Minority Equity Interest definition
Minority Equity Interest means any Equity Interest in any Person engaged in a line of business which is complementary, reasonably related, ancillary or useful to any business in which Parent or its Restricted Subsidiaries is then engaged, where such Equity Interest constitutes less than 50% of all Equity Interests issued and outstanding of such Person.
Minority Equity Interest has the meaning specified in Section 3.2(a).
Examples of Minority Equity Interest in a sentence
The Minority Holder further agrees that it will not sell, transfer, pledge or encumber the Minority Equity Interest owned by it except (a) as permitted by the Company's limited liability company agreement and (b) to a person that shall have delivered to the Collateral Agent an agreement substantially in the form hereof with respect to such Minority Equity Interest.