Direct Ownership definition

Direct Ownership means ownership of an equity interest in an enterprise where such equity interest comprises:

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Direct Ownership means an interest through the possession of stock, equity in capital or any interest in the profits of the Applicant.

Direct Ownership means ownership of an equity interest in an enterprise where such equity interest comprises: 45.2.9.1 the right to participate in the voting rights in that enterprise; 45.2.9.2 the right to receive unencumbered economic interest (such as dividends) flowing to the shareholders of that enterprise; and 45.2.9.3 Broad-based BEE schemes, employee share option schemes (ESOPs) and other employee share schemes, where the beneficiaries have the unconditional right to receive economic benefits and the capacity to elect and remove trustees, are specifically recognised as direct ownership. The flow-through principle will be applied to determine the level of black ownership represented by the employee share option scheme; 45.2.9.4 Direct ownership is measured as being the lower of the level of black participation in voting rights and black participation in the unencumbered economic interest of an enterprise, measured using the flow-through principle;

Examples of Direct Ownership in a sentence

• Direct Ownership Interest — The ownership of stock, equity in capital or any interest in the profits of the disclosing entity.

• Direct Ownership Entities are frequently owned, in whole or in part, by other companies, which, in turn, may be owned by other companies and so on.

• These conditions include contractual provisions that insure that the party to whom the security interest is granted will be limited to obtaining an interest in the proceeds of the sale of the stock but will never exercise any practical control over the dealership or the Direct Ownership Entity.

• The grant of a security interest in the shares of a Direct Ownership Entity effects a change in the beneficial ownership of a Dealership Operations and would, in the event of a default by the Dealer Owner who has granted such security interest, vest control and/or ownership of the Dealership Operations in the party to whom the security interest has been granted.

• Subject to the terms and conditions of this Agreement, the Sellers will sell, transfer and deliver to the Purchaser, and the Purchaser will purchase, the Ownership Interests directly owned by the Sellers as set forth on Schedule 1 (the "Direct Ownership Interests") on the Closing Date.

More Definitions of Direct Ownership

Direct Ownership means ownership of an equity interest together with control over voting rights attaching to that equity interest;

Direct Ownership means the possession of stock, equity in capital or any interest greater than 5 percent of the health care entity.

Direct Ownership means the possession of stock, equity in capital, or any interest greater than 5 percent of the facility or agency.

Direct Ownership means ownership of an equity interest in an enterprise where such equity interest comprises : the right to participate in the voting rights in that enterprise; the right to receive unencumbered economic interest (such as dividends) flowing to the shareholders of that enterprise; and Broad-based BEE schemes, employee share option schemes (ESOPs) and other employee share schemes, where the beneficiaries have the unconditional right to receive economic benefits and the capacity to elect and remove trustees, are specifically recognised as direct ownership. The flow-through principle will be applied to determine the level of black ownership represented by the employee share option scheme; Direct ownership is measured as being the lower of the level of black participation in voting rights and black participation in the unencumbered economic interest of an enterprise, measured using the flow-through principle;

Direct Ownership means ownership of an equity interest in an enterprise where such equity interest comprises of:

Direct Ownership means the holding of legal title to an interest in a provider of settlement service except where title is being held for the beneficial owner.

Direct Ownership means ownership of an equity interest in an enterprise where such equity interest comprises: 1.7.4.1. the right to participate in the voting rights in that enterprise; 1.7.4.2. the right to receive unencumbered economic interest (such as dividends) flowing to the shareholders of that enterprise; and 1.7.4.3. Broad-based B-BBEE schemes, employee share option schemes (ESOPs) and other employee share schemes, where the beneficiaries have the unconditional right to receive economic benefits and the capacity to elect and remove trustees, are specifically recognised as direct ownership. The flow- through principle will be applied to determine the level of black ownership represented by the employee share option scheme; 1.7.4.4. Direct ownership is measured as being the lower of the level of black participation in voting rights and black participation in the unencumbered economic interest of an enterprise, measured using the flow-through principle; 1.7.4.5. employment related expenditure; 1.7.4.6. procurement from public utilities and natural monopolies; and 1.7.4.7. facilitated procurement by travel agencies or other travel distribution providers where the choice of service provider remains with the consumer;