Unrelated Entity definition
Unrelated Entity means an entity with respect to which 50% or more of such entity is not owned, directly or indirectly, by the Company, any subsidiary, the existing stockholders of the Company in approximately the same proportion as before the transaction or any employee benefit plan sponsored or maintained by the Company or any subsidiary (including any trustee of such plan acting as trustee); provided, however that no entity shall be an Unrelated Entity if ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ (including any “person” controlled by ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ (as defined in Rule 12b-2 under the Exchange Act)) owns more than 10% of such entity.
Unrelated Entity means an entity (i) with respect to which 35% or more of such entity is not owned, directly or indirectly, by Steven S. Elbaum, Holdco, Essex, Alpine, any of their majority-own▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ or the holders of the outstanding voting securities of Alpine immediately prior to the time of the determination of whether there has occurred an Change in Control; or (ii) which is not an employee benefit plan (or related trust) of Essex, Holdco, Alpine or any of their majority-owned subsidiaries.
Unrelated Entity means and refers to a person, corporation, limited liability company, partnership or other business entity or organization which is not a Tenant Affiliated Entity.
Examples of Unrelated Entity in a sentence
In addition, in the event that all of the stock in Lifetime or all or substantially all of the assets of Lifetime are transferred to an Unrelated Person or Unrelated Entity, either party may terminate this Agreement within thirty (30) days of such transfer.
An Unrelated Entity is such if neither it nor Lifetime have a direct or indirect ownership interest in the other in excess of five percent (5%) and if there is no common ownership between such entity and Lifetime in excess of five percent (5%).
More Definitions of Unrelated Entity
Unrelated Entity shall have the meaning set forth in Section 9.2 of this Lease.