Controlling Equity definition

Controlling Equity means holding not less than 51% of the paid up equity share capital;
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Controlling Equity means holding more than 51% of the paid up equity share capital;
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Examples of Controlling Equity in a sentence

  • All Persons Owning or Controlling Equity Interests shall comply with all applicable Gaming Laws, including any provisions of such Gaming Laws that require such Person to file applications for Gaming Licenses with, and provide information to, the applicable Gaming Authorities.

  • Supersedes: Educational Materials dated April 14, 1967, Patent and Technology Transfer dated October 10, 1986, Intellectual Property adopted October 8, 1999, Use of Royalty Income to Support Technology Commercialization adopted March 12, 2004, and Acquiring Controlling Equity Interests in Technology Licensees adopted December 8, 2006.

  • Seller has settled all receivables or payables, loans or other amounts due or owed which were existing and outstanding at any time prior to the Closing between Seller, any of Seller’s Subsidiaries, any other Person in which Seller holds, directly or indirectly, Controlling Equity Interests (other than the Company) or any of their respective directors or officers, on the one hand, and the Company, on the other hand.

  • The language of Section 5(j), "Transfer of Controlling Equity Interest", of the Guarantee Agreement is hereby amended so that the clause "any shares of the borrower's capital stock unless such transfer" is replaced with "any shares of the Borrower's capital stock resulting in a transfer in controlling equity interest unless such transfer".

  • Each Member hereby designates the Member Controlling Equity Holder as its duly authorized representative to act on behalf of, and bind such Member in connection with any and all approvals and acts of any nature whatsoever required hereunder, any and all decisions to be made, and any and all actions to be taken hereunder.

  • Advance Threshold”), the outstanding Principal Balance of the Note shall automatically convert into equity ownership of WOD equal to one WOD Unit for each Ten Thousand Dollars (USD $10,000) of advances made to WOD by Company on the Credit Line (the “Note Conversion”), pursuant to Schedule 1.2 below, equal to not less than a total of sixty percent (60%) of the ownership interest of WOD, the Controlling Equity Ownership, as defined in this Schedule 1.1 hereinabove.