Widely Held definition

Widely Held means, in respect of the Shares of Celestica, that no one Person or group of Persons acting jointly or in concert (within the meaning of Part XX of the Securities Act (Ontario), as the same shall be amended from time to time), other than Onex Corporation, controls securities of Celestica to which are attached more than 33% of the votes that may be cast to elect the directors of Celestica.
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Widely Held means at least 100 individuals are invested in the fund. Note that the focus is on the number of individuals, not the number of investors. For example, if a fund has only 63 investors, but one of the investors is a limited partnership with 200 partners, the fund is widely held.
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Widely Held means, with respect to the Notes, that (a) the Purchasers no longer hold more than 50% of the then outstanding aggregate principal amount at Maturity of the Notes (exclusive of Notes then owned directly or indirectly by the Company, or any of its Subsidiaries or Affiliates) and (b) the Company (i) reasonably believes after due inquiry the number of beneficial owners (as defined in Rule 13d-3 under the Exchange Act) of the Notes (counting for the purpose of this definition all Holders that are Affiliates of each other as one beneficial owner) equals or exceeds twenty-five (25) and (ii) if requested by the Required Holders, delivers to the Required Holders and the Trustee an Officers’ Certificate executed by the Responsible Officer describing in reasonable details the grounds for such belief and the procedures used by the Company to count the number of beneficial owners. For avoidance of doubt, the Trustee’s obligations under clause (ii) of this definition shall be limited solely to keeping such Officers’ Certificate on file with the Trustee and in no event shall the Trustee be liable for the contents of such Officers’ Certificate nor shall it be required to deliver such Officers’ Certificate to the Holders.
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Examples of Widely Held in a sentence

  • The Trustee will report as required under the Widely Held Fixed Investment Trust Regulations to the extent such information as is reasonably necessary to enable the Trustee to do so is provided to the Trustee on a timely basis.

  • The Trustee will make available Widely Held Fixed Investment Trust information to holders annually.

  • Within 10 days after the date, if any, on which the Corridor Contract Grantor Trust becomes a Widely Held Fixed Investment Trust, the Depositor shall notify the Trustee in writing whether the Corridor Contract Grantor Trust is a Widely Held Fixed Investment Trust and if so whether it is a Widely Held Mortgage Trust or a Non-Mortgage Widely Held Fixed Investment Trust.

  • Following the delivery of any such notice the Trustee will report as required under the Widely Held Fixed Investment Trust Regulations to the extent such information as is reasonably necessary to enable the Trustee to do so is provided to the Trustee on a timely basis.

  • Absent receipt of such information, and unless informed otherwise by the Depositor, the Trustee will assume there is no secondary market trading of Widely Held Fixed Investment Trust interests.

  • Each owner of a class of securities representing, in whole or in part, beneficial ownership of an interest in a Widely Held Fixed Investment Trust, by acceptance of its interest in such class of securities, will be deemed to have agreed to provide the Trustee with information regarding any sale of such securities, including the price, amount of proceeds and date of sale.

  • To the extent that the Corridor Contract Grantor Trust is a Widely Held Fixed Investment Trust, the Depositor shall provide the Trustee with information identifying the grantor trust interest holders that are "middlemen" as defined by the Widely Held Fixed Investment Trust Regulations.

  • The Trustee will not be liable for any tax reporting penalties that may arise under the Widely Held Fixed Investment Trust Regulations as a result of the Depositor incorrectly determining the status of the Corridor Contract Grantor Trust as a Widely Held Fixed Investment Trust or failing to identify whether or not the Corridor Contract Grantor Trust is a Widely Held Fixed Investment Trust.

  • The Grantor Trustee will make available Widely Held Fixed Investment Trust information to holders annually.

  • The Grantor Trustee is hereby directed to assume that DTC is the only "middleman" (as such term is defined in the Widely Held Fixed Investment Trust Regulations) unless the Depositor provides the Grantor Trustee with the identities of other "middlemen" that are Certificateholders.


More Definitions of Widely Held

Widely Held means, with respect to any Indebtedness, that no single investor or commonly controlled group of investors (together with any affiliates thereof) Controls more than 25% of the aggregate principal amount of such Indebtedness issue, and there are at least 5 investors and for determining such number, any investor or commonly controlled group of investors (together with the Affiliates thereof) will be considered to be one investor.
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Widely Held means, with respect to the Notes, that (a) the Oak Hill Purchasers no longer hold more than 50% of the then outstanding aggregate Accreted Value of the Notes (exclusive of Notes then owned directly or indirectly by the Company, or any of its Subs or Affiliates) and (b) the Company (i) reasonably believes after due inquiry the number of beneficial owners (as defined in Rule 13d-3 under the Exchange act) of the Notes (counting for the purpose of this definition all holders that are Affiliates of each other as one beneficial owner) equals or exceeds twenty-five (25) and (ii) if requested by the Holders of more than 50% of the then outstanding aggregate Accreted Value of the Notes (exclusive of Notes then owned directly or indirectly by the Company, or any of its Subs or Affiliates), delivers to the requesting Holders and the Trustee an Officer’s Certificate executed by the Responsible Company Officer describing in reasonable details the grounds for such belief and the procedures used by the Company
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Related to Widely Held

  • Widely Held Fixed Investment Trust as that term is defined in Treasury Regulations section 1.671-5(b)(22) or successor provisions.

  • Publicly Held Corporation means a corporation the outstanding voting stock of which is registered under Section 12(b) or 12(g) of the Securities and Exchange Act of 1934, as amended.

  • Widely Held Mortgage Trust as that term is defined in Treasury Regulations section 1.671-5(b)(23) or successor provisions.

  • Transferable interest means the right, as originally associated with a person’s capacity as a member, to receive distributions from a limited liability company in accordance with the operating agreement, whether or not the person remains a member or continues to own any part of the right.

  • Disqualified Non-U.S. Person With respect to a Class R Certificate, any Non-U.S. Person or agent thereof other than (i) a Non-U.S. Person that holds such Class R Certificate in connection with the conduct of a trade or business within the United States and has furnished the transferor and the Certificate Administrator with an effective IRS Form W-8ECI or other prescribed form or (ii) a Non-U.S. Person that has delivered to both the transferor and the Certificate Administrator an Opinion of Counsel of a nationally recognized tax counsel to the effect that the transfer of such Class R Certificate to it is in accordance with the requirements of the Code and the regulations promulgated thereunder and that such transfer of such Class R Certificate will not be disregarded for federal income tax purposes under Treasury Regulations Section 1.860G-3.