Majority Ownership Sample Clauses
The Majority Ownership clause defines the threshold of ownership—typically more than 50% of voting shares or interests—required for a party to be considered the controlling owner of a company or asset. In practice, this clause determines who has the authority to make significant decisions, such as approving mergers, amending governing documents, or appointing key executives. By clearly establishing what constitutes majority ownership, the clause helps prevent disputes over control and ensures that decision-making power is allocated according to agreed-upon ownership stakes.
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Majority Ownership. The Company shall not take any action that would cause the Investors (collectively) to Beneficially Own more than fifty percent (50%) of the Company Ordinary Shares or other Voting Securities, or any securities convertible into, or exercisable or exchangeable for, Company Ordinary Shares or other Voting Securities; provided that if the Investors (collectively) do come to Beneficially Own more than fifty percent (50%) of the Company Ordinary Shares or other Voting Securities, or any securities convertible into, or exercisable or exchangeable for, Company Ordinary Shares or other Voting Securities as a result of an action taken by the Company in violation of this Section 3.4 (the number of securities in excess of such fifty percent (50%) level, the “Excess Shares Amount”), the Shareholder and each Investor may Transfer a number of Equity Securities equal to the Excess Shares Amount freely without regard to the transfer restrictions set forth in Section 3.1.
Majority Ownership. It is the intent of the parties that, through the issuance of the Shares, Buyer shall own 51% of all outstanding voting power of Seller immediately after the Closing, after giving effect to the full exercise or conversion of all outstanding options, warrants, rights to purchase capital stock, or securities convertible into shares of capital stock, regardless of whether such options, rights, warrants or convertible securities are now exercisable or convertible (but excluding unissued stock options under Seller's stock option plans). If for any reason (such as, for example, identification of relinquished stock or identification of unissued stock options) Buyer is issued shares of Common Stock that result in Buyer having more than such 51% voting power, then not later than 20 days hereafter, Buyer shall relinquish (without compensation) such number of the Shares as is necessary to reduce Buyer's holdings to exactly 51% of such voting power.
Majority Ownership. The Shares, immediately following consummation of the Exchange, shall constitute a majority of the issued and outstanding Company Common Stock.
Majority Ownership. For so long as any Investor is a “United States shareholder” within the meaning of Section 951(b) of the Code (a “United States Shareholder”), the Company shall not take any actions out of the ordinary course of business that would reasonably be expected to cause the Company to be a CFC. Neither the Investors nor the Company shall take any action that would cause the Investors (collectively) to own (within the meaning of Section 958(a) of the Code) more than fifty percent (50%) of either (i) the total combined voting power; or (ii) the total value of the stock of the Company, either alone or together with one or more Persons who are United States Shareholders of the Company; provided that if the Investors (collectively) do come to own more than fifty percent (50%) of the vote or value of the Company, either alone or together with one or more United States Shareholders (the number of securities in excess of such fifty percent (50%) level (by vote or value), the “Excess Shares Amount”), the Shareholders and each Investor may Transfer a number of Equity Securities of the Company equal to the Excess Shares Amount freely without regard to the transfer restrictions set forth in Section 3.1. For purposes of this Section 3.4, the term “Equity Securities” shall also include any interest treated as Equity Securities of the Company for U.S. federal income tax purposes.
Majority Ownership. Upon Completion, the Purchaser shall hold sixty percent (60%) of the issued share capital of the Company and shall be entitled to exercise all rights customarily attaching to a majority shareholder, including board control and governance rights as set out in Clause 9.
Majority Ownership. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ agrees that during the term of this Agreement, he or a trust created by ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ for the benefit of his family shall continuously maintain majority ownership in the hotel. Majority interest shall be defined as at least 51% percent ownership of the entity that holds fee title to the hotel and parking structure. Adequate documentation to verify the majority ownership interest shall be provided to the City as part of the annual certification required pursuant to paragraph 8 of the Tax Abatement signed by the parties on the same date as this Agreement. Failure of ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ or a trust created by ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ for the benefit of his family to maintain an majority ownership interest shall constitute an event of default that may, at the option of the City, result in immediate termination of this Agreement without notice of any kind to HOTEL DON QUIXOTE or to ▇▇▇▇▇ ▇. ▇▇▇▇▇▇. Provided however, the parties agree that the death of ▇▇. ▇▇▇▇▇▇ during the term of the Agreement and the transfer of his ownership interest to his heirs shall not be an event of default. The signature of ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, in his individual capacity, affixed to this Agreement is for the limited purpose of evidencing his knowledge and agreement this paragraph.
Majority Ownership. Solely with respect to the Initial Closing, immediately after the Initial Closing, HTIT will own more than 50% of the Shares of the Company on a fully-diluted basis.
Majority Ownership. Syncona Portfolio Limited beneficially owns, and will beneficially own as of immediately prior to the Closing Time, at least a majority of the Company’s outstanding Ordinary Shares.
Majority Ownership. Should changes occur in the current controlling ------------------- ownership or current senior management of MSHE, upon such event HZE reserves the right to issues shares of common stock of HZE to current minority owners of HZE at a ratio of 3 new shares of HZE for every currently owned share of HZE. Execution of this right will result in MSHE becoming a minority shareholder of HZE.