Indirect ownership interest Sample Clauses

An Indirect Ownership Interest clause defines situations where a party holds an ownership stake in an entity not directly, but through one or more intermediary entities. For example, if Company A owns shares in Company B, which in turn owns shares in Company C, Company A may be considered to have an indirect ownership interest in Company C. This clause typically clarifies how such interests are calculated or recognized for purposes such as compliance, reporting, or triggering certain rights or obligations. Its core function is to ensure transparency and prevent circumvention of rules or thresholds that apply to ownership by capturing not just direct, but also indirect, forms of control or influence.
POPULAR SAMPLE Copied 2 times
Indirect ownership interest. The amount of indirect ownership interest is determined by multiplying the percentages of ownership in each entity. For example, if A owns 10 percent of the stock in a corporation which owns 80 percent of the stock of the disclosing entity, A’s interest equates to 8 percent indirect ownership interest in the disclosing entity and must be reported. Conversely, if B owns 80 percent of the stock of a corporation which owns 5 percent of the stock of the disclosing entity, B’s interest equates to 4 percent indirect ownership interest in the disclosing entity and need not be reported.
View SourceView Similar (28)
Indirect ownership interest. Ownership interest in an entity that has direct or indirect ownership interest in the disclosing entity. The amount of indirect ownership in the disclosing entity that is held by any other entity is determined by multiplying the percentage of ownership interest at each level. An indirect ownership interest must be reported if it equates to an ownership interest of five percent (5%) or more in the disclosing entity. Example: If ―A‖ owns ten percent (10%) of the stock in a corporation that owns eighty percent (80) of the stock of the disclosing entity, ―A‘s‖ interest equates to an eight percent (8%) indirect ownership and must be reported.
View SourceView Similar (3)
Indirect ownership interest. Indirect ownership interest" means an individual or legal entity with a direct ownership interest in an entity that has a direct or indirect ownership interest of at least five percent in an entity that is a licensee.
View Source

Related to Indirect ownership interest

  • No Ownership Interest Nothing contained in this Agreement shall be deemed to vest in Parent any direct or indirect ownership or incidence of ownership of or with respect to the Covered Shares. All rights, ownership and economic benefits of and relating to the Covered Shares shall remain vested in and belong to the Stockholder, and Parent shall have no authority to direct the Stockholder in the voting or disposition of any of the Covered Shares, except as otherwise provided herein.

  • Ownership Interest 25 Pass-Through Rate..............................................................................25

  • Ownership Interests The ownership interest of each member of the Company will be expressed in terms of a percentage that is set out in Exhibit A, attached and made part of this Agreement. The total ownership interests of all members will always equal one-hundred percent (100%). The existing members will determine the ownership interest of any new members prior to admission to the Company.

  • Ownership Interest, Etc The Seller shall (and shall cause the Servicer to), at its expense, take all action necessary or desirable to establish and maintain a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim, in favor of the Administrator (for the benefit of the Purchasers), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (for the benefit of the Purchasers) as the Administrator, may reasonably request.