Majority Controlled definition

Majority Controlled and “Majority Controlling” shall have corresponding meanings.
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Majority Controlled and “Majority Controlling” each have the meanings correlative thereto), which power to direct or cause the direction of the management and policies of such entity may be subject to the rights of partners or constituent owners to vote on customary major decisions. Notwithstanding anything herein to the contrary, issuances and transfers of interests in Parkway Inc., Sponsor, TIAA, CPP and Parkway Properties LP shall be permitted without consent and without prior notice, so long as, after giving effect thereto, Borrower is Majority Controlled by one or more Qualified Equityholders. No fee shall be payable in connection with any transfer, so long as after giving effect to such transfer, Borrower is Majority Controlled by Parkway Inc., Sponsor, TIAA and/or CPP. Pledges of interest in TIAA, CPP, Parkway, Inc, Parkway Properties General Partners, Inc, Parkway Properties LP, Sponsor and Sponsor’s direct and indirect subsidiaries (including in the JV entity but not including the Borrower or any mezzanine borrower) shall be permitted to Parkway Inc.’s, Sponsor’s and/or TIAA’s and/or CPP’s applicable general corporate/term and revolving credit facility lenders, provided that, to the extent any indirect interests in the Borrower (other than interests in TIAA, CPP, Parkway, Inc, Parkway Properties General Partners, Inc, Parkway Properties LP Sponsor) are pledged (it being agreed that a pledge of direct interests in Borrower are not permitted), each such facility (i) is not in the nature of a so-called mezzanine loan (i.e secured solely by the equity interest in one or more of the Borrowers) as determined pursuant to rating agency criteria, (ii) is either unsecured or, if secured, are secured by direct or indirect interests in other real estate assets of such Person in addition to the Property and (iii) is between an institutional lenders, as lender, and one or more of Parkway Inc., Parkway Properties General Partners, Inc., Parkway Properties LP, Sponsor, TIAA and/or CPP, as Borrower.
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Examples of Majority Controlled in a sentence

  • The aggregate amount of awards to Majority Controlled Producer-Based Businesses in response to this announcement shall not exceed 10 percent of the total funds obligated for the program during the fiscal year.

  • The total amount of funds awarded to Majority Controlled Producer-Based Businesses in response to this announcement shall not exceed 10 percent of the total funds obligated for the program during the fiscal year.

  • Funding for Majority Controlled Producer- Based Business Ventures is limited to 10 percent of total grant funds expected to be obligated as a result of this Notice.

  • Similar to exploitative autocratic leaders, they impose decisions on subordinates.

  • Applicants must adhere to the requirements contained in the program regulation, 7 CFR 4284, subpart J, which is incorporated by reference in this Notice.The objective of this grant program is to assist viable Independent Producers, Agricultural Producer Groups, Farmer and Rancher Cooperatives, and Majority- Controlled Producer-Based Businesses in starting or expanding value-added activities related to the processing and/or marketing of Value-Added Agricultural Products.

  • Funding for Majority Controlled Producer-Based Business Ventures (MAJ) is limited to 10 percent of total grant funds expected to be obligated asa result of this Notice.

  • Majority Controlled Producer-Based Business venture means a venture greater than 50 percent of the ownership and control of which is held by—‘‘(i) 1 or more producers; or ‘‘(ii) 1 or more entities, 100 percent of the ownership and control of which is held by 1 or more producers.

  • The aggregate amount of awards to Majority Controlled Producer- Based Businesses in response to this announcement shall not exceed 10 percent of the total funds obligated for the program during the fiscal year.

  • KHL and KPL are subsidiaries of a Majority Controlled Company of Xx. Xxxx Xxxxx- ean, an Independent Non-executive Director of the Bank, and his family members.

  • Agricultural producer groups, Farmer or Rancher cooperatives and Majority- Controlled Producer-Based Business Ventures, are eligible for grants under this subpart.

Related to Majority Controlled

  • Controlled have meanings correlative to the foregoing.

  • Requisite Amount has the meaning specified in the Spread Account Agreement.

  • publicly controlled means owned by or otherwise under the control of an organ of state, including a –

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.8

  • Requisite Majority means, as at any particular time, Passenger Operators whose Vehicle departures from the Station, expressed as a percentage of Total Departures, as at the relevant date, together are at least equal to the percentage specified in paragraph 4 of Annex 8 (or such other percentage as the ORR may specify by notice to the Station Facility Owner and to each Passenger Operator as the new percentage which is to apply for these purposes following the entry into, variation, amendment or termination of an access contract permitting a passenger service operator to use the Station, a Change in Control of any Passenger Operator or any event which results in a material change to the proportion of the Total Departures made by trains operated by or on behalf of any Passenger Operator);

  • Alternative Investments means investments in the said State which are within the ability and competence of the Company or of corporations which are related to the Company for the purposes of the Companies (Western Australia) Code and which are approved by the Minister from time to time as alternative investments for the purpose of this Agreement (which approval shall not be unreasonably withheld in the case of an investment which would add value or facilitate the addition of value, beyond mining, to the mineral resources of the said State);”;

  • Alternative Investment Vehicle means an entity created in accordance with the Operative Documents of a Borrower to make investments and that has the right to call on Capital Commitments directly from Investors.

  • Majority Owned means the holding beneficially or legally of more than 50 per cent. of the issued share capital (or equivalent) or voting rights of such person (excluding any part of that issued share capital (or equivalent) that carries no right to participate beyond a specified amount in a distribution of either profits or capital).

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

  • PIPE Investment Amount means the aggregate gross purchase price received by Acquiror prior to or substantially concurrently with Closing for the shares in the PIPE Investment.

  • Majority Noteholders means the Holders of a majority by principal amount of the most senior then outstanding class of Notes.

  • Supermajority Vote means the affirmative vote of at least two-thirds of all of the members of the Operating Committee or any Subcommittee, as applicable, authorized to cast a vote with respect to a matter presented for a vote (whether or not such a member is present at any meeting at which a vote is taken) by the Operating Committee or any Subcommittee, as applicable (excluding, for the avoidance of doubt, any member of the Operating Committee or any Subcommittee, as applicable, that is recused or subject to a vote to recuse from such matter pursuant to Section 4.3(d)); provided that if two-thirds of all of such members authorized to cast a vote is not a whole number then that number shall be rounded up to the nearest whole number.

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • Majority Term Lenders at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who hold more than 50% of the principal sum of all Term Loans outstanding; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Super-Majority Banks means, at any time, Banks holding Loans representing at least 66-2/3% of the aggregate principal amount of the Loans outstanding, or if no Loans are outstanding, Banks having Commitments representing at least 66-2/3% of the Total Commitment.

  • Lead Securitization Controlling Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement.

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Non-Performing Mezzanine Investments means Mezzanine Investments other than Performing Mezzanine Investments.

  • Note Majority means a majority by principal amount of the Noteholders.

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • special majority means the majority of votes described in §11.2 which is required to pass a special resolution.

  • Controlled Foreign Corporation means “controlled foreign corporation” as defined in the Tax Code.

  • Controlling Class Representative shall have the meaning assigned to the term “Directing Certificateholder” in the Lead Securitization Servicing Agreement.

  • Performing Non-Cash Pay Mezzanine Investments means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

  • Instructing Group means at any time:

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.