Common use of Beneficial Ownership Rule Clause in Contracts

Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of "Legal Entity Customer" as defined in the Beneficial Ownership Rule. Section 5.02.

Appears in 2 contracts

Samples: Loan Agreement (Lithia Motors Inc), 154304283v7 Loan Agreement (Lithia Motors Inc)

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Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of "Legal Entity Customer" as defined in the Beneficial Ownership Rule. Section 5.02.87 149194398v7

Appears in 1 contract

Samples: Loan Agreement (Lithia Motors Inc)

Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of "Legal Entity Customer" as defined in the Beneficial Ownership Rule. Section 5.02.85

Appears in 1 contract

Samples: Loan Agreement (Lithia Motors Inc)

Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of "Legal Entity Customer" as defined in the Beneficial Ownership Rule. Section 5.02.excluded

Appears in 1 contract

Samples: Loan Agreement (Lithia Motors Inc)

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Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of "Legal Entity Customer" as defined in the Beneficial Ownership Rule. DB1/ 139452285.4144571789.3 81 Section 5.02.

Appears in 1 contract

Samples: Loan Agreement (Lithia Motors Inc)

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