Widely Held definition

Widely Held means, in respect of the Shares of Celestica, that no one Person or group of Persons acting jointly or in concert (within the meaning of Part XX of the Securities Act (Ontario), as the same shall be amended from time to time), other than Onex Corporation, controls securities of Celestica to which are attached more than 33% of the votes that may be cast to elect the directors of Celestica.
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Widely Held means, with respect to the Notes, that (a) the Purchasers no longer hold more than 50% of the then outstanding aggregate principal amount at Maturity of the Notes (exclusive of Notes then owned directly or indirectly by the Company, or any of its Subsidiaries or Affiliates) and (b) the Company (i) reasonably believes after due inquiry the number of beneficial owners (as defined in Rule 13d-3 under the Exchange Act) of the Notes (counting for the purpose of this definition all Holders that are Affiliates of each other as one beneficial owner) equals or exceeds twenty-five (25) and (ii) if requested by the Required Holders, delivers to the Required Holders and the Trustee an Officers’ Certificate executed by the Responsible Officer describing in reasonable details the grounds for such belief and the procedures used by the Company to count the number of beneficial owners. For avoidance of doubt, the Trustee’s obligations under clause (ii) of this definition shall be limited solely to keeping such Officers’ Certificate on file with the Trustee and in no event shall the Trustee be liable for the contents of such Officers’ Certificate nor shall it be required to deliver such Officers’ Certificate to the Holders.
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Widely Held means at least 100 individuals are invested in the fund. Note that the focus is on the number of individuals, not the number of investors. For example, if a fund has only 63 investors, but one of the investors is a limited partnership with 200 partners, the fund is widely held.
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Examples of Widely Held in a sentence

  • Widely held shares are computed as the residual after considering all known blockholdings.

  • Example 11 Widely held fund investing in an IREFA Luxembourg regulated fund invests in units in an IREF and is involved in the selection of property invested in by the IREF.

  • Widely held bidders make acquisitions associated with a significantly positive CAR of 0.48%, while majority owned bidders have a CAR of 0.51% that is not statistically different from zero.

  • They asked for his ID, which he did not have because a police officerhad destroyed it weeks earlier while calling him a “faggot.”272 When he did not produce his ID, they beat him.

  • Widely held zaibatsu, like industrial zaibatsu, did not control financial institutions and relied heavily on outside finance.The development of the widely held zaibatsu can best be illustrated by the history of the largest such group – Nissan.

  • Widely held corporations are not subject to the passive loss rules and, as such, are, according to the author, ideal investors in low-income housing tax credit projects.

  • Widely held firms are companies where no party detains more than 25% of the shares.

  • Widely held suspicions that Canada’s flexible exchange rate has itself been the source of serious and potentially destabilizing fluctuations thus seem to be greatly exaggerated.

  • It was not uncommon whereby the Chief Executive Officer (CEO) and the Chairman were 10 Widely held is described where no beneficial owners controlled at least 20% of the shares in any one subsidiary within the organisational structure.positions occupied by the same person who represented the controlling family shareholder.

  • Widely held companies present in these countries may be more likely to house institutional shareholders which play a more active role and have voting power.


More Definitions of Widely Held

Widely Held means, with respect to any Indebtedness, that no single investor or commonly controlled group of investors (together with any affiliates thereof) Controls more than 25% of the aggregate principal amount of such Indebtedness issue, and there are at least 5 investors and for determining such number, any investor or commonly controlled group of investors (together with the Affiliates thereof) will be considered to be one investor.
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Widely Held means, with respect to the Notes, that (a) the Oak Hill Purchasers no longer hold more than 50% of the then outstanding aggregate Accreted Value of the Notes (exclusive of Notes then owned directly or indirectly by the Company, or any of its Subs or Affiliates) and (b) the Company (i) reasonably believes after due inquiry the number of beneficial owners (as defined in Rule 13d-3 under the Exchange act) of the Notes (counting for the purpose of this definition all holders that are Affiliates of each other as one beneficial owner) equals or exceeds twenty-five (25) and (ii) if requested by the Holders of more than 50% of the then outstanding aggregate Accreted Value of the Notes (exclusive of Notes then owned directly or indirectly by the Company, or any of its Subs or Affiliates), delivers to the requesting Holders and the Trustee an Officer’s Certificate executed by the Responsible Company Officer describing in reasonable details the grounds for such belief and the procedures used by the Company to count the number of beneficial owners. For the avoidance of doubt, the Trustee’s obligations under clause (ii) of this definition shall be limited solely to keeping such Officers’ Certificate on file with the Trustee and in no event shall the Trustee be liable for the contents of such Officers’ Certificate nor shall it be required to deliver such Officers’ Certificate to the Holders.”
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Related to Widely Held

  • Publicly Held Corporation means a corporation the outstanding voting stock of which is registered under Section 12(b) or 12(g) of the Securities and Exchange Act of 1934, as amended.

  • Transferable interest means the right, as originally associated with a person’s capacity as a member, to receive distributions from a limited liability company in accordance with the operating agreement, whether or not the person remains a member or continues to own any part of the right.

  • Disqualifying Disposition means any disposition (including any sale) of Stock acquired upon the exercise of an Incentive Stock Option made within the period that ends either (1) two years after the date on which the Participant was granted the Incentive Stock Option or (2) one year after the date upon which the Participant acquired the Stock.

  • transferable securities means those classes of securities which are negotiable on the capital market, with the exception of instruments of payment, such as:

  • Quoted Investments has the meaning set forth in Section 5.12(b)(ii)(A).

  • Quoted Investment means any Investment which is quoted or listed or in respect of which permission to deal is effective on any Recognised Stock Exchange.

  • Qualified Nurse means a person who holds a valid registration from the Nursing Council of India or the Nursing Council of any state in India.

  • Restricted Investment means an Investment other than a Permitted Investment.

  • Unquoted Investments has the meaning set forth in Section 5.12(b)(ii)(B).

  • transferable vote means a ballot document on which, following a first preference, a second or subsequent preference is recorded in consecutive numerical order for a continuing candidate,

  • Qualified Investments means any and all securities, obligations or accounts in which municipalities may invest their funds under applicable Maine law.

  • Qualified nonprofit organization means, with respect to a Project, an organization exempt from federal income tax under Section 501(c) (3) or (4) of the Internal Revenue Code, which is not and during the Compliance Period will not be affiliated with or controlled by a for-profit organization, whose exempt purposes include the fostering of low income housing, which owns an interest in the Project, which will materially participate in the development and operation of the Project throughout the Compliance Period, and which is not affiliated with or controlled by a for-profit organization.

  • Unquoted Investment means any Investment which is not quoted, listed or dealt in on any Recognised Stock Exchange.

  • Qualified disposition means, subject to subparagraphs (iii) and (iv), a disposition after which both subparagraphs (i) and (ii) apply to the subject property:

  • Restricted Investments means all Investments except the following:

  • Qualified investment has the meaning set forth in Section 313.021(1) of the TEXAS TAX CODE, as interpreted by the Comptroller’s Rules.

  • Qualified User means a person (e.g., employee, consultant, contingent staff) who: (1) is a user of a Qualified Device, or (2) accesses any server software requiring an Enterprise Product Client Access License or any Enterprise Online Service. It does not include a person who accesses server software or an Online Service solely under a License identified in the Qualified User exemptions in the Product Terms.

  • qualified U.S. Bank means a qualified U.S. bank as defined in Rule 17f-5 under the Investment Company Act of 1940;

  • Federal covered investment adviser means a person registered under the Investment Advisers Act of 1940.

  • covered investment means, with respect to a Party, an investment in its territory of an investor of the other Party in existence as of the date of entry into force of this Treaty or established, acquired, or expanded thereafter.

  • RMB Non-Transferability means the occurrence of any event that makes it impossible for the Issuer to deliver RMB between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong (including where the RMB clearing and settlement system for participating banks in Hong Kong is disrupted or suspended), other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date of the first Tranche of the relevant Series and it is impossible for the Issuer due to an event beyond its control, to comply with such law, rule or regulation);

  • Non-U.S. Person means a Person who is not a U.S. Person.