Ownership or Control. (and derivatives thereof) shall mean (i) ownership of record, (ii) “beneficial ownership” as defined in Rule 13d-3 or Rule 16a-1(a)(2) promulgated by the SEC under the Exchange Act, now or hereafter amended, (iii) the power to direct and manage, by agreement, contract, agency or other manner, the voting or management rights or disposition of the voting securities of the Corporation, and/or (iv) definitions of ownership or control under applicable Gaming Laws.
Ownership or Control means twenty percent (20%) or more of the Ownership Interests in Developer. For the purposes of this Agreement, “Ownership Interests” shall mean the members’ rights to share in distributions and other economic benefits of Developer, the members’ rights to participate in decision making, or both. The current members of Developer are identified on Exhibit D attached hereto and incorporated herein by reference. In the event this Agreement is assigned by Xxxxxxxxx, such assignee shall execute all documents required by the City to confirm that such assignee is bound by the terms of this Agreement and agrees to perform all of Developer’s obligations set forth in this Agreement. Further, in the event this Agreement is assigned by Xxxxxxxxx, Xxxxxxxxx agrees to remain jointly and severally liable for all obligations of the Developer (whether to be completed by itself or its assign) under this Agreement. Notwithstanding any provision herein to the contrary, this Agreement and the MRO may be collaterally assigned to a mortgage lender financing the development and completion of the Project.
Ownership or Control. (and derivatives thereof) shall mean (i) ownership of record, (ii) “beneficial ownership” as defined in Rule 13d-3 or Rule 16a-1(a)(2) promulgated
Examples of Ownership or Control in a sentence
If a third party submits a solicited or unsolicited offer to Seller that would result in a Change of Ownership or Control of Seller, as defined below, Seller shall give notice of such offer, including the identity of the offeror, to Purchaser as early as commercially practical following Seller’s receipt of the offer.
Disclosure of Ownership or Control by the Government of a Country that is a State Sponsor of Terrorism.
If the Change in Ownership or Control occurs, Purchaser has the right at its discretion to terminate this Agreement.
DFARS 252.209-7002, Disclosure of Ownership or Control by a Foreign Government (JUN 2010), is incorporated into this solicitation.
Disclosure of Ownership or Control by the Government of a Terrorist Country.
More Definitions of Ownership or Control
Ownership or Control means twenty percent (20%) or more of the Ownership Interests in Developer. For the purposes of this Agreement, “Ownership Interests” shall mean the members’ rights to share in distributions and other economic benefits of Developer, the members’ rights to participate in decision making, or both. The current members of Developer are identified on Exhibit F attached hereto and incorporated herein by reference. If the City and the RDA consents to an assignment of this Agreement by the then current Developer (the “Assigning Developer”) to an assignee (an “Approved Assignee”), in order to effectuate the contemplated assignment of this Agreement, such Approved Assignee shall execute any and all documents required by the City and the RDA (in form and substance acceptable to the City and the RDA and in the City’s and the RDA’s discretion) to confirm that the Approved Assignee is bound by the terms of this Agreement and agrees to perform all of Developer’s obligations set forth in this Agreement (the “Approved Assignee Documents”). Upon the City and the RDA confirming receipt of such Approved Assignee Documents, such Approved Assignee shall become Developer (replacing such Assigning Developer) for purposes of this Agreement and responsible for all Developer obligations under this Agreement as of the date of such Approved Assignee Documents (the “Assignment Date”). The Assigning Developer shall remain liable for all obligations, costs, expenses, liabilities or otherwise of the Developer under this Agreement that arise out of, are due or owing or result from any act or omission of the Assigning Developer prior to the Assignment Date, and the Assigning Developer shall be released from all further liabilities and obligations under this Agreement arising on or after the Assignment Date. The Assigning Developer shall not assign this Agreement to any other party or person other than an Approved Assignee. Any assignment to a party or person other than an Approved Assignee shall be null and void and of no force and effect under the terms of this Agreement and the Assigning Developer shall remain liable as the Developer under this Agreement. Notwithstanding any provision herein to the contrary, this Agreement and the MRO may be collaterally assigned to a mortgage lender financing the development and completion of the Project (the “Lender”). If Xxxxxx intends to foreclose on its collateral and intends to succeed in ownership to any or all of the Property, such Lender shall ex...
Ownership or Control means any direct, indirect, or indirect derivative holding of more than 25 % of the registered capital or voting rights. An indirect holding is calculated by multiplying the percentages of direct holdings divided by one hundred, and by multiplying the result obtained by one hundred, and an
Ownership or Control means ownership or control that is direct or indirect, including ownership or control exercised through subsidiaries or affiliates. In case of differences, the two Parties shall undertake consultations.
Ownership or Control. (and derivatives thereof) shall mean (a) ownership of record, (b) “beneficial ownership” as defined in Rule 13d-3 or Rule 16a-1(a)(2) promulgated by the Commission under the Exchange Act, (c) the power to direct and manage, by agreement, contract, agency or other manner, the voting or management rights or Transfer of the Units, and (d) definitions of ownership or control under applicable Gaming Laws.
Ownership or Control. (and derivatives thereof) shall mean (i) ownership of record,
Ownership or Control means any direct, indirect, or indirect derivative holding of more than 25% of the registered capital or the voting rights. Indirect holding shall be calculated by multiplying the percentages of direct holdings divided by one hundred, and by multiplying the result so obtained by one hundred. The indirect derivative holding shall be calculated by summing up the indirect holdings. The indirect
Ownership or Control means any persons who or which (a) own individually or jointly, directly or indirectly, at least 50% of the voting power, voting stock or other vesting interest of a Party or (b) possess individually or jointly, directly or indirectly, the power to direct or cause the direction of the management and policies of or with respect to a Party, whether through ownership of securities, by contract or otherwise;