Ownership Period definition

Ownership Period means the period from and after the acquisition of the direct or indirect ownership of the Project by Green Courte Real Estate Partners, LLC through the date hereof.

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Ownership Period means for any Project, the period from and after the acquisition of the direct or indirect ownership of the Project by the Company through the date hereof.

Ownership Period means (i) for Projects indirectly owned by American Land Lease, Inc., the period from and after February 18, 2009 (being the date that GCP REIT II acquired approximately 92% of the common stock of American Land Lease, Inc. pursuant to a tender offer) through the date of this Agreement, and (ii) for any other Project, the period from and after the acquisition of the direct or indirect ownership of the Project by GCP REIT II, LLC through the date hereof.

Examples of Ownership Period in a sentence

• To Seller’s Knowledge, during the Seller Ownership Period, all ad valorem, property, production, severance, excise and similar taxes and assessments based on or measured by the ownership of the Assets or the production of Hydrocarbons or the receipt of proceeds of production that have become due and payable have been paid in all material respects prior to becoming delinquent, unless contested in good faith.

• This Agreement shall be effective as of the date hereof and shall continue in force and effect until the earlier of (i) the termination of the Purchase Agreement or (ii) the expiration of the Qualifying Ownership Period, at which time this Agreement shall be of no further force or effect.

• If at any time during the Qualifying Ownership Period an Investor Designee ceases to be considered as an “independent” director, and only if such action would cause the Company to fail to have a majority of independent directors, then the Investor shall designate a Qualified Replacement who qualifies as an “independent director” under applicable law, Nasdaq Stock Market listing standards, and the Company’s Articles of Incorporation.

• During the Ownership Period, all Taxes of the Seller relating to the Transferred Assets and the Assumed Liabilities, whether or not shown to be due on any Tax Return, have been timely and properly paid.

• During the Independent Director Ownership Period, the audit committee of the board of directors of the Purchaser shall include the Independent Director and the Purchaser shall cause the Independent Director to be elected or appointed to such committee, in each case subject to applicable Law.

More Definitions of Ownership Period

Ownership Period means the period during which the Investor and its Covered Affiliates continue to Beneficially Own in the aggregate Common Stock representing at least ten percent (10%) of the aggregate outstanding Common Stock.

Ownership Period is defined in Section 11.3.

Ownership Period means with respect to the Company and its Subsidiaries, the period of time from the date of such entity’s inception to the Closing Date.

Ownership Period has the meaning specified in Section 3.26.

Ownership Period means the period from the closing of the Merger up to the Effective Date.

Ownership Period means that period during which a Shareholder or any affiliate of such Shareholder, or any affiliate of an affiliate owns any shares of the Common Stock.

Ownership Period is defined in Section 4.11(a).