Controlling ownership interests definition

Controlling ownership interests means ownership of or entitlement to more than twenty five per-cent of shares or capital or profits of the company.
Sample 1Sample 2Sample 3
Controlling ownership interests means ownership of or entitlement to more than twenty
Sample 1Sample 2
Controlling ownership interests means the possession, directly or indirectly, of at least fifty-one percent (51%) ownership of the membership interests, voting securities, by contract or otherwise, in the limited liability company comprising the Tenant, together with the right and authority to direct the management activities of the Tenant. Any such assignment, encumbrance, subletting or occupancy without such consent shall be void.
Sample 1

Related to Controlling ownership interests

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

  • Voting Equity Interests means Equity Interests in a corporation or other Person with voting power under ordinary circumstances entitling the holders thereof to elect the Board of Directors or other governing body of such corporation or Person.

  • Controlling interest means: (1) an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock, or otherwise that exceeds 10 percent; (2) membership on the board of directors or other governing body of a business entity of which the board or other governing body is composed of not more than 10 members; or (3) service as an officer of a business entity that has four or fewer officers, or service as one of the four officers most highly compensated by a business entity that has more than four officers. Subsection (3) of this section does not apply to an officer of a publicly held business entity or its wholly owned subsidiaries.