Ownership Split definition

Ownership Split. ▇▇▇▇▇▇ ▇▇▇▇ (50)% The Blackhawk Fund(50)% This agreement (the "Agreement) is entered into between ▇▇▇▇▇▇ ▇▇▇▇ and The Blackhawk Fund, a Nevada corporation ("Blackhawk"). The parties hereto have agreed to associate themselves as Joint Venture Co-owners on the following terms and conditions: Purpose of Joint Venture The purpose of this Joint Venture shall be the ownership and operation of a property bearing an address of ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇ and being the real property in the State of California. Joint Venture of Property Legal title shall be acquired by this Joint Venture as tenants in common, each owning undivided interests, as follows: ▇▇▇▇▇▇ ▇▇▇▇ 50 percent Blackhawk 50 percent Duration of Joint Venture This Joint Venture shall commence on execution of this Agreement by the parties and shall continue until dissolved by mutual consent of the parties or terminated as provided for in this Agreement.
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Examples of Ownership Split in a sentence

  • The co-tenancy interests in the property of each of the co- owners are shown on the attached cover page as "Ownership Split." The parties hereby waive any right they may have to partition the property during the duration of this Agreement.

Related to Ownership Split

  • Ownership Share means, with respect to any Subsidiary of a Person (other than a Wholly Owned Subsidiary) or any Unconsolidated Affiliate of a Person, the greater of (a) such Person’s relative nominal direct and indirect ownership interest (expressed as a percentage) in such Subsidiary or Unconsolidated Affiliate or (b) such Person’s relative direct and indirect economic interest (calculated as a percentage) in such Subsidiary or Unconsolidated Affiliate determined in accordance with the applicable provisions of the declaration of trust, articles or certificate of incorporation, articles of organization, partnership agreement, joint venture agreement or other applicable organizational document of such Subsidiary or Unconsolidated Affiliate.

  • Ownership Percentage with respect to any Member means the percentage of ownership of a Member determined by taking the total Capital Units held by such Member divided by the aggregate total number of issued and outstanding Capital Units.

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

  • Fully Diluted Capitalization means the aggregate number, as of immediately prior to the First Equity Financing, of issued and outstanding shares of Capital Stock, assuming full conversion or exercise of all convertible and exercisable securities then outstanding, including shares of convertible Preferred Stock and all outstanding vested or unvested options or warrants to purchase Capital Stock, but excluding (i) the issuance of all shares of Capital Stock reserved and available for future issuance under any of the Company’s existing equity incentive plans, (ii) convertible promissory notes issued by the Company, (iii) any SAFEs, and (iv) any equity securities that are issuable upon conversion of any outstanding convertible promissory notes or SAFEs.

  • Common ownership means that more than 50% of the voting control of each member of a combined group is directly or indirectly owned by a common owner or owners, either corporate or non-corporate, whether or not the owner or owners are members of the combined group. Whether voting control is indirectly owned shall be determined in accordance with section 318 of the federal Internal Revenue Code, 26 U.S.C. s.318.