Ownership and Controlling Interest Clause Samples

The Ownership and Controlling Interest clause defines the requirements or restrictions regarding who holds ownership stakes or has the power to control decision-making within a company or entity. Typically, this clause outlines thresholds for what constitutes a controlling interest, such as owning more than 50% of voting shares, and may require parties to notify or seek approval before transferring significant ownership. Its core function is to maintain transparency and stability in the entity’s control structure, preventing unexpected changes in leadership or influence that could affect contractual obligations or business operations.
Ownership and Controlling Interest. In accordance with 42 C.F.R. § 455.104, the Contractor must submit completed forms documenting full and complete disclosure of the Contractor’s ownership and controlling interests formatted in conformance with requirements established by RI EOHHS and CMS. Disclosures will be due at any of the following times:
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Ownership and Controlling Interest. 2.1.1.5.1. In accordance with 42 C.F.R. § 455.104, the Contractor must submit completed forms documenting full and complete disclosure of the Contractor’s ownership and controlling interests formatted in conformance with requirements established by RI EOHHS and CMS. Disclosures will be due at any of the following times: 2.1.1.5.1.1. Upon execution of the Contract with RI EOHHS and CMS; 2.1.1.5.1.2. Upon renewal or extension of the Contract; or 2.1.1.5.1.3. Within thirty-five (35) days after any change in ownership of the Contractor.
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Related to Ownership and Controlling Interest

  • Ownership and Control All components of the Placer County Technology Platform, including voicemail, email messages sent and received, files and records created or placed on any County file server, and all data placed onto or accessed by the County’s computer network including internet access, are and remain either the property of or under the control of Placer County and not the User.

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

  • Ownership and Transfer (a) The Company shall maintain at its principal executive offices (or such other office or agency of the Company as it may designate by notice to the holder hereof), a register for this Warrant, in which the Company shall record the name and address of the person in whose name this Warrant has been issued, as well as the name and address of each permissible transferee. The Company may treat the person in whose name any Warrant is registered on the register as the owner and holder thereof for all purposes, notwithstanding any notice to the contrary, but in all events recognizing any transfers made in accordance with the terms of this Warrant. (b) This Warrant and the rights granted to the holder hereof are transferable, in whole or in part, upon surrender of this Warrant, together with a properly executed warrant power in the form of Exhibit B attached hereto; provided, however, that any transfer or assignment shall subject to the conditions set forth in Section 6 above and Section 7(c) below. (c) The holder of this Warrant understands that this Warrant has not been and is not expected to be, registered under the Securities Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (a) subsequently registered thereunder, or (b) such holder shall have delivered to the Company an opinion of counsel, reasonably satisfactory in form, scope and substance to the Company, to the effect that the securities to be sold, assigned or transferred may be sold, assigned or transferred pursuant to an exemption from such registration. Any sale of such securities made in reliance on Rule 144 promulgated under the Securities Act may be made only in accordance with the terms of said Rule and further, if said Rule is not applicable, any resale of such securities under circumstances in which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the Securities Act) may require compliance with some other exemption under the Securities Act or the rules and regulations of the Securities and Exchange Commission thereunder; and neither the Company nor any other person is under any obligation to register the Series A Preferred Share Warrants under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder except as set forth in Section 7(d) below. (d) The Company is obligated to register the Warrant Shares for resale under the Securities Act pursuant to the Registration Rights Agreement dated as of June 12 , 2000, by and between the Company and the Buyers listed on the signature page thereto (the "Registration Rights Agreement") and the initial holder of this Warrant (and certain assignees thereof) is entitled to the registration rights in respect of the Warrant Shares as set forth in the Registration Rights Agreement.

  • 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.