Indirect beneficial owner means an individual or entity who indirectly, through any contract, arrangement, understanding, relationship or otherwise, owns ten percent (10%) or more of the equity interests of a grower, processor, or dispensary.
Indirect beneficial owner means a Person who beneficially owns any securities within the meaning of Sections 1(c)(ii) or 1(c)(iii). As to such securities, such Person is an Indirect Beneficial Owner.
Indirect beneficial owner. (including the term "Indirectly Beneficially Own") means a natural person (including in his capacity as trustee) or ultimate parent entity, with respect to Membership Units or shares of Common Stock that are not held of record by such Person, that Beneficially Owns equity interests (regardless of whether voting or non-voting interests) (i) directly in any entity that is the holder of record of Membership Units or shares of Common Stock or (ii) indirectly through one or more entities that own equity interests (regardless of whether voting or non-voting interests) in the entity that is the holder of record of Membership Units or shares of Common Stock, and the number of Membership Units or shares of Common Stock that such Person shall be deemed to "Indirectly Beneficially Own" (even if such Person Beneficially Owns (directly or indirectly) less than all the equity interests of the record holder of Membership Units or shares of Common Stock but nevertheless Controls such record holder) shall be equal to (x) the number of Membership Units or shares of Common Stock held by the record holder thereof multiplied by (y) such Person's direct or indirect equity interest in such record holder.
Examples of Indirect beneficial owner in a sentence
Indirect beneficial owner is any natural person who controls one or more legal entities that together hold more than 25% of the capital or voting rights in the company.
More Definitions of Indirect beneficial owner
Indirect beneficial owner shall include X'Xxxxx, Webster, Ziegler, NXA, Siem and Xxxxxxxx and shall not include PRD, N78 or Prosperity. II.
Indirect beneficial owner as used herein shall include, in addition to each control person of the original Stockholders signatory to the Stockholders Agreement, each of whom is also an original signatory to this Agreement, any control person of any transferee of any Stockholder that is required to execute and deliver an Adoption Agreement pursuant to Section 11.1 of the Stockholders Agreement, any transferee of or successor to any Indirect Beneficial Owner with respect to any indirect beneficial interest in any shares and any person who hereinafter becomes a control person of any Reporting Person, in each respect, only so long as such person is a beneficial owner, within the meaning of Section 13(d) of the Exchange Act and the rules and regulations promulgated by the Commission thereunder, of any shares that are subject to the terms of the Stockholders Agreement.
Indirect beneficial owner means an individual or entity whoindirectly, through any contract, arrangement, understanding, relationship or otherwise, owns ten percent (10%) or more of theequity interests of a grower, processor, or dispensary.