Minority Ownership definition

Minority Ownership or “Minority Owner” means a Person, group of Persons, a Business Entity, or group of Business Entities who is an Owner of, or controls less than fifty percent (50%) of a Cannabis Business on a fully diluted basis;
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Minority Ownership means ownership interests in a Project, but with 50 percent or lower voting control of all ownership interests.
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Minority Ownership or “Minority Owner” means a person who is an owner or controls less than 50% of a Cannabis Business or on a fully diluted basis.
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Examples of Minority Ownership in a sentence

  • Based upon the Independent Appraiser's valuation of the Stock Holding Company and the Bank as updated prior to the commencement of the Minority Stock Offering, the Board of Directors will establish the minimum and maximum ownership percentage applicable to the Minority Stock Offering ("Minority Ownership Range").

  • The LLC will use commercially reasonable efforts to plan for a transition to commercially available versions of the Systems (or other software systems) on or before the Minority Ownership Date (as defined below) and to limit, to the extent commercially reasonable, any modifications to the Source Code and any use of customized versions of the Systems after the Minority Ownership Date.

  • Within 30 days after the Minority Ownership Date, the LLC will notify Vignette of the proposed Selected Systems, to include the number of copies, the number of servers, the location of the servers, the URL's hosted, and the number of pages served per day.

  • Approval of this Agreement by two-thirds of the Board of Governors of the Company, including approval by the four Governors elected by the Minority Ownership Interest, is a condition precedent of this Agreement.

  • The Developer agrees to comply with its obligations set forth in Minority Ownership & Participation section of The 1Durham Real Estate Plan attached hereto as Exhibit F.

  • Coverage does not extend to personal side trips while on University business.

  • Minority Ownership Interest - The percentage of the Mid-Tier Holding Company’s common stock held by stockholders other than the Mutual Holding Company immediately prior to the completion of the Conversion.

Related to Minority Ownership

  • Equity Ownership means the percentage ownership and control, exercised by individuals within an enterprise.

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