Examples of Minority Owned Entities in a sentence
The CTF Selling Entities’ equity interests in the Minority Owned Entities are owned beneficially and of record by the CTF’s Selling Entity set forth on Schedule 2.1(e) of the CTF Agreement, and such CTF’s Selling Entity will convey such equity interests in the Minority Owned Entities to Marriott at the Closing free and clear of any and all Encumbrances.
The Buyer and the Seller agree that where the Preliminary Allocated Price of any Hotel is a negative value, the Closing Allocated Price shall be $0.00 for United States federal income tax purposes, and such aggregate negative value shall be allocated pro rata among the other Hotels, the Management Interest and the Minority Owned Entities being purchased hereunder based on the Preliminary Allocated Prices of such other interests.
The Seller’s equity interests in the Minority Owned Entities are owned beneficially and of record by the Selling Entity set forth on Schedule 2.1(e), and such Selling Entity will convey such equity interests in the Minority Owned Entities to the Buyer at the Closing free and clear of any and all Encumbrances.
The capital accounts of the Selling Entity in each of the Minority Owned Entities as reported to the Seller are as set forth in Schedule 2.1(e) as of the date(s) indicated therein.
The capital accounts of the CTF Selling Entity in each of the Minority Owned Entities as reported to CTF are as set forth on Schedule 2.1(e) of the CTF Agreement as of the date(s) indicated therein.
The Borrower has heretofore delivered to each Lender true and complete copies of the most recent audited and unaudited financial statements of the Minority Owned Entities supplied to it; to the best knowledge of the Borrower all such financial statements are complete and correct in all material respects.
Except for the Company Subsidiaries and other entities in which the Company owns less than fifty percent of the equity interest (the "TIW Minority Owned Entities") identified in the Disclosure Schedule, the Company does not own, directly or indirectly, any capital stock or other securities of any corporation or have any direct or indirect equity or ownership interest in any other Person, whether organized as a corporation, partnership, joint venture or otherwise.
To optimize cash flow for the Group’s operations, the Group also accepts pre-paid distributions from pre-sale proceeds collected by project companies, including Minority Owned Entities and Associates.
The Company does not have any direct or indirect equity or ownership interest in any corporation, partnership, joint venture, or other entity which is involved, directly or indirectly, in the conduct of the Acquired Business other than for the Company Subsidiaries and the TIW Minority Owned Entities, and the Acquired Business is conducted solely by the Company and the Company Subsidiaries and the TIW Minority Owned Entities.
SCHEDULE 3.4 sets forth a listing of each of the PTI Entities and Minority Owned Entities, their respective jurisdictions of incorporation or organization, the equity interest of any PTI Entity therein (each a "PTI Interest" and, collectively, the "PTI Interests") and, for each PTI Entity and, to the Knowledge of PTI and PT Cellular, each Minority Owned Entity, the identity of any other partners or shareholders in such entity.