Indirect Ownership means an interest in an entity that has direct or indirect ownership interest in the Applicant. The amount of indirect ownership in the Applicant that is held by any other entity is determined by multiplying the percentage of ownership interest at each level. An indirect ownership interest must be reported if it equates to an ownership interest of 5 percent or more in the Applicant.
Indirect Ownership means any profit or not-for-profit corporation, limited liability corporation, partnership, sole proprietor, sponsoring entity, or other form of legal entity with ownership interest in an affiliated organization or an indirect economic interest in the net residual value of the provider or both.
Indirect Ownership means any ownership interest in an entity that has an ownership interest in the applicant, including an ownership interest in any entity that has an indirect ownership interest in the applicant.
Examples of Indirect Ownership in a sentence
Indirect Ownership or Control Interest is determined by multiplying the percentage of ownership in each entity.
More Definitions of Indirect Ownership
Indirect Ownership means an organization's or individual's ownership of the Charter Capital or Share capital of Sacombank through Affiliated Persons or investment entrustment.
Indirect Ownership means an ownership interest in an entity that has an ownership interest in an entity.
Indirect Ownership means any ownership interest in a business entity that has an ownership interest in the applicant or licensee, including an ownership interest in any business entity that has an indirect ownership interest in the applicant or licensee.
Indirect Ownership generally means the taxpayer is considered to own any interest held by other related parties. An indirect ownership is taken into account at only one level. Consequently, an indirect ownership determined to belong to one person does not in turn belong to another person related to the first indirect owner.
Indirect Ownership means an equity interest in a business entity where the interest is held through a series of business entities, some of which own interests in others.
Indirect Ownership means an interest a person owns in an entity or in property solely as a result of application of constructive ownership rules without regard to any direct ownership interest (or other beneficial interest) in the entity or property. “Indirect ownership” shall be determined under the same rules applicable to determining whether a gain or loss between related parties is recognized for federal income tax purposes.
Indirect Ownership means an organization or individual owns the charter capital of OCB through an investment trust or through an enterprise in which that organization or individual owns more than 50% of the charter capital.