Indirect Beneficial Ownership Interest definition

Indirect Beneficial Ownership Interest means, from time to time, the -------------------------------------- aggregate indirect beneficial ownership interest of Guarantor (a) in all of the Leased Assets and (b) in all of the Owned Assets, each as included in a Qualified MAN or FCL, which interest shall be determined by taking the sum of the percentages, calculated for each Subsidiary owning a Qualified MAN or FCL, that are the product of the "Equity Ownership Percentage" of Guarantor in that Subsidiary and the "Asset Ownership Percentage" of that Subsidiary in such Leased Assets or Owned Assets, as the case may be; provided, that for purposes -------- of the foregoing calculations, Lessor's ownership of the Leased Assets as contemplated by the Operative Documents shall be deemed to constitute ownership thereof (i) by Lessee to the extent Lessee remains liable under the outstanding Lease Supplement or (ii) by any permitted assignee under Section 10.2 of the ------------ Lease, in each case with respect to Appendix 1 to Participation Agreement those Leased Assets subject to such Lease Supplement to which Lessee or such assignee is a party; and provided, further, that if Guarantor shall become -------- ------- the direct owner of any Qualified MAN or an FCL, Guarantor shall be treated as a wholly owned Subsidiary of Guarantor for purposes of the foregoing calculations. The "Equity Ownership Percentage" of Guarantor in a Subsidiary of Guarantor --------------------------- is the fraction (expressed as a percentage), the numerator of which is the number of equity shares having ordinary voting power (or, in the case of a Subsidiary that is not a corporation, equivalent units of ownership interest) of that Subsidiary which are owned by Guarantor, (i.e., taking into account, in the case of indirect ownership through multiple Subsidiaries, the respective equity ownership percentages, in each Subsidiary, of Guarantor and each other Subsidiary), and the denominator of which is the total number of issued and outstanding equity shares having ordinary voting power (or, in the case of a Subsidiary that is not a corporation, equivalent units of ownership interest) of that Subsidiary; and the "Asset Ownership Percentage" of a Subsidiary is the -------------------------- fraction (expressed as a percentage) which (A) as applied to Leased Assets, has a numerator equal to the aggregate of the Lessor's Cost of all of the Leased Assets included in a Qualified MAN or FCL that are leased directly by that Subsidiary, an...
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Indirect Beneficial Ownership Interest means Carrizo’s or Investor LLC’s, as applicable, interest in the Properties (expressed as a percentage of all of such Party’s interest in the Properties) represented by limited liability company interests in such Party, which the Parties acknowledge and agree shall be in the same proportion that a Person’s aggregate ownership of limited liability company interests bears to all of the issued and outstanding limited liability company interests in such Party; provided that the Profit Interest shall be disregarded for purposes of such calculation.
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Related to Indirect Beneficial Ownership Interest

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

  • 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.

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

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

  • 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.

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

  • Trust Beneficial Owner means Global Funding, in its capacity as the sole beneficial owner of the Trust, and its successors.

  • 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).

  • 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.

  • 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).

  • Non-U.S. Beneficial Ownership Certification As defined in Section 5.03(f) of this Agreement.

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

  • 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.

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

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

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

  • 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.

  • 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.

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

  • 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.

  • Beneficial Holder A Person holding a beneficial interest in any Book-Entry Certificate as or through a DTC Participant or an Indirect DTC Participant or a Person holding a beneficial interest in any Definitive Certificate.

  • 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.

  • Beneficial Interest means the opportunity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, to profit, or share in any profit derived from, a transaction in the subject Securities. A Covered Person is deemed to have a Beneficial Interest in Securities owned by members of his or her Immediate Family. Common examples of Beneficial Interest include joint accounts, spousal accounts, UTMA accounts, partnerships, trusts and controlling interests in corporations. Any uncertainty as to whether a Covered Person has a Beneficial Interest in a Security should be brought to the attention of the Compliance Officer. Such questions will be resolved in accordance with, and this definition shall be subject to, the definition of “beneficial owner” found in Rules 16a-1(a)(2) and (5) promulgated under the Securities Exchange Act of 1934.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.