Common use of BUSINESS OWNERSHIP Clause in Contracts

BUSINESS OWNERSHIP. The Shareholders' equity ownership of the Borrower shall not fall below (i) 80% of the combined voting power of all classes of the Borrower's capital stock entitled to vote, or (ii) 80% of the total value of shares of all classes of the Borrower's capital stock outstanding.

Appears in 2 contracts

Sources: Loan Agreement (Primeholdings Com Inc), Loan Agreement (Primeholdings Com Inc)