OWNERSHIP OF THE PARENT Sample Clauses

The "Ownership of the Parent" clause defines who holds legal and beneficial ownership of the parent company in a contractual relationship. It typically specifies the current ownership structure, such as identifying shareholders or parent entities, and may require parties to notify each other of any changes in ownership. This clause ensures transparency regarding control of the parent company, helping to prevent undisclosed changes in ownership that could affect the parties’ rights or obligations under the agreement.
OWNERSHIP OF THE PARENT. The Parent is a wholly-owned subsidiary of NTL Holdings, and no persons or group of connected persons (as construed in accordance with Clause 9.7 (Mandatory Prepayment due to Change in Control)) has control (as construed in accordance with Clause 9.7 (Mandatory Prepayment due to Change in Control)) of, NTL Holdings.
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OWNERSHIP OF THE PARENT. The equity interests in the Parent are duly authorized, validly issued and fully paid and nonassessable and, as of the Closing Date, none of such equity interests constitutes Margin Stock.
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OWNERSHIP OF THE PARENT. (a) The Original Investors together hold legally and beneficially all of the issued share capital and voting rights of Caymanco and hold the right to determine the composition of a majority of the board of directors (or equivalent) of Caymanco. (b) Dutchco is the sole director of Dutch Foundation 1, Dutch Foundation 2 and Dutch Foundation 3. (c) Caymanco is the legal and beneficial owner of all of the issued share capital and voting rights of Luxco. (d) Luxco is the legal and beneficial owner of all of the issued share capital and voting rights of Dutchco. (e) Dutchco is the legal and beneficial owner of not less than 92.65% of the issued share capital and voting rights of the Parent and the Dutch Foundations are together the legal and beneficial owner of not less than 4.21% of the issued share capital and voting rights of the Parent.
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OWNERSHIP OF THE PARENT. It is the sole shareholder of the Parent, owning 100 per cent of the shares in the Parent.
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OWNERSHIP OF THE PARENT. The Original Shareholders are indirect shareholders in the Parent in the proportions set out in Schedule 7 (Original Shareholders).
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Related to OWNERSHIP OF THE PARENT

  • Ownership of the Borrower Except as set forth in the Partnership Agreement of the Borrower, the Borrower has no obligation to any Person to purchase, repurchase or issue any ownership interest in it.

  • Ownership of the Company At all times while this Parent Guarantee Agreement is in effect and while any of the obligations of the Parent Guarantor hereunder remain outstanding, one hundred percent (100%) of the outstanding capital stock of the Company shall be owned by the Parent Guarantor.

  • Ownership of the Property (a) The parties hereto intend that (i) for financial accounting purposes with respect to the Lessee, the Lessor Trust will be treated as the owner and lessor of an undivided interest in each Property and the Lessee will be treated as the lessee of the Property leased by it hereunder and (ii) for federal and all state and local income tax purposes, state real estate and commercial law and bankruptcy purposes, (A) the Lease will be treated as a financing arrangement, (B) the Certificate Holders and the Lenders will be deemed lenders making loans to the Lessee in an amount equal to the sum of the Certificate Holder Amounts and the outstanding principal amount of the Loans, which loans are secured by the Property and (C) the Lessee will be treated as the owner of each Property and will be entitled to all tax benefits ordinarily available to an owner of properties like each Property for such tax purposes. Nevertheless, the Lessee acknowledges and agrees that none of the Administrative Agent, the Agent Certificate Holder, the Arranger or any Participant has made any representations or warranties to the Lessee concerning the tax, accounting or legal characteristics of the Operative Documents and that the Lessee has obtained and relied upon such tax, accounting and legal advice concerning the Operative Documents as it deems appropriate. The parties hereto will not take any position inconsistent with the intentions expressed herein. (b) It is the intent of the parties hereto that this Lease grants a security interest and mortgage, as the case may be, on each Property to the Lessor Trust for the benefit of the Agent Certificate Holder, and the other Participants to secure the performance of the Lessee under and payment of all amounts under the Lease and the other Operative Documents all as more specifically set forth in Section 5 of each Lease Supplement.

  • Ownership of Borrower The REIT Guarantor is the sole general partner of the Borrower and owns free of any Lien or other claim not less than a sixty-six and two-thirds percent (66 2/3%) Equity Interest in the Borrower as the general partner thereof.

  • Ownership of Subsidiaries The Borrower will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of its Subsidiaries is a wholly owned Subsidiary.