Upstream Owner definition

Upstream Owner means any Person having a direct or indirect legal, beneficial or other ownership interest in Borrower (e.g., if Borrower is a limited liability company, and one of Borrower’s members is a limited partnership, whose partner is a corporation, then such limited partnership, corporation and the shareholders of such corporation would each be an Upstream Owner).

Upstream Owner has the meaning assigned in the Loan Agreement.

Upstream Owner means any Person having a direct or indirect legal, beneficial or other ownership interest in Borrower (e.g., if Borrower is a limited liability company, and one of Borrower's members is a limited partnership, whose partner is a corporation, then such limited partnership, corporation and the shareholders of such corporation would each be an Upstream Owner).

Examples of Upstream Owner in a sentence

• In addition, the resolution of each of such Non-U.S. Upstream Owners provides that the board members, including each person who becomes a board member, would so consent to comply and cooperate and the particular Non-U.S. Upstream Owner would take reasonable steps to cause its officers, employees, and agents to also comply and cooperate, to the extent that he or she is involved in the activities of the Exchange.

• In addition, Deutsche Bo¨ rse also is already an approved Non-U.S. Upstream Owner of the Exchange.

• The ISE Trust, and corresponding Trust Agreement, is the mechanism by which the Ownership Limits and Voting Limits in the ISE Holdings COI currently would be protected in the event that a Non-US Upstream Owner purportedly transfers any related ownership or voting rights other than in accordance with the ISE Holdings COI.

• In furtherance of the foregoing, subordinate liens (voluntary or involuntary) secured by any portion of the Mortgaged Property, or any beneficial interest in the Mortgaged Property, and any other financing obtained by Borrower or any Upstream Owner secured by any direct ownership interest in Borrower, shall not be permitted except with the prior written consent of Lender in each case.

• Also, the Penserra Put Agreement grants Penserra a put option (‘‘Penserra Put Option’’) that, if exercised by Penserra, would compel NA Casin Holdings (and not another Indirect Upstream Owner) to purchase, or arrange for an unspecified third- party to purchase, a specified amount of Penserra’s equity interest in NA Casin Holdings.

More Definitions of Upstream Owner

Upstream Owner means any holder of an Equity Interest or any entity that directly or indirectly owns an equity interest in a holder of Equity Interests.

Upstream Owner means any Person having a direct or indirect legal, beneficial or other ownership interest in Borrower, Mortgage Borrower or Additional Pledgor (e.g., if Borrower, Mortgage Borrower or Additional Pledgor is a limited liability company, and one of Borrower’s, Mortgage Borrower’s or Additional Pledgor’s members is a limited partnership, whose partner is a corporation, then such limited partnership, corporation and the shareholders of such corporation would each be an Upstream Owner); provided, however, to the extent Indemnitor remains a publicly traded company, Upstream Owner shall not include any shareholder of, or Person having a direct or indirect legal and/or beneficial ownership interest in, Indemnitor.

Upstream Owner or "Upstream Ownership" means a business entity that has a direct or indirect ownership interest in CalPeco, as per Commission Decision (D.) 00-00-000, at Ordering Paragraph (O.P.) 1, subdivision (b) ("[A]ny change of ownership affecting CalPeco's upstream owners must be sought by application filed pursuant to Public Utilities Code Section 854."13).

Upstream Owner means any Person having a direct or indirect legal, beneficial or other ownership interest in Borrower (e.g., if Borrower is a limited liability company, and one of Borrower’s members is a limited partnership, whose partner is a corporation, then such limited partnership, corporation and the shareholders of such corporation would each be an Upstream Owner), but excluding any Person who would be considered an Upstream Owner solely due to such Person’s direct or indirect legal, beneficial or other ownership interest in the publicly traded securities of an Upstream Owner and any Person who holds an Operating Partnership unit in Strategic issued from and after the date hereof in connection with the acquisition by Strategic, or any subsidiary thereof, of additional assets from and after the date hereof.

Upstream Owner means any Person having a direct or indirect legal, beneficial or other ownership interest in Common Member (e.g., if Common Member is a limited liability company, and one of Common Member’s members is a limited partnership, whose partner is a corporation, then such limited partnership, corporation and the shareholders of such corporation would each be an Upstream Owner).

Upstream Owner. Any person or other legal entity that (a) directly or indirectly holds an interest in, or acquires control of, any Major Owner, or (b) by virtue of a contemplated purchase or other transfer will hold an interest in, or acquire control of, any Major Owner, and, in either case (a) or (b), such person or other legal entity derives or will derive more than [_______] percent of its gross revenue from the Project.

Upstream Owner of any Person means any other Person that directly or indirectly owns (whether through any Subsidiary or otherwise) any capital stock of, interest in the capital or profits of, or beneficial interest in, such first Person.