Unrelated Third Party definition

Unrelated Third Party means, when used with reference to a specified Person, a Person who is not an “Affiliate” of or “Person Affiliated with” the specified Person.

Unrelated Third Party means a person, corporation, partnership, trust or other entity who is not a Parcel Owner or its successors or assigns and is not an Affiliate under this Agreement. “Affiliate” means: (i) any officer, director, employee or blood related family member of a Party; and (ii) any corporation, partnership, trust or other entity controlling, controlled by or under common control with a Party or any person described in (i) above; and (iii) any officer, director, trustee, general partner or employee of any person described in (ii) above. For purposes of this definition, the term "control" shall also mean the control or ownership of ten percent (10%) or more of the beneficial ownership or fifty percent (50%) of the memberships in the entity referred to.

Unrelated Third Party means a person that, with respect to another person, has a direct or indirect ownership of 5% or less in the other person. A person is also considered to be an unrelated third party when a third person, or group of third persons who are affiliated with each other as defined in this Section, hold a direct or indirect ownership interest of 5% or less in the other person.

Examples of Unrelated Third Party in a sentence

• For the purposes of this Agreement, “Buildable Lot Owner” shall mean the grantee under a deed conveying fee title (or a lessee under a written lease having a term of three years or more) to a Buildable Lot who is an Unrelated Third Party.

• For the purposes of this Agreement, ''Buildable Lot” shall mean a buildable lot of record (excluding outlets) as defined by the City subdivision ordinance being (a) less than one (1) acre in size, (b) within a lawful final plat of the Property or a portion of the Property and (c) conveyed in fee title (or leased in writing for a term of three years or more) to an Unrelated Third Party.

• For the purposes ofthis Agreement, “Buildable Lot” shall mean a buildable lot ofrecord (excluding outlots) as defined by the City subdivision ordinance being (a) less than ten acres in size, (b) within a lawful final plat ofthe Property or a portion of the Property and (c) conveyed in fee title (or leased in writing for a term ofthree years or more) to an Unrelated Third Party.

• For the purposes ofthis Agreement, "Buildable Lot" shall mean a buildable lot of record (excluding outlots) as defined by the City subdivision ordinance being (a) less than ten acres in size, (b) within a lawful final plat of the Property or a portion of the Property and (c) conveyed in fee title (or leased in writing for a term of three years or more) to an Unrelated Third Party.

• For the purposes ofthis Agreement, "Buildable Lot Owner" shall mean the grantee under a deed conveying fee title (or a lessee under a written lease having a term of three years or more) to a Buildable Lot who is an Unrelated Third Party.

More Definitions of Unrelated Third Party

Unrelated Third Party means any Person that is not a Related Party.

Unrelated Third Party means any Person that is not an Affiliate of the Company or any Investor.

Unrelated Third Party means a person, corporation, partnership or other entity other than (a) Waste-Quip, (b) a person, corporation, partnership or other entity in control of, controlled by or under common control with, Waste-Quip, or (c) a Senior Lender (as defined in the SBCC Subordination Agreement).

Unrelated Third Party means a person in which none of Xx. Xxxxxx, his Family Members and/or Family Entities has or will have at any time during the term of this Agreement any direct or indirect economic or voting interest (other than a non-controlling interest in publicly traded equity securities of such person).

Unrelated Third Party means a Person other than the Trust or any Affiliate of the Trust and other than Constellation.

Unrelated Third Party means any person who is not, as of the date of grant of this option, a holder of stock of any class or preference or any stock option of the Company. Except as hereinbefore expressly provided, the issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock then subject to this option. Notwithstanding the foregoing provisions of this paragraph FOURTH, in no event shall the exercise price of this option be less than the par value per share of the Common Stock or other stock for which this option is exercisable. If any adjustment or right specified in this paragraph by its terms would permit the Holder on exercise of this option to purchase any share of Common Stock or any other stock for less than the par value thereof, the Holder shall nevertheless be required to pay such par value as the exercise price under this option. FIFTH: No person shall, by virtue of the granting of this option to the Holder, be deemed to be a holder of any shares purchasable under this option or to be entitled to the rights or privileges of a holder of such shares unless and until this option has been exercised with respect to such shares and they have been issued pursuant to that exercise of this option. The granting or exercise of this option shall not impose upon the Company any obligation to employ or to continue to employ the Holder or to have or continue the Holder in any other position at the Company, and the right of the Company to terminate the employment of the Holder or to remove the Holder from any other position at the Company shall not be diminished or affected by reason of the fact that this option has been granted to, or exercised by, the Holder. The Company shall, at all times while any portion of this option is outstanding, reserve and keep available, out of shares of its authorized and unissued stock or reacquired shares, a sufficient number of shares of its Common Stock to satisfy the requirements of this option; shall comply with the terms of this option promptly upon exercise of the option rights; and shall pay all fees or expenses ...

Unrelated Third Party means any person who is not, on the date of adoption of this Plan by the Board, a holder of stock of any class or preference or any stock option of the Company.