Majority Ownership definition

Majority Ownership of an entity means ownership interests representing more than fifty percent (50%) of the total fair market value or of the total voting power of all ownership interests in the entity; “Group” has the meaning provided in Code Section 409A and its interpretive regulations with respect to changes in ownership, effective control, and ownership of assets; and an individual who owns a vested option to purchase either stock or another ownership interest is deemed to own that stock or other ownership interest.
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Majority Ownership or “Majority Owner” means a Person, group of Persons, a Business Entity or group of Business Entities who are Owners of, or otherwise control fifty-one percent (51%) or more of the equity interest, voting rights, and profits interest in a Cannabis Business on a fully diluted basis;
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Majority Ownership means voting control of more than 50 percent of all ownership interests in a Project.
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Examples of Majority Ownership in a sentence

  • The Offering Range will be equal to the Appraised Value Range multiplied by the Majority Ownership Interest.

  • The number of shares of Conversion Stock issued in the Conversion will be equal to the estimated pro forma consolidated market value of the Holding Company, as may be amended, divided by the Subscription Price, and the number of Subscription Shares issued in the Offering will be equal to the product of (i) the estimated pro forma consolidated market value of the Holding Company, as may be amended, divided by the Subscription Price, and (ii) the Majority Ownership Interest.

  • The Offering Range will be equal to the Appraised Value Range multiplied by the Majority Ownership Interest (as adjusted to reflect assets held by the Mutual Holding Company (other than shares of stock of the Mid-Tier Holding Company)).

  • The Offering Range will be equal to the Appraised Value Range multiplied by the Majority Ownership Percentage.

  • Information on Majority Ownership in Part and certification requirements at time of submission for these proposing small business concerns are detailed in the section titled ADDITIONAL SUBMISSION CONSIDERATIONS.

  • If the contractor receives a Form CMS-855A application reporting an HHA ownership change (and unless a CMS instruction or directive states otherwise), it shall undertake the following steps: Step 1 – Change in Majority Ownership The contractor shall determine whether a change in direct majority ownership has occurred.

  • Until the Majority Ownership Requirement is no longer met, any action required or permitted to be taken by the stockholders of the Corporation may be effected by the consent in writing of the holders of a majority of the total voting power of the Corporation entitled to vote thereon, voting together as a single class in lieu of a duly called annual or special meeting of stockholders.

  • The Corporation will not be subject to the provisions of Section 203 of the General Corporation Law until the Majority Ownership Requirement is no longer met.

  • In addition, until the Majority Ownership Requirement is no longer met, special meetings of stockholders of the Corporation may be called by the Secretary of the Corporation at the request of the holders of a majority of the total voting power of the outstanding shares of capital stock of the Corporation entitled to vote generally in the election of Directors, voting together as a single class.

  • Majority Ownership InterestMajority Ownership Interest, as defined in the New York Experience Rating Plan Manual, also applies to this manual.


More Definitions of Majority Ownership

Majority Ownership means 100% or as close as possible to but not less than 100%, ownership and voting rights in the Underlying Asset.
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Majority Ownership means no less than fifty-one percent (51%) ownership of a business enterprise by an individual applicant or applicants for certification.
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Majority Ownership means having “beneficial ownership” (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934) of more than 50% of the total outstanding voting power of all classes of an entity’s Capital Stock entitled to vote generally in the election of directors.
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Majority Ownership of a Dealer or other Person shall mean beneficial ownership or control, directly or indirectly, of either (a) a majority of the outstanding equity securities of such Dealer or other Person entitled to vote generally in the election of directors, trustees or members of any other governing body of such Dealer or other Person or (b) equity securities of such Dealer or other Person representing a majority of all outstanding votes entitled to be cast in the election of directors, trustees or members of any other governing body of such Dealer or other Person.
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Majority Ownership or Majority Owner” means a person or group of persons who are owners of, or control more than 51% of the equity interest, voting rights, and profits interest in a Cannabis Business on a fully diluted basis.
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Related to Majority Ownership

  • Majority (as defined in the 0000 Xxx) of the Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the Board of Directors who are not "interested persons" (as defined in said Act) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval. This Agreement is terminable, without penalty, on 60 days' written notice, by the Board of Directors of the Fund or by vote of holders of a majority of the Fund's shares, or upon 90 days' written notice, by the Adviser. This Agreement will also terminate automatically in the event of its assignment (as defined in said Act).

  • Outstanding Company Voting Securities means outstanding voting securities of the Company entitled to vote generally in the election of directors; and any specified percentage or portion of the Outstanding Company Voting Securities (or of other voting stock or voting securities) shall be determined based on the relative combined voting power of such securities;

  • Majority in Interest As to any Class of Regular Certificates, the Holders of Certificates of such Class evidencing, in the aggregate, at least 51% of the Percentage Interests evidenced by all Certificates of such Class.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

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

  • Controlling Interest means: (1) an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock, or otherwise that exceeds 10 percent; (2) membership on the board of directors or other governing body of a business entity of which the board or other governing body is composed of not more than 10 members; or (3) service as an officer of a business entity that has four or fewer officers, or service as one of the four officers most highly compensated by a business entity that has more than four officers. Subsection (3) of this section does not apply to an officer of a publicly held business entity or its wholly owned subsidiaries.