Significant Minority Owner definition
Significant Minority Owner means, with respect to any Shareholder, any Person (other than London or any Controlled Affiliate) that (a) directly owns any outstanding equity interests in such Shareholder and (b) indirectly owns 10% or more of the Voting Securities by virtue of the direct ownership by such Person and its Affiliates (but excluding London or any Controlled Affiliate) of equity interests of such Shareholder and any other Shareholder. For this purpose, a Person’s indirect ownership by virtue of the ownership of equity interests of a Shareholder shall be calculated by multiplying the percentage of the outstanding Voting Securities directly or indirectly Beneficially Owned by such Shareholder (disregarding any Voting Securities Beneficially Owned by any other Shareholder that is not Beneficially Owned by such Shareholder) by the percentage of the outstanding equity interests of such Shareholder Beneficially Owned by such Person.