Major Owner definition
Major Owner means an Owner that owns and controls more than 25% of the Equity and voting rights of Franchisee.
Major Owner. Any Initial Shareholder or any person or other legal entity that (a) owns or otherwise holds or acquires control of, or (b) by virtue of a contemplated purchase or other transfer will own, in either case, [______] percent or more of the shares of, or voting rights in, the Company.
Major Owner means any person or entity that has provided a certificate to the Trustee which has not been otherwise rescinded, withdrawn or cancelled, to the effect that such person or entity is the registered owner of at least $1,000,000 in principal amount of 2024 Series C Bonds.
Examples of Major Owner in a sentence
Notwithstanding the foregoing, any Major Owner who requests in writing to the Paying Agent at least two (2) Business Days prior to the Interest Payment Date that interest be paid by wire transfer or such other method as may be mutually acceptable to the Authority, the Paying Agent and such Major Owner, then the Paying Agent shall pay interest on the 2024 Series C Bonds by wire transfer or by such other mutually acceptable method to the account that such Major Owner requests.
More Definitions of Major Owner
Major Owner means any person or entity that has provided a certificate to the Trustee which has not been otherwise rescinded, withdrawn or cancelled, to the effect that such person or entity is the registered owner of at least $1,000,000 in principal amount of 2019 Series A Bonds.