Ownership and Management Clause Samples
The Ownership and Management clause defines who holds legal title to the business or assets and outlines how the entity is governed or operated. It typically specifies the parties or individuals with ownership interests, their respective shares or roles, and the structure for making key decisions, such as appointing managers or voting on major actions. This clause is essential for clarifying authority, preventing disputes over control, and ensuring all parties understand their rights and responsibilities within the organization.
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Ownership and Management. Allow any Borrower to be owned and controlled directly or indirectly by any Person other than the existing shareholders and senior management that own and control such Borrower as of the date of this Agreement.
Ownership and Management. Make or permit to be made any material change in the ownership or executive management of the Borrower; provided, however, that the Borrower shall not be prohibited by this covenant from conducting any public offering of its capital stock.
Ownership and Management. Permit (a) a Change of Control to occur, (b) Parent to own less than all of the issued and outstanding Capital Stock of Borrower or (c) permit any Person other than the Borrower or another Credit Party to own any of the issued and outstanding capital stock of any Subsidiary.
Ownership and Management. To induce Audi to enter into this Agreement, Dealer represents that the persons identified in the Statement of Ownership and Management, which is attached as Exhibit A, are Dealer's Owners and Executives. Audi is entering into this Agreement in reliance upon these representations, and upon the continued provision by such persons of their personal services in fulfillment of Dealer's obligations under this Agreement. Accordingly, Dealer agrees there will be no change in Dealer's Owners without Audi's prior written consent, and no change in Dealer's Executives without prior notice to Audi.
Ownership and Management. (a) Schedule 3.7(a) attached hereto accurately sets forth the directors and officers of the Buyer as of the date of this Agreement.
(b) Schedule 3.7(b) attached hereto accurately sets forth the ownership and ownership percentages of the Buyer as of the date of this Agreement and a pro forma of the ownership and ownership percentages of the Buyer immediately after Closing after giving effect to the other transactions that the Buyer Currently contemplates; provided that, except to the extent set forth otherwise herein, the Buyer makes no representation or warranty that all or any such transactions will be consummated on the terms and assumptions underlying such pro forma, or at all..
(c) Except as set forth on Schedule 3.7(c) attached hereto, Buyer has not acquired, contracted to acquire or negotiated to acquire any other business, either through a purchase of assets or a purchase of equity ownership.
Ownership and Management. A District Permit may not be transferred to a new owner without the written consent of the City. Any attempt to transfer a District Permit, without written consent, shall be void and shall constitute a violation of this Commitment, which could cause the District Permit to be revoked by the IATC. As provided in the Criteria for License Allocation and Applicant Compliance Requirements, any Holder that is a business entity is required to disclose a list of all owners. To the extent that any change in ownership occurs, Holder must provide writ ten notice to the City within 30 days of the effective date. Any material change in the equity ownership or management of the Holder or Permit Premises renders this Commitment voidable at the sole discretion of the City. The City may publicly advise against the renewal of the District Permit in lieu of formally voiding this Commitment. For purposes of this Commitment, “material change” shall include, but not be limited to, any change that alters the ownership structure as represented in Appendix A.
Ownership and Management. Borrower will not permit any change to occur in the ownership or management of any portion of the Premises or the capital stock of Borrower. Within ninety (90) days of the end of each fiscal year of Borrower, Borrower shall furnish to Lender a complete and accurate list of the names and addresses of the then current stockholders.
Ownership and Management. Big Ma’s Kitchen is owned by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and investor/s. His partner, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ is a seasoned leader and project manager with experience in a wide range of industries; from IT and software to retail and finance. His expert level competencies include vendor management and negotiation, planning, estimating and scheduling and process development and improvement including implementing methodologies and analysis. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ who will be lead to run the business, is a successful life coach, a serial entrepreneur and a kitchen guru specializing in modernizing and re-imagining basic recipes. He has a keen eye for unique marketing strategies that emphasize new and untapped markets in the Information Age while keeping up with social trends in Culture and the Arts. He specializes in Public Service and teaches self-awareness and tools of manifesting visualized desires through persistence and dedication. He has a restaurant management and a legal degree that provide strong foundation for effective communication, which has proven invaluable in developing strong community and business relationships and unique and effective marketing strategies.
Ownership and Management. Make or permit to be made any significant change in Gregory S. Frisby's involvement in the management of the Borrower.