30% Ownership definition

30% Ownership means the ownership or holding, individually or jointly, directly or indirectly, through any Person, of 30% or more of the capital stock or its equivalent in an Entity or of any right which such Person or Persons grants the authority to vote or exercise similar rights on 30% or more of the capital stock of an Entity.
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Examples of 30% Ownership in a sentence

  • B▇▇▇ Capital shall have the right to designate (i) a majority of the Directors serving on each committee for so long as B▇▇▇ Capital satisfies the 30% Ownership Threshold and (ii) at least one Director serving on each committee for so long as B▇▇▇ Capital has the right to nominate as least one Director under Section 4.1.2; provided that, in each case, the composition of each committee shall comply with applicable securities laws and the rules and regulations of Nasdaq.

  • Concurrent with its execution of this Agreement UNEXCO shall reimburse BOG for UNEXCO's 30% Ownership Interest share of all payments which have been made by BOG pursuant to the terms of the Sable Agreement prior to the Parties' execution of this Agreement.

  • B▇▇▇ Capital shall have the right to designate the Chairman of the Board for so long as B▇▇▇ Capital satisfies the 30% Ownership Threshold.

  • The aggregate cash purchase price of the 30% Ownership Interest shall be Nine Million Five Hundred Thousand and No/100’s US Dollars (US$9,500,000.00) (the “Cash Purchase Price”); and at the Closing, Purchaser shall pay the Cash Purchase Price, in US Dollar currency, to Wolverine for the benefit of Seller in good funds by wire transfer to the account identified in Annex III.

  • Assuming the accuracy of the representations of Purchaser in Section 6(e), the offer and sale of the 30% Ownership Interest by Seller are, or will be, exempt from registration under Applicable Laws.

  • Purchaser wishes to purchase from Seller, and Seller is willing to sell to Purchaser, the 30% Ownership Interest, which constitutes thirty percent (30%) of the ownership interest in W/Investments on the Effective Date, subject to the terms and conditions contained herein, for the cash payment and other consideration provided in this Agreement.

  • The provisions of Sections 3.0 (Ownership and License Grant), 5.0 (Technical Support), 7.4 (Survival), 8.0 (Warranties and Indemnification), and 9.0 (Confidentiality), 10.0 (Jurisdiction and Applicable Law), and 11.0 (Miscellaneous) shall survive termination of this Agreement for any reason.

  • You further acknowledge and understand that you shall not during the term of this Agreement use your relationship with the Company (or the information gained therefrom) to divert or attempt to divert any business from the Company to a company that provides consulting and advisory or application services in competition with the Company, including your own, in violation of Sections 2.0 (Confidentiality) and 3.0 (Ownership).

  • The parties agree that the date of the new partnership income tax return for the purposes of the ownership of the 30% Ownership Interest by Purchaser shall begin as between the parties hereto as of the Closing Date as a result of the transactions contemplated herein.

  • Anything to the contrary contained above notwithstanding, the Parties recognize that BOG has already made payment to WGC for lease bonuses that have already been paid to obtain Leases (including the First State Lease) within the AMI and concurrent with its execution of this Agreement, UNEXCO shall reimburse BOG for UNEXCO's 30% Ownership Interest share of the payments previously made to WGC.