Change of Ownership definition

Change of Ownership means a change in the individual or legal organization that is responsible for the operation of a nursing facility. Change of ownership does not include changes in personnel, e.g., a change of administrators. Events that change ownership include, but are not limited to, the following:
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Change of Ownership means a transfer of a controlling legal or
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Change of Ownership means the date one Person or Group acquires ownership of stock of Bancorp that, together with stock previously held, constitutes more than 50% of the total fair market value or total voting power of the stock of Bancorp; provided that such Person or Group did not previously own 50% or more of the value or voting power of the outstanding stock of Bancorp.
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Examples of Change of Ownership in a sentence

  • INTERCONNECTION CUSTOMER’S INTERCONNECTION FACILITIES The Interconnection Customer’s Interconnection Facilities (“ICIF”) include all of the facilities between the Interconnection Customer’s side of the Point of Change of Ownership (“PCO”) and the Small Generating Facility.

  • Connecting Transmission Owner’s Attachment Facilities shall mean all facilities and equipment owned, controlled or operated by the Connecting Transmission Owner from the Point of Change of Ownership to the Point of Interconnection as identified in Appendix A to this Agreement, including any modifications, additions or upgrades to such facilities and equipment.

  • The Developer’s Attachment Facilities (“DAFs”) include all of the facilities between the Developer’s side of the Point of Change of Ownership (“PCO”) and the Large Generating Facility.

  • The Point of Change of Ownership (“PCO”) is the line side connection of Disconnect Switch 183 located on the receiving structure in the Sky High Solar Collector Substation.

  • The Change of Ownership (“Change of Ownership”) Certificate of Need (“CON”) permit or the CHOW Certificate of Exemption (“▇▇▇”) from the requirement of obtaining a CON that is required under the Illinois Health Facilities Planning Act, 20 Ill.


More Definitions of Change of Ownership

Change of Ownership means (a) any person acquiring or ceasing to have any legal, beneficial or equitable interest in any or all of the shares in the Proposed Operator [and/or insert name of any holding company established for the purposes of the Franchise Letting Process] (including control over the exercise of voting rights conferred on those shares, control over the right to appoint or remove directors and rights to dividends); or (b) where the Proposed Operator is not yet incorporated, any change in the proposed shareholding or other shareholder arrangements in respect of the Proposed Operator;
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Change of Ownership means a change in the individual or entity that owns the facility business, a change in the individual or entity responsible for the provision of services at the facility, or both. Events that change ownership include, but are not limited to:
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Change of Ownership means any time a controlling interest in a sole proprietorship, joint venture, partnership, corporation, limited liability company, or any other kind of entity is transferred to another sole proprietor, joint venture, partnership, corporation, limited liability company or any other kind of entity.
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Change of Ownership means:
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Change of Ownership means the purchase, transfer, assignment, or lease of a licensed residential care facility.
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Change of Ownership means the purchase, transfer, assignment or lease of a certified adult day services program and includes a change in the management company responsible for the day-to-day operation of the program, if the management company is ultimately responsible for any enforcement action taken by the department.
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Change of Ownership means (a) 50% or more of the Equity Interests of Borrower is no longer owned or controlled by (including for the purposes of the calculation of percentage ownership, any Equity Interests into which any Equity Interests of Borrower held by any of the Original Owners are convertible or for which any such Equity Interests of Borrower or of any other Person may be exchanged and any Equity Interests issuable to such Original Owners upon exercise of any warrants, options or similar rights which may at the time of calculation be held by such Original Owners) a Person who is an Original Owner or (b) any merger, consolidation or sale of substantially all of the property or assets of Borrower.
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