Minority Owners definition

Minority Owners means, collectively, the following Persons, in their capacity as Series A-1 Members: (i) TransTex, (ii) Five Talents Oil & Gas, LLC, a Texas limited liability company, (iii) Xxxx X. Xxxxx and (iv) AJAE Limited Partnership, a Texas limited partnership.
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Minority Owners the individuals who may from time to time own minority interests in Subsidiaries.
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Minority Owners means a Party owning less than 50 % of all Shares in the Company and the “Majority Owner(s)” means a Party owning more than 50 % of all Shares in the Company, however the Founders’ ownership shall be calculated collectively. Accordingly, the Founders shall be the Majority Owners until the sale of the Second Tranche Shares and thereafter the Financier shall be the Majority Owner. In case of Drag-Along Right sale, the Parties agree that the terms and conditions to be given in the definitive agreements shall be the same in respect of all sellers, except that:
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Examples of Minority Owners in a sentence

  • Each entity will have to follow the policy and procedures as adopted by their joint use contract to determine how to apply the CIP standards.• Majority and Minority Owners: For entities that have a shared facility that has one entity as a majority owner and the other as a minority owner, the majority owner’s policy and procedure usually dictates unless the contract between the owners states differently.

  • The outcome of this matter is undetermined at this time and currently do not expect the out of any such proceedings, either individually or in the aggregate, to have a material effect on our financial position, cash flows or results of operations.On November 11, 2019, we received a letter from one of the GOCO Minority Owners that seeks payment of cash and our shares as settlement of the convertible notes held by the GOCO Minority Owners.

  • The Securities, including any accrued but unpaid return, are reflected as Preferred Securities of Subsidiary in the consolidated balance sheet, and the return on the Securities is included in Minority Owners' Share of Subsidiaries net income in the Corporation's consolidated income statement.

  • On November 11, 2019, we received a letter from one of the GOCO Minority Owners that seeks payment of cash and our shares as settlement of the convertible notes held by the GOCO Minority Owners.

  • Midcoast's obligation for additional consideration calculated under Sections 2(d) and 3(d) collectively for the Flare Minority Owners and the DPI Shareholders shall be limited, however, to two million five hundred dollars ($2,500,000), exclusive of the Equipment Base Payment.

  • Minority Owners ofCascade Subsidiaries; Agreements to Purchase or Sell Equity ofCascade or Cascade Subsidiaries Schedule 4.4 .....................

  • It is further understood that Midcoast and DPI/Midcoast shall have no duty or obligation to the DPI Shareholders or the Flare Minority Owners to enter into any DPI Project, at any time or times; it being understood and agreed that any decision to enter into a DPI Project shall be determined solely by the arrangement and/or the Board of Directors of Midcoast based upon economic criteria, risk evaluation, profitability, corporate goals and other factors which may vary from time-to-time.

  • None of the DPI Shareholders, the Flare Minority Owners, DPI or Flare have any liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect to the transactions contemplated by this Agreement for which Midcoast, Magnolia, or DPI/Midcoast could become liable or obligated.

  • Midcoast represents and warrants to the DPI Shareholders and the Flare Minority Owners that the statements contained in this Section 6(b) are correct and complete as of the date of this Agreement and will be correct and complete as of the Closing Date (as though made then).

  • The Purchase Right may be exercised early by the Minority Owners.


More Definitions of Minority Owners

Minority Owners means Xxxx Xxxxxxx and CIT.
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Minority Owners shall have the meaning given to that term in Section 17.4 hereof.
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Minority Owners has the meaning set forth in Section 2.06(a).
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Minority Owners means the individuals and companies set out in Exhibit A.
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Related to Minority Owners

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Minority-owned business means a business that is at least 51 percent owned by one or more minority individuals who are United States citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest in the corporation, partnership, or limited liability company or other entity is owned by one or more minority individuals who are United States citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more minority individuals.

  • Minority Group means any of the following racial or ethnic groups:

  • Minority Shareholders means holders of Shares that were not tendered pursuant to the Offer or in the Subsequent Offering Period (as it may be extended by the Minority Exit Offering Period).

  • Minority Owned Business Enterprise or "MBE" means a firm awarded certification as a minority owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a minority owned and controlled business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Minority person means a Black American, Hispanic American, Native American (including American Indian, Eskimo, Aleut, and Native Hawaiian), Asian-Indian American (including a person whose origins are from India, Pakistan, or Bangladesh), Asian-Pacific American (including a person whose origins are from Japan, China, the Philippines, Vietnam, Korea, Samoa, Guam, the United States Trust Territories of the Pacific, Northern Marianas, Laos, Cambodia, or Taiwan).

  • Minority or Women-Owned Business Enterprise means a business enterprise, including a sole proprietorship, partnership or corporation that is:

  • Minority Business means a business:

  • Combined Group means a group of corporations or other entities that files a Combined Return.

  • MINORITY BUSINESS ENTERPRISE (MBE means an individual, partnership, corporation or joint venture of any kind that is owned and controlled by U. S. Citizens and residents of Ohio, who are and have held themselves out as members of the following socially and economically disadvantaged groups: Blacks, American Indians, Hispanics and Asians. Only businesses certified by the State of Ohio Equal Opportunity Division in accordance with Section 123.151 of the Ohio Revised Code shall be recognized as being MBE certified within the purpose of this invitation.

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Minority person means a person who is a citizen or lawful permanent resident of the United States and who is any of the following:

  • minority business enterprise means any small contractor or supplier of materials fifty-one percent or more of the capital stock, if any, or assets of which is owned by a person or persons: (1) who are active in the daily affairs of the enterprise, (2) who have the power to direct the management and policies of the enterprise, and (3) who are members of a minority, as such term is defined in subsection (a) of Connecticut General Statutes § 32-9n; and

  • Co-owners means (a) all the allottees of Units in the Project excepting those who (i) have either not been delivered possession of any Unit or (ii) have not got the conveyance deed in respect of any Unit to be executed and registered in their favour; and (b) for all Units which are not alienated by execution of deed of conveyance or whose possession are not parted with by the Owner/Promoter, shall mean the respective Owner and/or Promoter;

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • Designated Group means - i) Black designated groups; ii) Black People; iii) Women; iv) people with disabilities or v) Small enterprise, as defined in Section 1 of National Small Enterprise Act, (102 of 1996)

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;

  • Unconsolidated Affiliates means an Affiliate of the Parent Entity or any other member of the Consolidated Group whose financial statements are not required to be consolidated with the financial statements of the Parent Entity in accordance with GAAP.

  • Founding Members means the collective reference to American Multi-Cinema, Inc., a Missouri corporation, Cinemark Media, Inc., a Delaware corporation, and Regal CineMedia Holdings, LLC, a Delaware limited liability company.

  • Faculty member means any person hired by the college or District to conduct classroom or teaching activities or who is otherwise considered by the college to be a member of faculty.

  • New Members As Defined By the Public Employees’ Pension Reform Act of 2013 (PEPRA)

  • Certified Minority Business Enterprise means a business which has been certified by the certifying organization or jurisdiction in accordance with s. 287.0943(1) and (2).

  • Management Members shall have the meaning set forth in the introductory paragraph of this Agreement.

  • JV means Joint Ventures