Common Control definition

Common Control means the power to direct or cause the direction of the management and policies of a person or an organization, whether by ownership of stock, voting rights, by contract, or otherwise.

Common Control means that two or more Persons are Controlled by the same other Person.

Common Control means where one person Controls another or when two persons are Controlled by a third party, in all cases whether directly or indirectly.

Examples of Common Control in a sentence

• Any Person that directly or indi- rectly Controls, or is Controlled by, or is under Common Control with, any Person described in paragraphs (1) and (2) of this definition.

• Business Combinations, Pushdown Accounting Transactions, and Transactions between Entities under Common Control – If the reporting institution entered into a business combination that became effective during the year-to-date reporting period and has been accounted for under the acquisition method, include the recoveries, charge-offs, and provisions of the acquired institution or other business only after its acquisition.

• Any Person that directly or indi- rectly Controls, or is Controlled by, or is under Common Control with, a Li- censee.

• The same limit applies to a group of Section 301(d) Licensees under Common Control.

• Such Per- sons must not be your Associates (ex- cept for their status as your share- holders, limited partners, or members) and must not Control, be Controlled by, or be under Common Control with any of your Associates.

More Definitions of Common Control

Common Control means two entities that are both Controlled by the same third entity.

Common Control or a member of an "affiliated service group" within the meaning of Code Sections 414(b), (c) or (m), (ii) required to be aggregated under Code Section 414(o), or (iii) under "common control," within the meaning of Section 4001(a)(14) of ERISA, or any regulations promulgated or proposed under any of the foregoing Sections, in each case with any entity other than the Company.

Common Control means those firms as defined by Internal Revenue Code § 52(b).

Common Control means the ownership and voting control of more than 50% of the outstanding voting securities or interest in capital or profits of such specified Person, or the right to direct or control the management or affairs of such specified Person by contract or similar arrangement. Should a Person divest an Affiliate or should an Affiliate cease to satisfy this definition, such Affiliate’s rights and obligations under this JDA shall be terminated.

Common Control means two or more entities controlled by the same person or entity.

Common Control shall have correlative meanings.

Common Control means sharing an Ultimate Parent. For the purposes of this Section, "Ultimate Parent" means a person who is not Controlled by any other entity.