Material Ownership Interest definition

Material Ownership Interest means the interest corresponding, directly or indirectly, to five percent (5%) or more of type or class of shares representing the Company's capital stock, also including any rights to such shares.
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Material Ownership Interest means ownership interest in shares carrying voting rights and representing no less than a given percentage stated in the bylaws of the issuing Adherent Company, provided that such percentage is state at no less than twenty percent (20%) and no more than thirty percent (30%) of the shares of voting stock.
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Material Ownership Interest. : means the ownership interest corresponding to, directly or indirectly, 5% (five percent) or more of the shares representing the company’s capital stock.
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Examples of Material Ownership Interest in a sentence

  • When the purchase of Material Ownership Interest results in changes to, or has been made in order to change, the Company's control makeup or administrative framework, or yet when said purchase requires a public offering to be carried out pursuant to the applicable regulations, the buyer of the Material Ownership Interest must also issue a notice containing the information described in Annex IV hereof via at least the same communication channels used by the Company, as described in this Disclosure Policy.

  • A shareholder or Shareholder Group which, in a single or a series of transactions, directly or indirectly attains a Material Ownership Interest in shares of an Adherent Company shall be required (i) promptly to release a notice of material fact, as prescribed by CVM Ruling 358 dated January 3, 2002, and (ii) to carry out a Material Ownership Tender Offer for all other shares and securities convertible into shares issued by the Adherent Company.

  • The Material Ownership Tender Offer must be announced no later than forty-five (45) calendar days after the date the shareholder hits the Material Ownership Interest threshold (the tender offer trigger).

  • The offer requirement shall not apply where, at the time of adherence to the authority of the Panel, there is a Shareholder Group collectively interested in voting shares representing over fifty percent (50%) of the shares of voting stock of the Adherent Company, and a member of this Shareholder Group subsequently increases its individual holdings, directly or indirectly, to become itself a materially interested shareholder (within the Material Ownership Interest threshold).

  • There was a pre-tax loss of €26m in the business compared to a loss of €48m at 30 June 2018, which included the effects of the higher write-downs.

  • PHOTO TERRINE FRIDAYlors come to Council to ask good questions and get involved.Jose: For example, I opened two new services and no one commented on it; it’s for you.

  • Where the acquirer of a Material Ownership Interest fails to sell the surplus shares in the manner and within the deadlines prescribed in paragraph 5 of this article, such acquirer shall be required, within ten (10) calendar days after the expiration of the three-month deadline set forth in paragraph 5 of this article, to announce a firm Material Ownership Tender Offer where the offer price shall at least equal the price determined pursuant to the offer price-setting criterion defined by the Panel.

  • Examples of circumstances where a holder could hit the Material Ownership Interest threshold through no voluntary action of its own include cancellation of treasury stock, share redemptions and reductions of capital stock through share cancellations, and acquisition by universal succession (of a deceased shareholder).

  • The Controlling Shareholder, direct or indirect, and the shareholders who elect members of the Company Board of Directors shall communicate to the Company the acquisition or disposal of Material Ownership Interest, including the information comprised in the form model, according to Annex IV of this Disclosure Policy.

  • The procedures for the communication and disclosure of information about Securities trading that involves Material Ownership Interest, as provided for in this Section 10, are based on article 12 of CVM Instruction 358.

Related to Material Ownership Interest

  • Material Owned Real Property means any Mine or other real property, in each case, owned or acquired in fee by any Loan Party having a fair market value in excess of $1,000,000.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Substantial Owner means any person or persons who own or hold a twenty-five percent (25%) or more percentage of interest in any business entity seeking a FPDCC Privilege, including those shareholders, general or limited partners, beneficiaries and principals; except where a business entity is an individual or sole proprietorship, Substantial Owner means that individual or sole proprietor.

  • substantial owners means any individuals entitled to more than 10% of the profits of or with an interest of more than 10% in an entity either directly or indirectly.

  • 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.

  • 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.

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • 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.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Potential Beneficial Owner means a customer of a Broker-Dealer or a Broker-Dealer that is not a Beneficial Owner of APS but that wishes to purchase such shares, or that is a Beneficial Owner that wishes to purchase additional APS.

  • Controlling Interest means: (1) an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock, or otherwise that exceeds 10 percent; (2) membership on the board of directors or other governing body of a business entity of which the board or other governing body is composed of not more than 10 members; or (3) service as an officer of a business entity that has four or fewer officers, or service as one of the four officers most highly compensated by a business entity that has more than four officers. Subsection (3) of this section does not apply to an officer of a publicly held business entity or its wholly owned subsidiaries.

  • Benefit Plan Entity shall have the meaning assigned to such term in Section 3.9.

  • Initial Owners means, with respect to Borrower or any other entity, the persons or entities who on the date of the Note own in the aggregate 100% of the ownership interests in Borrower or that entity.

  • 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.

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Principal owner means any person who owns, controls, votes or has a beneficial

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

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

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

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

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Subject Entity means any Person, Persons or Group or any Affiliate or associate of any such Person, Persons or Group.

  • LLC Interest means a membership interest or similar interest in a limited liability company.