Target Ownership Clause Samples

The Target Ownership clause defines who will hold legal and beneficial ownership of the target company or assets upon completion of a transaction. Typically, this clause specifies the timing and conditions under which ownership is transferred from the seller to the buyer, such as upon closing or satisfaction of certain conditions. By clearly establishing when and how ownership changes hands, the clause ensures both parties understand their rights and obligations, thereby reducing the risk of disputes and providing certainty regarding the transfer of control.
Target Ownership. After giving effect to the consummation of the Offer or the Merger on the Closing Date, the Borrower shall own a majority of the shares of the common stock of the Target on a fully diluted basis.
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Target Ownership. The Borrower shall cease to directly own all of the outstanding Equity Interests of the Target.
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Related to Target Ownership

  • 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.

  • Joint Ownership 10 Annuitant............................................................... 10

  • Share Ownership No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company’s unregistered securities is an owner of shares or other securities of any member of FINRA participating in the Offering (other than securities purchased on the open market).

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

  • 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.