Equity Ownership Interest definition
Equity Ownership Interest means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interest and limited liability company membership interest, and any and all warrants, rights or options to purchase any of the foregoing (excluding Buy/Sell Arrangements so long as the obligations to purchase the interests in respect thereof are contingent), provided, that for purposes of the definition “Subsidiary” only, preferred or similar equity or ownership interests in a Person shall not constitute Equity Ownership Interests to the extent such interests (A) do not have voting power with respect to such Person, (B) whether by law, contract or otherwise, do not permit the creditors of such Person to have recourse against the holders of such interests with respect to the obligations and liabilities of such Person, (C) does not provide for redemption either (i) at the option of the holder, whether contingent or otherwise, (ii) at the option of the issuer, whether contingent or otherwise, or (iii) upon the occurrence of a certain event or condition (including, without limitation, the passage of time) and (D) are not exchangeable for or convertible into other equity interests except those which also satisfy the criteria set forth in clauses (A), (B) and (C) above.
Equity Ownership Interest means any and all shares, interests, ------------------------- participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interest and limited liability company membership interest, and any and all warrants, rights or options to purchase any of the foregoing (excluding Buy/Sell Arrangements so long as the obligations to purchase the interests in respect thereof are contingent).
Equity Ownership Interest means any and all shares, interests, ------------------------- participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interest and limited liability company membership interest, and any and all warrants, rights or options to purchase any of the foregoing (excluding Buy/Sell Arrangements so long as the obligations to purchase the interests in respect thereof are contingent); provided, that for purposes of the definitions of "Allocation -------- Percentage" and "Subsidiary" only, preferred or similar equity or ownership interests in a Person shall not constitute Equity Ownership Interests to the extent such interests (A) do not have voting power with respect to such Person (other than voting power obtained because of an event of default of a Joint Venture formed in connection with a Permitted Portfolio Transaction), (B) whether by law, contract or otherwise, do not permit the creditors of such Person to have recourse against the holders of such interests with respect to the obligations and liabilities of such Person, (C) provide for redemption either (i) at the option of the holder, whether contingent or otherwise, (ii) at the option of the issuer, whether contingent or otherwise, or (iii) upon the occurrence of a certain event or condition (including, without limitation, the passage of time) and (D) are not exchangeable for or convertible into other equity interests except those which also satisfy the criteria set forth in clauses (A), (B) and (C) above.
Examples of Equity Ownership Interest in a sentence
Each Contributing Stockholder shall contribute its proportionate share of such Capital Contribution (based on its Equity Ownership Interest) in accordance with the funding schedule set forth in the Capital Contribution Notice, subject, if applicable, to the provisions of Section 6.5(b).
More Definitions of Equity Ownership Interest
Equity Ownership Interest. Core Assets," "Indebtedness," "Joint Venture," "New Hotel," "New Hotel Indebtedness," "Reinvestment Deferred Amount," "Reinvestment Notice," Reinvestment Prepayment Amount," "Reinvestment Prepayment Date," "Responsible Officer," "Subsidiary," "Total Adjusted EBITDA" and "Total Cash Interest Expense" contained in Section 1 of the Increasing Rate Note Purchase and Loan Agreement are hereby amended to read in their entirety as follows:
Equity Ownership Interest shall, with respect to any Stockholder, mean the fraction (a) having as its numerator the number of shares of Common Stock, whether voting or non-voting (calculated on a fully-diluted basis) held beneficially by such Stockholder on the date of determination and (b) having as its denominator the aggregate number of shares of Common Stock, whether voting or non-voting (calculated on a fully-diluted basis) issued and outstanding on such date.