New ownership interest definition

New ownership interest means a change in the owner- ship structure of a baseload power plant or a cogeneration facility or the electrical generation portion of a cogeneration facility affecting at least:
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New ownership interest means a change in the ownership struc- ture of a baseload power plant or a cogeneration facility or the elec- trical generation portion of a cogeneration facility affecting at least:
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New ownership interest has the meaning set forth in Section 4.5.1.
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Examples of New ownership interest in a sentence

  • Until a Qualified IPO, if the Executive Board determines by Special Approval in accordance with Section 5.2.6 that additional capital is required by the Company, each Holder of Investor Units and/or Common Units will have a preemptive right (the “Preemptive Right”) to purchase its applicable Participating Interest of any New Ownership Interest (as defined below) that the Company may, from time to time, propose to sell and issue after the Effective Date.

  • If not all of the Holders elect to purchase their Participating Interest of the New Ownership Interest, then the Company will promptly notify in writing the Holders who do so elect and will offer such Holders the right to acquire such unsubscribed New Ownership Interest.

  • Until a Qualified IPO, if the Company proposes to issue any New Ownership Interest, the Company will give each Holder of Investor Units and/or Common Units prior written notice of such intention, describing the New Ownership Interest and the price, the terms and conditions upon which the Company proposes to issue the New Ownership Interest.

  • Notwithstanding the foregoing, the Company will not be required to offer or sell such New Ownership Interest to any Member if: (i) such offer or sale would cause the Company to be in violation of applicable federal or state securities laws by virtue of such offer or sale; or (ii) such Holder has previously suffered an uncured Funding Default.

  • The issuance of any New Ownership Interest by the Company and required payment by the Holders exercising their Preemptive Right will occur no earlier than twenty (20) Business Days from the initial date of notice of such issuance by the Company.

  • Each such Holder of Investor Units and/or Common Units will have five (5) Business Days after receipt of such notice to notify the Company of its election to purchase all or a portion of such unsubscribed New Ownership Interest (allocated based on the relative Participating Interests of such Holders, if necessary).

  • Each Holder of Investor Units and/or Common Units will have fifteen (15) Business Days from the giving of such notice to agree to purchase its applicable Participating Interest of the New Ownership Interest for the price and upon the terms and conditions specified in the notice by giving written notice to the Company and stating therein the portion of the New Ownership Interest to be purchased.


More Definitions of New ownership interest

New ownership interest means: (i) any newly-issued Investor Units (other than pursuant to Section 4.4.5); (ii) any other newly-issued class of Units exchangeable or exercisable into Investor Units; or (iii) any Units having rights, preferences or priority as to Distributions senior to or on parity with the Investor Units, other than (1) Class E Units authorized as of the Effective Date, (2) notes, debt or other instruments of indebtedness, (3) Units issued by the Company in connection with the consummation of an acquisition , or (4) warrants or other rights issued to vendors or service providers by the Company in the ordinary course of business, which warrants or rights shall not exceed ten percent (10%) of the total Units of the Company.
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New ownership interest means a change in the ownership structure of a baseload power plant or a cogenera- tion facility or the electrical generation portion of a cogenera- tion facility affecting at least:
Sample 1Sample 2Sample 3
New ownership interest means a change in the ownership structure of a baseload power plant or a cogenera-
Sample 1

Related to New ownership interest

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.