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,

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

  • 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 shares of AMPS but that wishes to purchase such shares, or that is a Beneficial Owner that wishes to purchase additional shares of AMPS.

  • 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.

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

  • Ownership Interests means, with respect to any entity, any ownership interests in the entity and any economic rights (such as a right to distributions, net cash flow or net income) to which the owner of such ownership interests is entitled.

  • 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.

  • Controlling ownership interested means ownership of or entitlement to more than twenty five percent of shares or capital or profits of the Company;

  • 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 interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • 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.