Family Controlled Entity means (i) any not-for-profit corporation if more than 50% of its board of directors is composed of Redstone Family Members; (ii) any other corporation if more than 50% of the value of its outstanding equity is owned by Redstone Family Members; (iii) any partnership if more than 50% of the value of its partnership interests are owned by Redstone Family Members; and (iv) any limited liability or similar company if more than 50% of the value of the company is owned by Redstone Family Members. The term “Family Controlled Trust” includes certain trusts existing on December 3, 2014 and any other trusts the primary beneficiaries of which are Redstone Family Members, spouses of Redstone Family Members and/or charitable organizations, provided that if the trust is a wholly charitable trust, more than 50% of the trustees of such trust consist of Redstone Family Members.
Family Controlled Entity means: (i) any not-for-profit corporation if more than 50% of its board of directors is composed of Redstone Family Members; (ii) any
Family Controlled Entity means, as to any holder of Class I Out-Performance Shares, (a) any corporation more than 50% of the outstanding voting stock of which is owned by such holder and such holder's Family Members, (b) any trust, whether or not revocable, of which such holder and such holder's Family Members are the sole beneficiaries, (c) any partnership of which such holder and such holder's Family Members hold partnership interests representing at least 25% of such partnership's capital and profits and (d) any limited liability company of which such holder is the manager and in which such holder and such holder's Family Members hold membership interests representing at least 25% of such limited liability company's capital and profits.
Examples of Family Controlled Entity in a sentence
The business partner’s General Terms & Conditions shall not become applicable, but the GTC of Transgourmet shall apply exclusively.
At any time on or after January 1, 2003, Schexxxx or a Family Controlled Entity may elect to dispose of all of his or its Common Partner Interest (the "Put Interest") at the Put Price (as defined in subparagraph (c) below) by providing written notice ( a "Put Notice") to the Partnership and Mid-Am of such election (the "Put Option").
On the Call Closing Date, Schexxxx, xxe Successor in Interest and/or the Family Controlled Entity will deliver to the Company or Mid-Am, as applicable, documentation evidencing his or its interest to be purchased by the Company or Mid-Am, as applicable.
Upon the transfer by Schexxxx xx such Partner's Common Partner Interest to a Family Controlled Entity, such Family Controlled Entity shall become a Substituted Partner pursuant to the terms and conditions of Section 8.8 hereto without requiring the unanimous written consent of the Common Partners so long as the other conditions to becoming a Substituted Partner contained in Section 8.8(b) have been satisfied by such Family Controlled Entity.
The price (the "Put Price") that Schexxxx, xxe Family Controlled Entity or the Successor In Interest shall receive for the Put Interest shall be the Put Price Adjusted Capital Account of Schexxxx xxxermined as set forth herein.
More Definitions of Family Controlled Entity
Family Controlled Entity means (a) any not-for-profit corporation if at least 80% of its board of directors is composed of Mr. Smith, Mr. Egan and/or Descendants; (b) any other corporation if xx least 80% of the value of its outstanding equity is owned by a Permitted Holder; (c) any partnership if at least 80% of the value of the partnership interests are owned by a Permitted Holder; (d) any limited liability or similar company if at least 80% of the value of the company is owned by a Permitted Holder; and (e) any trusts created for the benefit of any of the persons listed in (i) or (ii) of the prior sentence.
Family Controlled Entity means: (i) any not for profit corporation if at least 80% of its Board of Directors is composed of Xxxxx and/or Descendants; (ii) any other corporation if at least 80% of the value of its outstanding equity is owned by members of the Xxxxx Group; (iii) any partnership if at least 80% of the value of the partnership interests are owned by members of the Xxxxx Group; (iv) any limited liability or similar company if at least 80% of the value of the company is owned by members of the Xxxxx Group; and/or (v) any trust if (A) at least 80% of the current beneficiaries of the trust are members of the Xxxxx Group or (B) members of the Xxxxx Group have sole dispositive power and sole voting power with respect to at least 80% of the shares of Class B Common Stock in the Company held by the trust.
Family Controlled Entity means: (i) any not-for-profit corporation if more than 50% of its board of directors is composed of Redstone Family Members; (ii) any other corporation if more than 50% of the value of its outstanding equity is owned by Redstone Family Members; (iii) any partnership if more than 50% of the value of its partnership interests is owned by Redstone Family Members; and (iv) any limited liability or similar company if more than 50% of the value of the company is owned by Redstone Family Members. The term “Family Controlled Trust” includes certain trusts existing on October 7, 2016 and any other trusts the primary beneficiaries of which are Redstone Family Members, spouses of Redstone Family Members and/or charitable organizations, provided that if the trust is a wholly charitable trust, more than 50% of the trustees of such trust consist of Redstone Family Members.
Family Controlled Entity means (w) any not-for-profit corporation if at least a majority of its board of directors is composed of Lauder Descendants and/or Current Spouses of Lauder Descendants, (x) any other corporation if (i) both (aa) Lauder Descendants and/or Current Spouses of Lauder Descendants (or in the case of subclause (i)(aa)(xx), their respective estates, guardians, conservators or committees) (xx) hold in the aggregate, directly or indirectly through one or more wholly owned Persons, securities having ordinary voting power to elect a majority of the board of directors of such corporation or (yy) constitute a majority of the board of directors of such corporation and (bb) at least a majority of the value of the outstanding equity of such corporation is owned by Lauder Family Members or (ii) at least 80% of the value of the outstanding equity of such corporation is owned by Lauder Family Members, (y) any partnership if at least a majority of the value of its partnership interests (both general and limited) are owned by Lauder Family Members, and (z) any limited liability or similar company if (i) both (aa) Lauder Descendants and/or Current Spouses of Lauder Descendants (or, in the case of subclause (i)(aa)(xx), their respective estates, guardians, conservators or committees) (xx) hold in the aggregate, directly or indirectly through one or more wholly owned Persons, securities or other equity interests having ordinary voting power to elect or appoint at least a majority of the managing members of such company or (yy) constitute a majority of the managing members of such company and (bb) a majority of the value of such company is owned by Lauder Family Members or (ii) at least 80% of the value of such company is owned by Lauder Family Members. As used herein, “Family Controlled Trust” shall mean any trust the primary beneficiaries of which are Lauder Descendants, Spouses of Lauder Descendants and/or charitable organizations (collectively, “Lauder Beneficiaries”); provided, that, if the trust is a wholly charitable trust, at least a majority of the trustees of such trust consist of Lauder Descendants and/or Current Spouses of Lauder Descendants. For purposes of the definition of “Family Controlled Trust”, the primary beneficiaries of a trust will be deemed to be Lauder Beneficiaries if, under the maximum exercise of discretion by the trustee in favor of persons who are neither Lauder Beneficiaries nor Family Controlled Trusts, the value of the interests of such persons in...
Family Controlled Entity means (i) any company in which Permitted Holders or any Permitted Holder hold (collectively or individually) the power to elect all of the members of the board of directors of such entity and hold, collectively, at least a majority of the value of its issued shares; (ii) any partnership in which Permitted Holders or any Permitted Holder hold (collectively or individually) the sole right to direct the voting of B Ordinary Shares held by such partnership and hold, collectively, at least a majority of the economic interest in the partnership interests in such partnership; and (iii) any limited liability or similar company if Permitted Holders or any Permitted Holder hold (collectively or individually) the sole right to direct the voting of B Ordinary Shares held by such limited liability or similar company and hold, collectively, at least a majority of the economic interest of such limited liability or similar company.
Family Controlled Entity means (a) any not-for-profit corporation if at least 80% of its Board of Directors is composed of Permitted Holders and/or Descendants; (b) any other corporation if at least 80% of the value of its outstanding equity is owned directly or indirectly by one or more Permitted Holders; (c) any partnership if at least 80% of the value of the partnership interests are owned directly or indirectly by one or more Permitted Holders; (d) any limited liability or similar company if at least 80% of the value of the company is owned directly or indirectly by one or more Permitted Holders; and (e) any trusts created for the benefit of any of the persons listed in (i) or (ii) of the prior sentence.
Family Controlled Entity shall have the meaning set forth in the Articles of Association of Eros Plc.