Effective ownership interest definition

Effective ownership interest means any person who is entitled or permitted, directly or indirectly, to share in at least twenty-five percent (25%) of the ownership interests of an entity, or to vote for or against a manager.
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Effective ownership interest means, on any date of determination, an undivided percentage interest in all then outstanding Receivables and all Related Security and Collections with respect thereto equal to the percentage computed pursuant to the following formula: NPB - RR where: E= the Exposure. RR= the Required Reserve. NPB= the Net Pool Balance. Until the Amortization Date, the Effective Ownership Interest shall be automatically recomputed (or deemed to be recomputed) on each day prior to the Amortization Date. On and after the Amortization Date the percentage represented by the Effective Ownership Interest shall at all times be 100%.
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Examples of Effective ownership interest in a sentence

  • The following table describes the Partnership's network of subsidiary and joint venture owned natural gas and crude oil pipelines as of December 31, 1999: NEPTUNE AND OCEAN BREEZE DEEPWATER HOLDINGS -------------------------------- EAST GREEN ------------------- MANTA ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ UTOS BREAKS STINGRAY CANYON TARPON OFFSHORE NAUTILUS ▇▇▇▇▇ POSEIDON ALLEGHENY ---- ----- ------ -------- ------ ------ -------- -------- ------ -------- --------- Effective ownership interest................

  • The following table and discussions describe our network of subsidiary and joint venture owned natural gas and crude oil pipelines as of December 31, 2000: VIOSCA INTRASTATE- EAST GREEN ▇▇▇▇▇(1) ALABAMA(2) HIOS BREAKS(3) UTOS(4) STINGRAY(4) CANYON(4) TARPON(4) Effective ownership interest...............