Indirect Shareholding definition

Indirect Shareholding has the meaning set forth under Paragraph 3.2.2;
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Indirect Shareholding means shareholding in a bank through an entity owned by a direct shareholder with ten percent or more ownership in the entity or through his children who attained the age of legal majority or through any other conditions as may be determined by the National Bank.
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Indirect Shareholding means that a natural person holds shares in a company via one or multiple persons or a chain of persons 17 A company's beneficial owner is any natural person whose direct or indirect shareholding or sum of all direct or indirect shareholdings in the company exceeds 25 percent; this also includes bearer shares and all other forms of shareholding.
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Related to Indirect Shareholding

  • Shareholding means the holding by a Member of a Share or Shares (whether in a class or not);

  • Controlling shareholding means not less than 51% of the voting rights or paid up share capital in the Company/Consortium.

  • Subject Shares means that number of Shares set forth on the Securityholder’s signature page attached to this Agreement, being all of the Shares owned legally or beneficially, either directly or indirectly, by the Securityholder or over which the Securityholder exercises control or direction, either directly or indirectly, and shall further include any Shares issued upon the conversion, exercise or vesting, as applicable, of Convertible Securities or otherwise acquired by the Securityholder after the date hereof.

  • Voting Shares means shares of any class of a corporation having under all circumstances the right to vote for the election of the directors of such corporation, provided that, for the purpose of the definition, shares which only carry the right to vote conditionally on the happening of an event shall not be considered Voting Shares whether or not such event shall have happened.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.