Ownership transfer definition

Ownership transfer means the transfer, sale, assignment, pledge or other encumbrance of all or a part of the assets of the Business or Ownership Interest in Franchisee. During the term of this Agreement, no Ownership interest may be transferred, sold, assigned or otherwise divested to any person or entity outside the Clearpoint Program. Franchisee must obtain Franchisors prior written consent to any Ownership Transfer.
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Ownership transfer means a transfer or series of
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Ownership transfer means a transfer or series of transfers in any consecutive twelve-month period, for a valuable consideration, of ownership of stock possessing more than fifty percent of the total combined voting power of the issued and outstanding shares of each class of stock entitled to vote.
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Examples of Ownership transfer in a sentence

  • The District will supply color samples, but not the product for patching/painting of the surface.

  • An Expansion, Conversion, Transfer of Ownership, transfer of Site, or change of designated Location for a Freestanding Ambulatory Surgery Center that received an Original License as a Clinic on or before January 1, 2017.

  • With younger students it is easier for a teacher to organize and make sure each student understands the concepts and instructions.

  • Subject to timing, costs of disposal and completion adjustments, the Consolidated Entity expects to recognise a profit on sale (including reversals of previous impairments) of approximately $35 million in the financial year ending 30 June 2015 (no tax effect).

  • Ownership transfer protocols enable the transfer of ownership rights of a tag T from the current owner Ownc, or seller, to a new owner Ownn or buyer.

  • Ownership transfer is automatic once all required payments are made.

  • This non- stationary contract also requires higher powered incentives in later stages which boosts investment.Remark 5: Ownership transfer.

  • Finance, 12 hours.(b) At least 45 hours on the law of property and the regulation of brokers and salesmen and the ethics of selling real estate, which must include:(1) Ownership, transfer and use of property, 25 hours.(2) Chapters 113, 116, 119, 119A, [and] 645 , 645C and 645D of NRS and the regulations adopted [thereunder,] pursuant thereto, 18 hours.(3) Applied practice [,] and statutory disclosures, 2 hours.

  • Ownership transfer by the shareholders of the casino resort operator or the owner of land or buildings where the casino resort is located.

  • Ownership transfer must be clearly documented for CO2 transferred (third party injection activity).


More Definitions of Ownership transfer

Ownership transfer. , in relation to an exchange, means a transfer of ownership which gives rise to a change in the persons who are in a position to exercise significant influence over the management of the exchange, whether directly or indirectly.
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Ownership transfer means a transfer or series of transfers in
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Ownership transfer means any sale, assignment, conveyance or transfer of all or any part of the Hotel or any interest therein or of Owner's rights hereunder (including any lease with a term of five (5) years or more), or the voluntary or involuntary sale, assignment, transfer or other disposition, or transfer by operation of law (other than by will or the laws of intestate succession or to an inter vivos or living trust so long as the settlor is the trustee of such trust during his/her lifetime) of a controlling interest in Owner (i.e. the possession directly or indirectly of the power to direct or cause the direction of management and policies of Owner, whether through the Ownership of voting securities, partnership interest or by contract or otherwise), except in connection with the incurring of a debt secured by a Mortgage, or to an Affiliate provided such Affiliate meets the requirements set forth in Section 13.1.
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Ownership transfer. Any transfer, sale, assignment, pledge or other encumbrance of all or a part of the assets of the PS by FRANCHISEE or any transfer, sale, assignment, pledge or other encumbrance of an OWNERSHIP INTEREST by an OWNER that effects a change in CONTROL or results in a change in a PRINCIPAL OWNER.
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Ownership transfer. Title to, possession and risk of loss of the natural gasoline feedstock to be delivered to Customer via the GSPL Pipeline shall pass from Company to Customer, when the product passes through the transfer meter located at TEPPCO BMT (the "Meter") into the GSPL Pipeline unless otherwise agreed by both parties. The readings from the Meter shall be used in determining compliance with the minimum volumes required under Paragraph 2 and for calculation of the fee owed to Company by Customer pursuant to Paragraph 3. Such meter will be calibrated periodically according to TEPPCO standard practice, and the Customer shall have the right to be notified of the calibration date and be allowed to observe, if desired.
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Ownership transfer means a transfer of an interest in the membership or ownership interests of Tenant.
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Related to Ownership transfer

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).

  • Exempt Transfer means, in relation to shares held by a member:

  • Ownership means, for purposes of this definition, control of more than a 50% interest in an entity.

  • Excluded Transfer means any transfer of VRDP Shares (1) to a TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (2) in connection with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (3) in connection with a repurchase financing transaction or (4) relating to a collateral pledge arrangement.

  • Common ownership means the same or substantially similar persons or entities that maintain a

  • Restricted Transfer a transfer of Personal Data which is undergoing processing or which is intended to be processed after transfer, to a country or territory to which such transfer is prohibited or subject to any requirement to take additional steps to adequately protect the Personal Data processed under this Agreement for the transfer to be lawful under the Data Protection Legislation;

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Ownership Restrictions means collectively the Ownership Limit as applied to Persons other than the Initial Holder or Look-Through Entities, the Initial Holder Limit as applied to the Initial Holder and the Look-Through Ownership Limit as applied to Look-Through Entities.

  • Constructive Ownership means ownership of Shares by a Person, whether the interest in Shares is held directly or indirectly (including by a nominee), and shall include interests that would be treated as owned through the application of Section 318(a) of the Code, as modified by Section 856(d)(5) of the Code. The terms “Constructive Owner,” “Constructively Owns” and “Constructively Owned” shall have the correlative meanings.

  • Transfer of ownership Includes, but is not limited to, the conveyance of a Mortgaged Property, whether legal or equitable, voluntary or involuntary, by any of the following methods:

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

  • Title Transfer means the transfer of title to Gas between two (2) Shippers at a Delivery Point, provided that each such party has executed a Transportation Service Agreement, or the transfer of title to Gas between two (2) Shippers at ATP, provided each such party has executed either a Transportation Service Agreement or a Title Transfer Agreement.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Shared Ownership Lease means a shared ownership lease that meets:

  • 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.

  • Transfer Any direct or indirect transfer or sale of any Ownership Interest in a Residual Certificate.

  • Equity Ownership means the percentage ownership and control, exercised by individuals within an enterprise.

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.