Sole Beneficial Owner definition

Sole Beneficial Owner means a person who is the beneficial owner of shares of Common Stock, who does not share beneficial ownership of such shares of Common Stock with any other person (other than pursuant to this Agreement or applicable community property laws) and who is the only person (other than pursuant to applicable community property laws) with a direct economic interest in such shares of Common Stock. The interest of a spouse or a domestic partner in a joint account, and an economic interest of the Company as pledgee, shall be disregarded for this purpose.
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Sole Beneficial Owner means a person who is the beneficial owner of Covered Shares, who does not share beneficial ownership of such Covered Shares with any other person (other than pursuant to these Articles of Association, the Non-Competition Agreement or applicable community property laws) and who is the only person (other than pursuant to applicable community property laws) with a direct economic interest in the Covered Shares. An economic interest of the Company (or of any other person with respect to which the Company has expressly agreed to in writing) as pledgee shall be disregarded for this purpose. A Covered Person that holds Covered Shares indirectly through a wholly-owned personal holding company shall be considered the “Sole Beneficial Owner” of such Covered Shares, provided that such personal holding company is a Covered Person hereunder. In respect of Covered Shares held a personal holding company or a trust structure, the share register shall refer both to the legal entity or trust, respectively, as the legal owner and record owner of the Covered Shares and the beneficial owner(s) of the legal entity or trust, respectively.
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Sole Beneficial Owner means a person who is the beneficial owner of Covered Shares, who does not share beneficial ownership of such Covered Shares with any other person (other than pursuant to this Agreement, the Non-Competition Agreement or applicable community property laws) and who is the only person (other than pursuant to applicable community property laws) with a direct economic interest in the Covered Shares. An economic interest of the Company (or of any other person with respect to which the Company has expressly agreed to in writing) as pledgee shall be disregarded for this purpose. A Covered Person that holds Covered Shares indirectly through a wholly-owned personal holding company shall be considered the “Sole Beneficial Owner” of such Covered Shares, provided that such personal holding company is a Covered Person hereunder.
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Examples of Sole Beneficial Owner in a sentence

  • The Issuer, the Swap Calculation Agent and the Swap Counterparty shall be entitled to assume that the Initial Owner is the Sole Beneficial Owner until such time as they are notified to the contrary by the Initial Owner.

  • However, no ruling has been sought from the IRS that the Creditor Trust will meet the standard for classification as a “liquidating trust” and no assurance can be given that the IRS will not disagree with this conclusion that the Creditor Trust is taxable as a grantor trust for federal income tax purposes.

  • Aptus confirms and undertakes to the Sole Beneficial Owner that after the Redemption Amount has been converted from RMB into HK$ and received by Aptus in full in freely disposable cleared funds in Hong Kong and is available for payment to redeem the Bond(s), it will notify the Sole Beneficial Owner as soon as possible and the Redemption Amount will be applied to redeem the Bond(s).

  • The Initial Owner shall notify the Issuer and the Swap Counterparty immediately upon it ceasing to be the Sole Beneficial Owner.

  • Xxxxx Title: Chief Operating Officer By: CSE Pennsylvania Holdings, the Sole Beneficial Owner of the Trust By: OHI Asset (PA), LLC, the Managing Trustee of such trust By: Omega Healthcare Investors, Inc., a Member of such company By: /s/ Xxxxxx X.

  • Xxxxx Title: Chief Operating Officer By: OHI Asset CSE-E, LLC, the Sole Beneficial Owner of the Trust By: Omega Healthcare Investors, Inc., a Member of such company By: /s/ Xxxxxx X.

  • Xxxxx Title: Chief Operating Officer By: OHI Asset CSE-E, LLC, the Sole Beneficial Owner of such trust By: Omega Healthcare Investors, Inc., a Member of such company By: /s/ Xxxxxx X.

  • By: Xxxxxxx Xxxxxxx XX, its Sole Beneficial Owner By: CS Business Trust I, its General Partner By: Xxxxxxx Xxxxxxx Inc., its Sole Beneficial Owner By: Name: Xxxxx X.

  • To the best of the knowledge, information and belief of the Directors, having made all reasonable enquiries, the Sole Beneficial Owner and its ultimate beneficial owner(s) are third parties independent of Aptus and CVG and their respective connected persons (as defined in the GEM Listing Rules).

  • Councilman Sante explained various scenarios for qualifying and situations where income changes.


More Definitions of Sole Beneficial Owner

Sole Beneficial Owner means a person who is the beneficial owner of Covered Shares, who does not share beneficial ownership of such Covered Shares with any other person (other than pursuant to this Agreement or applicable community property laws) and who is the only person (other than pursuant to applicable community property laws) with a direct economic interest in the Covered Shares. An economic interest of the Company as pledgee shall be disregarded for this purpose.
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Sole Beneficial Owner means, as at the date ofdetermination, the beneficial owner of 100 per cent. of the interests in the Notes outstanding as at such date.
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Sole Beneficial Owner means, as at the date of determination, the beneficial owner of all of the Notes on such date.
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Related to Sole Beneficial Owner

  • Trust Beneficial Owner means the beneficial owner of the Trust Beneficial Interest.

  • Beneficial Owner and “Beneficial Ownership” shall have the meanings set forth in Rule 13d-3 promulgated under the Exchange Act (as defined below) as in effect on the date hereof.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Potential Beneficial Owner means a customer of a Broker-Dealer or a Broker-Dealer that is not a Beneficial Owner of shares of AMPS but that wishes to purchase such shares, or that is a Beneficial Owner that wishes to purchase additional shares of AMPS.

  • Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Beneficial Owners means Persons who Beneficially Own the referenced securities.

  • Preferred Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Beneficial Holder A Person holding a beneficial interest in any Book-Entry Certificate as or through a DTC Participant or an Indirect DTC Participant or a Person holding a beneficial interest in any Definitive Certificate.

  • Beneficial Ownership Certification means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

  • Beneficial Ownership Limitation shall have the meaning set forth in Section 4(d).

  • Non-U.S. Beneficial Ownership Certification As defined in Section 5.03(f) of this Agreement.

  • Beneficial Ownership Regulation means 31 C.F.R. § 1010.230.

  • Beneficial Ownership shall have the meanings set forth in Rule 13d-3 promulgated under the Exchange Act (as defined below) as in effect on the date hereof.

  • Rule 144A Global Certificate With respect to any Class of Book-Entry Certificates, a single global Certificate, or multiple global Certificates collectively, registered in the name of the Depository or its nominee, in definitive, fully registered form without interest coupons, each of which Certificates bears a Qualified Institutional Buyer CUSIP number and does not bear a Regulation S Legend.

  • Beneficial shareholder means the person who is a beneficial owner of shares held in a voting trust or by a nominee as the record shareholder.

  • Beneficial use means the right to possession, use, and enjoyment of property, limited only by encumbrances, easements, and restrictions of record.

  • Rule 144A Global Certificates As defined in Section 5.02(c)(ii) of this Agreement.

  • Rule 144A Global Security has the meaning specified in Section 2.1(a) of Appendix A.

  • Regulation S Global Certificate With respect to any Class of Book-Entry Non-Registered Certificates offered and sold to institutions that are non-United States Securities Persons in Offshore Transactions in reliance on Regulation S, a single global Certificate, or multiple global Certificates collectively, in definitive, fully registered form without interest coupon, each of which Certificates bears a Regulation S Legend.

  • Beneficial Shareholders means holders of our Shares that do not hold our Shares in their own name, but instead, whose Shares are held on the Record Date by a bank, trust company, securities broker or other nominee.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • 144A Global Security means a permanent Global Security in the form of the Security attached hereto as Exhibit A-1, and that is deposited with and registered in the name of the Depositary, representing Securities sold in reliance on Rule 144A under the Securities Act.

  • Rule 144A Global Note has the meaning assigned to it in Section 2.1(d).

  • Regulation S Global Securities means one or more permanent global Securities in registered form representing the aggregate principal amount of Securities sold in reliance on Regulation S under the Securities Act.

  • 144A Global Note means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A.

  • Regulation S Global Certificates As defined in Section 5.02(c)(i) of this Agreement.