Split Ownership definition

Split Ownership here means a situation where all the Policies in the Bond do not belong to the same Policyholder(s).
Sample 1Sample 2Sample 3
Split Ownership here means a situation where all the Policies in the Bond do not belong
Sample 1
Split Ownership means the ownership of a certain percentage of the actual artwork that the member can purchase through the platform.
Sample 1

Examples of Split Ownership in a sentence

  • The following two subsections (Section 3.2.1 and Section 3.2.2) summarise the main modelling issues for Split Ownership, Shared Revenue and Joint Venture projects.

  • As explained in Section 3, therefore the number of inputs the Community needs for a Joint Venture project will be much higher than for a Split Ownership or Joint Venture deal.

  • From a modelling perspective a Shared Revenue model will require very similar inputs to a Split Ownership model, as in both cases the communities’ investment is in effect a ‘standalone’ investment, albeit a standalone investment with additional non-project related development costs and maybe Community specific operating costs.

  • Table 2 is a screenshot of the ‘Outputs’ worksheet for Scenario 1 (the Split Ownership example).

  • However, with Shared Revenue the assumption is the licence is treated as an intangible asset that is gradually being ‘built up’ and contributed to so both the costs incurred and the interest costs incurred can be capitalised. Once the assets are commissioned the assumption is that with Split Ownership they are depreciated on a straight line basis over the asset life.

  • For the Shared Revenue and Split Ownership models there is no need for the Community to know exactly how much the project has cost the Other Investor or even whether the Other Investor is making any ‘profits’ from selling part of the project to the Community.

  • Apart from the different Shared Ownership routes (Split Ownership, Shared Revenue and Joint Venture) the only other differences are that: In all scenarios the total project cost (shown in [ 16A ], [ 16B ], [ 16C ], [ 16D ], [ 16E ], [ 16F ], [ 16G ] and [ 17B ] )is the same.

  • The two main accounting assumptions are:  With Split Ownership deals the project related development and construction costs incurred by the Community can be capitalised, but the interest incurred during the development phase and construction phase cannot be capitalised for the asset only officially transfers at the point of commissioning.

  • For this reason many of inputs at the bottom of worksheets ‘Non-time based inputs’, ‘Development costs’ and ‘Construction costs’ ( [ 16E ] , [ 16F ] , [ 16G ] , [ 17B ] , [ 37 ] , [ 38 ] , [ 39 ] , [ 40 ] , [ 41 ] , [ 42 ] , [ 43 ] , [ 44 ] ,[ 44 ] and [ 45 ] ) are shaded in light grey [  ] and do not need to be considered for Shared Revenue and Split Ownership projects.

  • Against the scenarios there are then 36 cells where numbers or information needs to be entered for Split Ownership or Shared Revenue.

Related to Split Ownership

  • 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.

  • Common ownership means that more than 50% of the voting control of each member of a combined group is directly or indirectly owned by a common owner or owners, either corporate or non-corporate, whether or not the owner or owners are members of the combined group. Whether voting control is indirectly owned shall be determined in accordance with section 318 of the federal Internal Revenue Code, 26 U.S.C. s.318.

  • Stock Ownership means any direct or indirect ownership of Stock, including any ownership by virtue of application of constructive ownership rules, with such direct, indirect, and constructive ownership determined under the provisions of Section 382 of the Code and the regulations thereunder.

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

  • Change of Ownership means a change in the individual or legal organization that is responsible for the operation of a nursing facility. Change of ownership does not include changes in personnel, e.g., a change of administrators. Events that change ownership include, but are not limited to, the following:

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

  • Percentage Stock Ownership means the percentage Stock Ownership interest of any Person or group (as the context may require) for purposes of Section 382 of the Code as determined in accordance with the Treasury Regulation § 1.382-2T(g), (h), (j) and (k) or any successor provision.

  • Ownership Change means a change in a hospital’s owner, lessor, or operator under 42 CFR 489.18(a).

  • Constructive Ownership means ownership of Shares by a Person, whether the interest in the 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.

  • Split-Off has the meaning set forth in the Recitals.

  • Shared Ownership Lease means a shared ownership lease that meets:

  • 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.

  • Split shift means a work schedule, which is interrupted by non-paid non-working periods established by the employer, other than bona fide rest or meal periods.

  • Certificate of ownership means a paper or an electronic

  • 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.

  • 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:

  • MHC means Prudential Mutual Holding Company, the parent mutual holding company for the Corporation and the Bank.

  • Cost sharing means the respective share of Total Project Costs to be contributed by the Applicant and by DOE. The percentage of Applicant Cost Share is to be applied to the Total Project Cost (i.e., the sum of Applicant plus DOE Cost Shares) rather than to the DOE contribution alone.

  • Substantial Block means a number of shares of Voting Stock which have 10% or more of the aggregate voting power of all outstanding shares of Voting Stock.

  • Percentage Ownership means, as to any Stockholder and as of any date, the percentage equal to (i) the aggregate number of shares of Common Stock held by such Stockholder on a fully diluted as-converted basis divided by (ii) the total number of outstanding shares of Common Stock of the Company on a fully diluted, as-converted basis.

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

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).

  • Sponsorship means the sponsorship element of the Package as set out in the Application Form; and

  • 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;

  • Company Joint Venture means, with respect to the Company, any corporation or other entity (including partnerships, limited liability companies and other business associations and joint ventures) in which the Company, directly or indirectly, owns an equity interest that does not have voting power under ordinary circumstances to elect a majority of the board of directors or other person performing similar functions but in which the Company has rights with respect to the management of such Person.

  • Ownership Percentage with respect to any Member means the percentage of ownership of a Member determined by taking the total Capital Units held by such Member divided by the aggregate total number of issued and outstanding Capital Units.