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) ▇▇▇▇ ▇. ▇▇▇▇▇ 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 has the meaning set forth in Section 2.06(a).
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Examples of Minority Owners in a sentence

  • The DPI Shareholders and the Flare Minority Owners shall have thirty (30) days within which to accept or reject the draft proforma.

  • On or prior to the Closing Date, the DPI Shareholders and the Flare Minority Owners shall provide Midcoast with a properly executed certificate of non-foreign status in accordance with Treas.

  • 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.

  • If the DPI Shareholders and the Flare Minority Owners reject the draft proforma, and, failing to reach agreement within thirty (30) days from the date of rejection of said draft performa, the Parties shall submit the issue to binding arbitration pursuant to Section 12 of this Agreement.

  • Neither the Borrower nor any of its Restricted Subsidiaries shall acquire or otherwise establish or own any interest in any Restricted Subsidiary unless all the Capital Securities are owned by the Borrower, one or more Restricted Subsidiaries and/or (if applicable) Minority Owners, in each case free and clear of all Liens (except for Liens in favor of the Secured Parties to secure the Obligations).

  • All Taxes shown as due on Tax Returns required to be filed on DPI by operation of this section shall be paid by the DPI Shareholders, and all Taxes shown as due on Tax Returns required to be filed on Flare by operation of this section shall be paid eighty percent (80%) by the DPI Shareholders and twenty percent (20%) by the Flare Minority Owners.

  • The Purchaser and Seller acknowledge that the Purchaser will be assuming that certain loan made by G REIT Liquidating Trust to the Minority Owners (the “TIC Loan”) concurrently with the acquisition by Purchaser of the Minority Owners’ interest in the Property.

  • The eight municipal Minority Owners and seven Wholesale Purchasers selected the Florida Municipal Power Agency (FMPA) to negotiate on their behalf with Duke concerning the failed CR3 plant.

  • No individuals are employed by Seller or, to Seller’s knowledge, any of the Minority Owners with respect to the Property, and transactions contemplated by the Agreement will not result in any liability with respect to labor and employment matters.

  • Under the JOA, the Minority Owners have the right to an undivided ownership interest in the Equipment (as defined in the Construction Agreement) in the percentages set forth in Schedule 1.


More Definitions of Minority Owners

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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Minority Owners shall have the meaning given to that term in Section 17.4 hereof.
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Minority Owners means ▇▇▇▇ ▇▇▇▇▇▇▇ and CIT.
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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 concern which is at least 51% owned by one or more minority persons, or in the case of a corporation, at least 51% of the stock in which is owned by one or more minority persons; and the management and daily business operations of which are controlled by one or more of the minority individuals who own it.

  • 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.