common control company definition

common control company means any company, any of whose ultimate controllers (applying the definition set out in Standard Condition A1 (Definitions for the standard conditions) but substituting that company for the licensee) is also an ultimate controller of the licensee.
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common control company means any company, any of whose Ultimate Controllers
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common control company means any company, any of whose ultimate holding companies (applying the definition set out in Condition 1 (Interpretation and construction) but substituting that company for the Licensee) is also an ultimate holding company of the Licensee;
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More Definitions of common control company

common control company means any company, any of whose ultimate controllers (applying the definition set out in Standard Special Condition A3 (Definitions and Interpretation) but substituting that company for the licensee) is also an ultimate controller of the licensee.
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common control company means any company, any of whose Ultimate Controllers (applying the definition set out in standard condition 1 (Definitions for the
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common control company means any company, any of whose ultimate controllers (applying the definition set out in Standard Special Condition A3 (Definitions and Interpretation) but substituting that company for the licensee) is also an UultimateCcontroller of the licensee.“cross-default obligation”means a term of any agreement or arrangement whereby the licensee‟s liability to pay or repay any debt or other sum arises or is increased or accelerated or is capable of arising, of increasing or of being accelerated by reason of a default (howsoever such default may be described or defined) by any person other than the licensee, unless:(i) that liability can arise only as the result of a default by a subsidiary of the licensee;(ii) the licensee holds a majority of the voting rights in that subsidiary and has the right to appoint or remove a majority of its board of directors; and(iii) that subsidiary carries on business only for a purpose within sub-paragraphs 1(a), 1(b), 1(c) or 1(d) of the definition of permitted purpose set out in Standard Special Condition A32 (Definitions and InterpretationDefinition of Permitted Purpose).“participating owner”For the purposes of the definition of Aassociate above, a person is subject to a participating interest by another person (a “participatingowner”) if:Standard Special Condition A42: Requirement for sufficiently independent directors 4. The reference to „director‟ in sub-paragraph 3(b) does not include appointment as a non-executive director of:
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Related to common control company

  • Common Carrier means any land, sea, and/or air conveyance operating under a valid license for the transportation of passengers for hire.

  • Service-disabled veteran-owned business means a service-disabled veteran-owned business located in the State of Tennessee that satisfies the criteria in Tenn. Code. Ann. § 12-3-1102(8). "Service-disabled veteran" means any person who served honorably in active duty in the armed forces of the United States with at least a twenty percent (20%) disability that is service-connected, i.e., the disability was incurred or aggravated in the line of duty in the active military, naval or air service.

  • Senior citizen means that term as defined in section 514.

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.