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:
Change of Ownership means a transfer of a controlling legal or
Change of Ownership means the date one Person or Group acquires ownership of stock of Bancorp that, together with stock previously held, constitutes more than 50% of the total fair market value or total voting power of the stock of Bancorp; provided that such Person or Group did not previously own 50% or more of the value or voting power of the outstanding stock of Bancorp.
Examples of Change of Ownership in a sentence
Change of ownership or control of Consultant’s firm may require an amendment to this Agreement.
More Definitions of Change of Ownership
Change of Ownership means (a) any person acquiring or ceasing to have any legal, beneficial or equitable interest in any or all of the shares in the Proposed Operator [and/or insert name of any holding company established for the purposes of the Franchise Letting Process] (including control over the exercise of voting rights conferred on those shares, control over the right to appoint or remove directors and rights to dividends); or (b) where the Proposed Operator is not yet incorporated, any change in the proposed shareholding or other shareholder arrangements in respect of the Proposed Operator;
Change of Ownership means a change in the individual or entity that owns the facility business, a change in the individual or entity responsible for the provision of services at the facility, or both. Events that change ownership include, but are not limited to:
Change of Ownership means:
Change of Ownership means any time a controlling interest in a sole proprietorship, joint venture, partnership, corporation, limited liability company, or any other kind of entity is transferred to another sole proprietor, joint venture, partnership, corporation, limited liability company or any other kind of entity.
Change of Ownership means a change in the controlling interest of an established FMRTF to an individual or successor business entity.
Change of Ownership means a transfer of controlling legal or controlling equitable interest and authority in an air ambulance service.
Change of Ownership means (a) 50% or more of the Equity Interests of Borrower is no longer owned or controlled by (including for the purposes of the calculation of percentage ownership, any Equity Interests into which any Equity Interests of Borrower held by any of the Original Owners are convertible or for which any such Equity Interests of Borrower or of any other Person may be exchanged and any Equity Interests issuable to such Original Owners upon exercise of any warrants, options or similar rights which may at the time of calculation be held by such Original Owners) a Person who is an Original Owner or (b) any merger, consolidation or sale of substantially all of the property or assets of Borrower.