Common use of Beneficial Ownership Rule Clause in Contracts

Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of “Legal Entity Customer” as defined in the Beneficial Ownership Rule.

Appears in 10 contracts

Sources: Loan Agreement (Lendbuzz Inc.), Loan Agreement (Lendbuzz Inc.), Loan Agreement (Lendbuzz Inc.)

Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of "Legal Entity Customer" as defined in the Beneficial Ownership Rule.

Appears in 3 contracts

Sources: Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc)

Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of “Legal Entity Customer” as defined in the Beneficial Ownership Rule.excluded

Appears in 1 contract

Sources: Loan Agreement (Lithia Motors Inc)

Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of “Legal Entity Customer” as defined in the Beneficial Ownership Rule.87 149194398v7

Appears in 1 contract

Sources: Loan Agreement (Lithia Motors Inc)

Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of "Legal Entity Customer" as defined in the Beneficial Ownership Rule. DB1/ 139452285.4144571789.3 81 Section 5.02.

Appears in 1 contract

Sources: Loan Agreement (Lithia Motors Inc)

Beneficial Ownership Rule. At least 51% of the equity interests in the Borrower is owned, directly or indirectly, by a listed entity, and the Borrower is excluded on that basis from the definition of “Legal Entity Customer” as defined in the Beneficial Ownership Rule.85

Appears in 1 contract

Sources: Loan Agreement (Lithia Motors Inc)