Initial Ownership Interest definition

Initial Ownership Interest means, with respect to any Investor, the number of Shares held by such Investor immediately prior to completion of the IPO (as set forth in Schedule A hereto).

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Initial Ownership Interest means, with respect to any Stockholder or Sponsor Investor, the number of Share Equivalents held by such Stockholder or Sponsor Investor, as applicable, as of the date hereof or the date such Person first becomes a holder of Shares or Share Equivalents.

Initial Ownership Interest means the interest of the Shareholder in the Borrower equal to the ownership of 92.014% of the Shares and 80.724% of all issued and outstanding shares in the capital of the Borrower (including the Shares and non-voting shares).

Examples of Initial Ownership Interest in a sentence

• The Class A Initial Ownership Interest is $[ ] as of [ ], 1998 (the "Closing Date").

• The Class C Initial Ownership Interest is $[ ] as of the Closing Date.

• The Class B Initial Ownership Interest is $[ ] as of the Closing Date.

• On or prior to the Formation Date, each Founding Shareholder shall make an initial Capital Contribution to the Company and receive an Ownership Interest in accordance with Section 5.1 (Initial Ownership Interest).

• The size of the Board of Directors shall be eight and may from time to time be increased or decreased by the Board of Directors (with the approval of Fiat so long as Fiat remains a Member and the Fiat Group has a Total Interest equal to or exceeding the Fiat Initial Ownership Interest).

• The size of the Board of Directors shall initially be nine and may from time to time be increased or decreased by the Board of Directors (with the approval of Fiat so long as Fiat remains a Member and the Fiat Group has a Total Interest equal to or exceeding the Fiat Initial Ownership Interest).

• The size of the Board of Directors shall initially be nine and may from time to time be increased or decreased by the Board of Directors (with the approval of Fiat so long as Fiat remains a Member and has a Total Interest equal to or exceeding the Fiat Initial Ownership Interest).

• HOKU SOLAR, INC., a Delaware corporation By: /s/ S▇▇▇▇ ▇▇▇▇ Name: S▇▇▇▇ ▇▇▇▇ Title: Chief Operating Officer UFA RENEWABLE ENERGY FUND I, LLC, a Delaware limited liability company By: United Fund Advisors LLC, its Managing Member By: /s/ C▇▇▇▇ ▇▇▇▇▇ Name: C▇▇▇▇ ▇▇▇▇▇ Title: Senior Vice President Hoku Solar Power I, LLC, Signature Page to Operating Agreement Member Capital Contribution Initial Ownership Interest Hoku Solar, Inc.

• Department representatives, agents, and contractors shall have the right to review the plans and specifications and to inspect the Improvements periodically during and after construction.

• The purchase and sale of the Initial Ownership Interest shall take place at the offices of the Bank, 3▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Highway, Greeneville, Tennessee 37745, at 10:00 a.m. on June 26, 2014, or at such other time and place as the Bank and Investor agree in writing (which time and place are designated as the “Initial Closing”).

More Definitions of Initial Ownership Interest

Initial Ownership Interest has the meaning specified in Recital B. --------------------------

Initial Ownership Interest means the undivided ownership interest in the Receivables Pool acquired by the Purchaser pursuant to Section .