Common use of Control Person Clause in Contracts

Control Person. For the purpose of determining whether Stuart is a Control Person with respect to his ownership of shares of stock in the Lennar corporations pursuant to Article XIX, the term "Control Person" shall mean Stuart's ownership, either directly or indirectly, through his ownership of LMM Family Corp., either individually, as trustee, or otherwise with respect to the Lennar Corporations (as defined in Article XIX, above), of five percent (5%) or more of the value of all issued and outstanding shares and ten percent (10%) of the total votes that may be cast with respect to all voting shares of either or both of the Lennar corporations.

Control Person. For the purpose of determining whether Stuart is a Control Person with respect to his ownership of shares of stock in the Lennar corporations pursuant to Article XIX, the term "Control Person" shall mean Stuart's ownership, either directly or indirectly, through his ownership of LMM Family Corp., either individually, as trustee, or otherwise with respect to the Lennar Corporations (as defined in Article XIX, above), of five percent (5%) or more of the value of all issued and outstanding shares and ten percent (10%) of the total votes that may be cast with respect to all voting shares of either or both of the Lennar corporations.. V.