Ownership Change definition

Ownership Change means a change in a hospital’s owner, lessor, or operator under 42 CFR 489.18(a).

Ownership Change shall be deemed to have occurred in the event any of the following occurs with respect to the Company:

Ownership Change means merger, acquisition, consolidation or other reorganization that results in an entity controlling twenty percent (20%) or more of partner’s capital stock or assets, or which assumes management of partner’s operations or partner’s acquisition of twenty percent (20%) or more of the capital stock or assets of another entity. After HPE receives all required documents to evaluate your status change or as soon as HPE believes it is in a position to decide, HPE will notify you of our consent or refusal to continue your Agreement. If HPE refuses, the Agreement will automatically terminate and HPE may, subject to mandatory applicable law, cancel any unfulfilled obligations. HPE does not consent to these changes prior to any Ownership Change.

Examples of Ownership Change in a sentence

• The Board shall have the right to determine whether multiple sales or exchanges of the voting stock of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive.

• For purposes of determining the number of Vested Units following an Ownership Change Event, dividend, distribution or adjustment, credited Service shall include all Service with any corporation which is a Participating Company at the time the Service is rendered, whether or not such corporation is a Participating Company both before and after any such event.

• The Right of First Refusal shall not apply to any transfer or exchange of the shares acquired upon exercise of the Option if such transfer or exchange is in connection with an Ownership Change Event.

• The Board shall have the right to determine whether multiple sales or exchanges of the voting securities of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive.

• If a majority of the shares which are of the same class as the shares that are subject to outstanding Options are exchanged for, converted into, or otherwise become (whether or not pursuant to an Ownership Change Event, as defined in Section 8.1) shares of another corporation (the "NEW SHARES"), the Board may unilaterally amend the outstanding Options to provide that such Options are exercisable for New Shares.

More Definitions of Ownership Change

Ownership Change means an “ownership change” within the meaning of Section 382(g) of the Code.

Ownership Change means an “ownership change” of VIVUS (within the meaning of section 382 of the Tax Code), other than any ownership change resulting from any action taken by or caused by the Supporting Noteholder or any Affiliate thereof on or after April 4, 2020.

Ownership Change means merger, acquisition, consolidation or other reorganization that results in an entity controlling twenty percent (20%) or more of your company’s capital stock or assets, or which assumes management of your operations or your company’s acquisition of twenty percent (20%) or more of the capital stock or assets of another entity. After we receive all required documents to evaluate your status change or as soon as we believe we are in a position to decide, we will notify you of our consent or refusal to continue your Agreement. If we refuse, this Agreement will automatically terminate and we may, subject to mandatory applicable law, cancel any unfulfilled obligations. We do not consent to these changes prior to any Ownership Change.

Ownership Change. Any Person, other than an ERISA-regulated pension plan established by the Company or an Affiliate, makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock; or

Ownership Change. Any Person, other than an ERISA-regulated pension plan established by the Company or an Affiliate, makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock (other than a group formation for the purpose of making an acquisition directly from the Company and approved (prior to such group formation) by a majority of the Incumbent Directors); or

Ownership Change means a change in a hospital’s owner, lessor, or operator as defined in 42 CFR 489.18(A).

Ownership Change is defined in Section 6.4.