Minority Owner definition

Minority Owner means an owner of a professional organization:

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Minority Owner has the meaning given in clause 10.3(a)(iv).

Minority Owner means, with respect to any Subsidiary of the Borrower, any Person (other than a Group Member) who or which directly owns on the Closing Date any Equity Interests in such Subsidiary.

Examples of Minority Owner in a sentence

• Except as provided for in Section 4.5, in no event shall a Closing Date occur more than 60 days after the Minority Owner Election Date (such date, the “Cross-Over Date”).

• Except in cases involving the death of a Minority Owner, discussed in the next sentence, the new agreement will be for a term of one (1) year.

• In cases involving the death of a Minority Owner, which does not result in a change in General Manager, if HMA approves the heir as new Minority Owner, then HMA and DEALER will simply amend the current Agreement to reflect the new minority ownership.

• In no event shall any Minority Owner be entitled to claim or receive damages that by their nature or amount exceed the limits on liability for which either of the Contractor Parties or their respective subcontractors, affiliate, successors, directors, officers, employees, agents or representatives are liable under or pursuant to the Construction Contract.

• Each MX Minority Owner, and each Company Mexican Subsidiary shall have delivered the counterpart signature page of the MX Stock Transfer Agreement(s) to which such Person is a party, duly executed by such Person or its authorized signatory (as applicable).

• All such adjustments shall be made to each individual Flare Minority Owner as set forth on Exhibit C-2.

• The balance, if any, of the Majority Owner Holdback Amount and the Minority Owner Holdback Amount that is on deposit with the Escrow Agent shall be released to the respective Owner on the six month anniversary of the Closing Date (the “Holdback Period”).

• If Minority Owner delivers notice of its election to exercise its right of first refusal, (1) Seller shall pay the Purchase Price to Minority Owner, Seller shall cause the transfer and deliver the Purchased Shares in the name of Minority Owner or as Minority Owner directs, and (3) Seller shall waive any rights it otherwise assigns to Purchaser under Section 1.3 of this Agreement, and Seller shall instead release Minority Owner from any and all claims related to the Company.

• Seller has previously approved the transfer of membership interests in the Hotel Owner from Minority Owner to Seller, and the issuance of membership interests in the Hotel Owner to Minority Owner, in each case pursuant to the terms of Section 3.2(a) of the Existing Operating Agreement.

• Hightimes and the Escrow Agent shall have delivered the signed Majority Owner Escrow Agreement and Minority Owner Escrow Agreement to the respective Owners.

More Definitions of Minority Owner

Minority Owner means any Person that owns less than 51% of the Capital Securities of any Restricted Subsidiary.

Minority Owner has the meaning given to it in Section 5.2(c). “Minority NSR” has the meaning given to it in Section 5.2(c).‌

Minority Owner means any Current Owner who is not a Primary Owner.

Minority Owner means HHC One Park Boulevard, LLC, a Delaware limited liability company.

Minority Owner means any Person, other than a Credit Party, that owns less than 51% of the Capital Securities of any Restricted Subsidiary. "Minority Owner Pledge Agreement" a Pledge Agreement to be executed and delivered by a Minority Owner, in substantially the form of the Credit Party Pledge Agreement with such changes as the Administrative Agent may reasonably request, as said Agreement shall be modified and supplemented and in effect from time to time.

Minority Owner means, with respect to any Real Estate Project, any Person(s) holding a minority ownership interest in any Project Level Entity formed on account of a joint venture with the Borrower or any Subsidiary of the Borrower.