Minority Interest Holders definition
Examples of Minority Interest Holders in a sentence
If Non-Initiating Member notifies the Company that it is unwilling to make or accept the Offer, Non-Initiating Member may at the same time give notice to Initiating Member of its election to purchase the Target, in which case Non-Initiating Member shall purchase the Target (subject to the rights of any Minority Interest Holders) on the terms set forth in the Offer.
For the avoidance of doubt, if a Person is both a Seller and a Minority Interest Holder, then the obligations and limitations set forth in this ARTICLE X that are applicable to the Sellers shall apply to such Person as a Seller and those that are applicable to the Minority Interest Holders shall apply to such Person as a Minority Interest Holder.
At any time that any portion of the Escrow Amount would otherwise be released to or on behalf of the Sellers or the Minority Interest Holders (including to the Disbursement Agent), the Seller Representative may direct that all or any portion of such amount instead be deposited into the Seller Representative Expense Account if, in its sole discretion, the Seller Representative determines that such amounts may be needed to pay Administrative Costs.
Each of Aspen and the Minority Interest Holders shall make its Initial Capital Contribution as of the date of this Agreement, as contemplated by the Contribution Agreement.
Upon completion of the Initial Capital Contributions specified, each of Coty, Aspen and the Predecessor Minority Interest Holders will own the Membership Interests and be ascribed the Percentage Interests set forth for such Member on Annex B.
The Management Fee shall be calculated on a Property-by-Property basis, with the intent that any Minority Interest Holders bear their ratable share of the Management Fee with respect to any Part Owned Property.
Following the Initial Capital Contribution, Aspen and the Predecessor Minority Interest Holders shall contribute their ownership interests in the Company to Aspen Sub (the “Aspen Sub Contribution”), such that Aspen Sub and Coty shall be the only Members of the Company immediately following the Aspen Sub Contribution.
As used herein, "Closing Cash Balance" shall mean an amount equal to (A) Cash less (B) Cash Due to Minority Interest Holders as of the Effective Time (it being understood that Seller shall be responsible for any checks that are outstanding as of the Effective Time that relate to the Company or the Division Entities).
As used herein, “Closing Cash Balance” shall mean an amount equal to (A) Cash less (B) Cash Due to Minority Interest Holders as of the Effective Time (it being understood that Seller shall be responsible for any checks that are outstanding as of the Effective Time that relate to the Company or the Division Entities).
The Agreed Value of the Contributed Property to be contributed to the Company by Coty, Aspen and the Predecessor Minority Interest Holders is set forth on Annex B.