Indirect Ownership definition

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.

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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

If the partnership interest in the indirect owner(s) results in a greater than five percent Indirect Ownership Interest in the Contractor, this Indirect Ownership Interest must be disclosed in accordance with Article 6.5.1(A) of this attachment.
Indirect Ownership or Control Interest is determined by multiplying the percentage of ownership in each entity.
The SMV Resolution No. 019-2015-SMV-01 (Approving the Regulation of Indirect Ownership, Linkage and Economic Groups) is applicable.
Indirect Ownership — Ownership interest in an entity that has direct or indirect ownership interest in the disclosing entity.
In addition to the above, and whenever applicable for the purpose of determining the EFFECTIVE CONTROL, the provisions of the special rules on linkage and economic group approved by SBS Resolution No. 5780-2015-SBS and SMV Resolution No. 019-2015-SMV-01 (Approving Regulations on Indirect Ownership, Linkage and Economic Groups) and its amendments or rules that replace them, shall be taken into account.

More Definitions of Indirect Ownership

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 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 an organization's or individual's ownership of the charter capital of a credit institution through investment trust or an enterprise in which such organization or individual owns more than 50% of charter capital.

Indirect Ownership means the case where the organization, individual holds charter capital, share capital of a credit institution through a related person or through the investment entrustment;

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.

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.