Controlling equity interest definition

Controlling equity interest means ownership of more than 50 percent of the outstanding equity interests of a corporation, partnership, limited liability company or trust.
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Controlling equity interest means the ability of any person, entity or group to direct the management and policies of the Company.
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Controlling equity interest as used herein means the possession, direct or indirect, of the power to direct or cause the direction of the management, and policies of Lender whether through the ownership of voting securities, by contract, or otherwise.
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Examples of Controlling equity interest in a sentence

  • Controlling equity interest shall mean the University’s ownership of equity securities of a licensee sufficient to grant the University the power to direct the licensee’s management.

  • Controlling equity interest for the Company is typically a position of more than 50% beneficial ownership.

Related to Controlling equity interest

  • Equity Interest means with respect to any Person, any shares, interests, participation, or other equivalents (however designated) of corporate stock, membership interests or partnership interests (or any other ownership interests) of such Person.

  • Equity Interests means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock).

  • Disqualified Equity Interest means, with respect to any Person, any Equity Interest in such Person that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition:

  • Subsidiary Equity Interests has the meaning specified in Section 5.6.

  • Controlling Interest means: (1) an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock, or otherwise that exceeds 10 percent; (2) membership on the board of directors or other governing body of a business entity of which the board or other governing body is composed of not more than 10 members; or (3) service as an officer of a business entity that has four or fewer officers, or service as one of the four officers most highly compensated by a business entity that has more than four officers. Subsection (3) of this section does not apply to an officer of a publicly held business entity or its wholly owned subsidiaries.