Group Ownership Clause Samples

Group Ownership. Set forth on Schedule 4.3 is a complete and accurate Corporate Chart showing, as of the date hereof, for each of the Borrower and its Subsidiaries, (a) the full legal name of such Person, (b) the jurisdiction of organization and any organizational number and tax identification number of such Person, (c) the location of such Person’s chief executive office (or, if applicable, sole place of business) and (d) the name of the holders of each Equity Interest of such Person and the ownership percentage thereof. Set forth on Annex V is a complete and accurate list of all Material Subsidiaries as of the date hereof and the percentage of Consolidated Total Assets and Consolidated gross revenues represented by each such Material Subsidiary as of the date hereof.
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Group Ownership. A. If a Group owns an Ownership Share, the following provisions shall apply: (i) The Group, collectively, shall be referred to as one Owner; (ii) Each person within the group shall be jointly and severally liable for all obligations and responsibilities associated with the Ownership Share; (iii) All rights associated with the Ownership Share shall be deemed jointly held by the persons within the Group and, absent a written agreement or provision of law to the contrary, all such persons shall be deemed to have equal control of such rights; and (iv) Any act or omission by one (1) of the persons within the Group shall be deemed the act or omission of the Group B. At all times, each Owner shall have exactly one (1) Party who is a natural person acting as the Designated Party for his/her Ownership Share. The initial Designated Party for each Ownership Share shall be specified in writing by the Owner at the time s/he first acquires the Ownership Share. Thereafter, the identity of the Designated Party may be changed (i) for a period of thirty (30) days following a transfer of any part of the Ownership Share, and (ii) on one (1) occasion during each calendar year. C. Any Group must (i) within ten (10) days of a Notice from the Manager or any Owner so requesting, disclose to all Owners the full legal names of each person or entity with any ownership interest in the Group or entity, (ii) provide Notice to the other Owners within ten (10) days of the date on which there is an addition, subtraction or other change to the list of full legal names of each person or entity with any interest in the Group or entity, and (iii) upon the request of any Party, obtain the signature of any such person or entity on a document guaranteeing the obligations of such Group or entity under the terms of this Agreement. D. No Party shall transfer an ownership interest in the PHC which does not include all obligations, benefits and rights associated with an entire Ownership Share. Any transfer in violation of this Agreement is void. E. In the event of a change in ownership or control in Member Interests, the Parties agree that a Share Transfer Fee will be payable to the Property Manager, in accordance with the Property Manager's then current fee structure F. In the event of a change in ownership or control, the Parties acknowledge that a stamp duty may be due and payable to the local jurisdiction.
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Group Ownership. The ownership of the group is a critical issue that must be defined in the documents of incorporation. All physician members of the original group may be equal stockowners. Alternative arrangements may grant stock ownership differentially to founding or senior members. Larger groups may institute incentive reimbursement plans or salary arrangements commensurate with the EP group’s financial performance.
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Related to Group Ownership

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

  • Company Ownership Company will own its respective right, title, and interest, including Intellectual Property Rights, in and to the Company Data. Company hereby grants BNYM a limited, nonexclusive, nontransferable license to access and use the Company Data, and consents to BNYM's permitting access to, transferring and transmitting Company Data, all as appropriate to Company's use of the Licensed Rights or as contemplated by the Documentation.

  • Property Ownership Except as set forth in the Registration Statement and the Prospectus or in the SEC Documents and except as would not reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect, (i) each of the Company and its Subsidiaries owns its property and assets free and clear of all Liens, except such Liens which arise in the ordinary course of business and do not impair its ownership or use of such property or assets, and (ii) with respect to the property and assets it leases, if any, each of the Company and its Subsidiaries is in compliance with such leases and, to its knowledge, holds a valid leasehold interest free of any Liens except as set forth under the terms of the lease.

  • Group A series of commodities with applicable commodity codes which are described in Attachment A under Price Sheet.

  • Account Ownership Notwithstanding anything else in this Exhibit or the Agreement, i) the Legal Guardian may take over as Account Owner with respect to the Newborn Stem Cells at any time before the Child reaches the age of majority by executing a new ViaCord Services Agreement, and ii) the Child may take over as Account Owner with respect to the Newborn Stem Cells at any time after reaching the age of majority by executing a new ViaCord Services Agreement.