Control, Controls and Controlled definition
Control, Controls and Controlled means (a) ownership of at least fifty percent (50%) of the voting rights of a Person, (b) the power to direct or cause the direction of the management and policies of a Person, or (c) the power to appoint a majority (or more) of the board of directors of a Person. Deadlock has the meaning given in clause 13.1.
Control, Controls and Controlled means the ownership, directly or indirectly of 50.1% or more of the voting equity securities of a Person.
Control, Controls and Controlled when used with respect to any Person means the power of a Person (the “Controlling Person”) and its Affiliates to appoint the majority of the members of the board of directors of such Person, directly or indirectly, whether through ownership of Capital Stock, by contract or otherwise, it being understood, however, that where the power to manage such Person has been, entirely or substantially, removed from its board of directors through a unanimous shareholders' agreement or otherwise or when such Person does not have a board of directors, then it means the power of the Controlling Person and its Affiliates (which power can be exercised without the need to obtain the consent of any other Person) to direct the management and policies of such Person in a manner similar as a board of directors would do, directly or indirectly, by contract or otherwise;