual Inventory Control Requirement Form (See Exhibit “F”) which must be submitted to County by June 30, 2014.

  • The term "Minimum Ownership and Control Requirement" used therein shall mean that at all time any of the Obligations are outstanding, ▇▇▇▇ ▇.

  • The parties intend that the Merger (i) shall be treated as a transaction that qualifies as a “reorganization” within the meaning of Section 368(a) of the Code, and (ii) in the event that the Control Requirement is satisfied shall also qualify as a non-taxable exchange of shares of Merger Partner Capital Stock for shares of Public Company Common Stock within the meaning of Section 351(a) of the Code.

  • Notwithstanding anything herein to the contrary, at any time any Excluded Account becomes subject to the Account Control Requirement, the applicable Grantor shall have forty five (45) days (or such longer period as may be agreed by the Agent) to comply with the Account Control Requirement.

  • Pursuant to Section 6.6(b) of the Note Purchase Agreement, (i) Issuer shall provide Purchaser Agent five (5) Business Days’ prior written notice before any Obligor or any of its Subsidiaries establishes any Collateral Account and (ii) such Obligor shall meet the Account Control Requirement with respect to such Collateral Account prior to the establishment of such Collateral Account.

  • The holding of approval rights over decisions of EIFN or Starwood, respectively, by any Persons holding direct or indirect interests in EIFN or Starwood, respectively, shall not violate the EIFN Control Requirement, in the case of EIF, or the Starwood Control Requirement, in the case of Starwood.

  • In addition, the holding of approval rights over decisions of USPF by any Persons or entities holding direct or indirect interests in USPF shall not violate the USPF Control Requirement.

  • Part No Customer Control Requirement First Article Inspection, AS 9102, per Airbus A1074.


More Definitions of Control Requirement

Control Requirement means the requirement set forth in Section 368(a)(2)(E)(ii) of the Code.
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