Multiple Ownership definition
Examples of Multiple Ownership in a sentence
Seller specifically discloses to Buyer that the condominium Regime Documents (as defined below) will contain restrictions prohibiting individual Buyers from enacting a Time Sharing Ownership Plan, a Time Sharing Lease Plan or a Vacation Multiple Ownership Interest with respect to any condominium unit in the Regime, as those terms are defined under the South Carolina Vacation Time Sharing Act.
Excess shares means the number of shares of voting securities of New Disney as is necessary to ensure that, in accordance with the Multiple Ownership Rules of the Federal Communications Commission, the covered stockholders and, to the extent applicable under the Multiple Ownership Rules, their related persons do not violate the limitations under the Multiple Ownership Rules.
Buyer shall also have such additional remedies, if any, as may be specifically required by the Vacation Multiple Ownership Act, S.C. Code § ▇▇-▇▇-▇▇▇, as amended.
The parties agree and acknowledge that Buyer's compliance with the Multiple Ownership rules and regulations is an intrinsic element of this transaction.
Lottery group member you may claim your winnings on a Lottery Multiple Ownership Claim Form available at.
Each Member agrees: (i) to notify the Board prior to making any investment in any Media Enterprise other than through the Company; and (ii) not to make any investment in any Media Enterprise if the Company, following such notification, reasonably informs such Member that consummation of such investment would place the Company in violation of the FCC's Multiple Ownership Rules.
Buyer shall not take any action which is ---------------------- inconsistent with its obligations under this Agreement including the filing of FCC applications violative of the FCC's Multiple Ownership Rules or containing proposals violative of United States antitrust laws.
No Unit in the Regime will be used for or subject to any type of Vacation Time Sharing Plan or Vacation Multiple Ownership Plan as defined by the 1976 Code of Laws for the State of South Carolina, as amended, Section 27-32-10, et.
Buyer hereby represents and warrants ----------------------------- that the transaction contemplated by this Agreement complies with the FCC's Multiple Ownership rules and regulations, set forth in part in 47 C.F.R. (S)73.3555 and is prepared to demonstrate the same to either the Seller or FCC if requested or required.
However, if the voting of such shares on a particular matter would not violate the limitations under the Multiple Ownership Rules, such shares will not constitute excess shares for the limited purpose of voting on such matter.