Ownership and/or Control definition

Ownership and/or Control means and includes, without limitation, all voting rights and beneficial ownership with respect to all classes of stock, interests in limited liability companies, general partnerships, and limited partnerships, and/or beneficial interests under a trust, as may be applicable to the type of entity which is prohibited from making the particular Transfer in question. The term “Third Party” shall mean and include any person or entity that has acquired or hereafter acquires any interest in Tenant and any person or entity that is or becomes a joint venturer or general or limited partner of Tenant with respect to all or any portion of the Leased Premises and/or this Lease.
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Ownership and/or Control means and includes, without limitation, more than fifty percent (50%) of all voting rights and all beneficial ownership rights and interests, including without limitation, all such rights with respect to all classes of stock, interests in partnerships, limited liability company membership interests and/or beneficial interests under a trust, as may be applicable to the type of entity which is making the particular Transfer in question.
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Ownership and/or Control means, without limitation, a majority of voting rights and beneficial ownership with respect to all classes of stock, interests in partnerships or limited liability companies, and/or beneficial interests under a trust, as may be applicable to the type of entity in question. In the case of a trust, such term shall also include the rights of the trustee as well as the beneficiary.
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Examples of Ownership and/or Control in a sentence

  • Further, in case of a single Bidder, the Bidder shall neither undertake nor shall it permit any Change in Ownership and/or Control.

  • Required Notice of Change in Ownership and/or Control Whenever there is any change in circumstances affecting a DBE’s ability to meet size, disadvantaged status, ownership, or control requirements of the DBE Program (e.g., new by-laws, owners, directors, officers, or officer powers, etc.), or any material change in the information provided in the DBE’s application form, the DBE shall submit a written statement noting the effective changes with supporting documents.

  • Other elements of ownership discretion and control of a technical nature may be relevant and will be taken into account, as needed, on a case-by-case basis.5 U Subsequent Changes in Ownership and/or Control: Applicants are evaluated on the basis of documentation submitted at the time of certification.

  • Additionally, the Supervision Manager notified Armbruster that, since MORTGAGE PROCESSING is still an active Illinois residential mortgage licensee, it must comply with all annual reporting requirements, and that a request for Change of Ownership and/or Control needs to be first approved by the Department, and the requisite $500 fee paid.

  • Restrictions on Transfer of the Agreement, the Site, the Project and/or Ownership and/or Control of Developer.

  • Policy on Change of Ownership and/or Control Approved are additional requirements for institutions seeking approval to transition from a for- profit to a non-profit status, which constitutes both a change of ownership and a change of control.

  • PLEASE TELL ME HAD HE/SHE SUCH CHILDREN INCLUDING THE DECEASED ONES.

  • Further, it shall also commit that the members of the Consortium shall neither undertake nor shall they permit any Change in Ownership and/or Control until the debt portion of the Project Cost is satisfactorily paid to the lenders.

  • The Commission noted that the institution failed to provide a complete change of ownership application, as required by ACCET Document 22 – Policy on Change of Ownership and/or Control.

Related to Ownership and/or Control

  • Common ownership means the same or substantially similar persons or entities that maintain a

  • Constructive Ownership means ownership of Shares by a Person, whether the interest in Shares is held directly or indirectly (including by a nominee), and shall include interests that would be treated as owned through the application of Section 318(a) of the Code, as modified by Section 856(d)(5) of the Code. The terms “Constructive Owner,” “Constructively Owns” and “Constructively Owned” shall have the correlative meanings.

  • Ownership means, for purposes of this definition, control of more than a 50% interest in an entity.

  • Transfer of ownership Includes, but is not limited to, the conveyance of a Mortgaged Property, whether legal or equitable, voluntary or involuntary, by any of the following methods:

  • predatory or similar loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).

  • Deportation or forcible transfer of population means forced displacement of the persons concerned by expulsion or other coercive acts from the area in which they are lawfully present, without grounds permitted under international law;

  • Joint Ownership - (also known as equity JVs) means the establishment by two parent companies of a child company for a specific task within which both parent companies invest in order to overcome the limited capabilities vested within them in order that they can both benefit from the combined investment.

  • Loss of Hand or Foot means complete severance through or above the wrist or ankle joint. (In South Carolina, "Loss of Hand" can also mean the loss of four whole fingers from one hand.)

  • Serious traffic violation means a conviction when operating a commercial motor vehicle of:

  • Transfer of Control means, with respect to an eNote, a MERS eRegistry transfer transaction used to request a change to the current Controller of such eNote.

  • Substantial governmental relationship means the extent of a governmental relationship necessary under Ohio law to make an added guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued "incident to that relationship" if it arises from a clear commonality of interest in the event of an UST release such as conterminous boundaries, overlapping constituencies, common groundwater aquifer, or other relationship other than monetary compensation that provides a motivation for the guarantor to provide a guarantee.

  • Wildlife violation means any cited violation of a statute, law, regulation, ordinance, or administrative rule developed and enacted for the management of wildlife resources and the uses thereof.

  • Change in Ownership means change of ownership of the Bidder/Member in a Bidding Consortium by way of merger/ acquisition/ amalgamation/ reorganisation/ consolidation/ demerger;

  • Home Mortgage Disclosure Act means Home Mortgage Disclosure Act of 1975, as amended.

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • Foster family home means a private home in which children are placed for foster family care under supervision of the cabinet or a licensed child-placing agency;

  • OVI or OVUAC violation means a violation of section 4511.19 of the Revised Code or a violation of an existing or former law of this state, any other state, or the United States that is substantially equivalent to section 4511.19 of the Revised Code.

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

  • Sexually violent predator means a person who:

  • Public nuisance means a building that is a menace to the public health, welfare, or safety, or that is structurally unsafe, unsanitary, or not provided with adequate safe egress, or that constitutes a fire hazard, or is otherwise dangerous to human life, or that in relation to the existing use constitutes a hazard to the public health, welfare, or safety by reason of inadequate maintenance, dilapidation, obsolescence, or abandonment. “Public nuisance” includes buildings with blighting characteristics as defined by Iowa Code section 403.2.

  • Change in Ownership or Control means a change in the ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company determined in accordance with Section 280G(b)(2) of the Code.

  • Serious violation means OCC has made a valid finding when assessing a serious complaint that alleges:

  • Ownership Restrictions means collectively the Ownership Limit as applied to Persons other than the Initial Holder or Look-Through Entities, the Initial Holder Limit as applied to the Initial Holder and the Look-Through Ownership Limit as applied to Look-Through Entities.

  • Family or household members means spouses, domestic partners, former spouses, former domestic partners, persons who have a child in common regardless of whether they have been married or have lived together at any time, adult persons related by blood or marriage, adult persons who are presently residing together or who have resided together in the past, persons sixteen years of age or older who are presently residing together or who have resided together in the past and who have or have had a dating relationship, persons sixteen years of age or older with whom a person sixteen years of age or older has or has had a dating relationship, and persons who have a biological or legal parent-child relationship, including stepparents and stepchildren and grandparents and grandchildren.

  • Minor violation means a violation that is not the result of the purposeful, reckless or criminally negligent conduct of the alleged violator; and/or the activity or condition constituting the violation has not been the subject of an enforcement action by any authorized local, county or state enforcement agency against the violator within the immediately preceding 12 months for the same or substantially similar violation.

  • Foster home means the place of residence of any natural person in which any child, other than a