Direct Owner definition

Direct Owner means each Subsidiary of the Borrower that directly owns, or is the ground lessee of, an interest in any Property.
Direct Owner means, with respect to any Person, any other Person who has any direct ownership interest in such Person.
Direct Owner has the meaning specified in the definition ofUnencumbered Eligible Property”.

Examples of Direct Owner in a sentence

  • The General Contractor shall work diligently with the Owner’s Purchasing & Procurement Department on the Direct Owner Purchase program for each contract.

  • Criminal Record History of Direct Owner, Indirect Owner(s) and Manager15.

  • Each direct and indirect Wholly Owned Subsidiary of the Borrower that is the Direct Owner of an Unencumbered Property or an Indirect Owner of any such Direct Owner and each of which shall be organized under the laws of a State in the United States.

  • Direct Owner Purchase: The purchase of materials and/or equipment that were originally included in the construction cost breakdown but are now purchased directly by the university to save the tax dollars associated with those items.

  • SCHEDULE 4.3 Ownership of Borrower and Subsidiaries Name of Subsidiary Direct Owner Number of Shares Authorized Number of Shares Outstanding Ownership Percentage Jurisdiction of Organization Francesca’s Collections, Inc.


More Definitions of Direct Owner

Direct Owner means each Subsidiary of the Borrower that directly owns any Eligible Loan Asset.
Direct Owner means, (i) as to any Unencumbered Property that is owned by or ground leased to a Subsidiary of the Borrower, the Subsidiary of the Borrower that directly owns or ground leases such Unencumbered Property and (ii) as to any Unencumbered First Mortgage Receivable held by a Subsidiary of the Borrower, the Subsidiary of the Borrower that directly holds such Unencumbered First Mortgage Loan Receivable.
Direct Owner has the meaning specified in the definition ofEligible Property.”
Direct Owner has the meaning set forth in the definition of Unencumbered Asset.
Direct Owner means someone with an active ownership interest in the disclosing entity.
Direct Owner means, as to any Eligible Asset that is owned by or ground leased to a Subsidiary of the Borrower, any Subsidiary of the Borrower that directly owns or ground leases a portion of such Eligible Asset.
Direct Owner means each Subsidiary of the Company that directly owns, or is the ground lessee of an interest in, any Unencumbered Portfolio Property.