50% INTEREST definition
50% INTEREST means with respect to any corporation (within the meaning of the Code) stock or other equity interests of such corporation possessing at least 50 percent of the total combined voting power of all classes of stock or equity interests entitled to vote or at least 50 percent of the total value of shares of all classes of stock or equity interests.
50% INTEREST means with respect to any corporation (within the meaning of the Code) stock or other equity interests of such
50% INTEREST is defined in Subsection 3.3 b);
Examples of 50% INTEREST in a sentence
ARTIST ALSO ACKNOWLEDGES ARTIST'S UNDERSTANDING THAT THE AGREEMENT GRANTS TO COMPANY'S PUBLISHING AFFILIATE AN UNDIVIDED FIFTY PERCENT (50%) INTEREST, INCLUDING THE COPYRIGHT INTEREST AND AN UNDIVIDED ONE HUNDRED PERCENT (100%) ADMINISTRATION INTEREST IN THE MUSICAL COMPOSITIONS WHICH ARE WRITTEN, COMPOSED, OWNED AND/OR CONTROLLED BY ARTIST AND EMBODIED ON MASTER RECORDINGS WHICH ARE SUBJECT TO THIS AGREEMENT.
PENALTIES ACCRUE AT A RATE OF 10% PER MONTH, TO A MAXIMUM OF 50%, INTEREST AT 1.5% / MO.