Control Interest definition

Control Interest means "management" as defined in this rule.

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Control Interest means an interest which allows the holder to direct or cause the direction of the management and policies of a Party or Affiliate through the legal or beneficial ownership of voting securities, the right to appoint directors or management, contract, voting trust, or otherwise.

Control Interest means direct or indirect beneficial ownership of 50% or more of the voting stock of, or a 50% or greater interest in the income of, such corporation or other business entity, or such other relationship as, in fact constitutes actual control.

Examples of Control Interest in a sentence

• Using the Department-specified disclosure form, and in accordance with 42 CFR § 455.104, the Contractor, if organized as a corporation, shall provide disclosures for each Person with an Ownership or Control Interest in the Contractor.

• The required information includes: The name, address, date of birth, social security number (in the case of an individual) and tax identification number (in the case of a corporation) of each Person, with an Ownership or Control Interest in the MCO or in any subcontractor in which the MCO has direct or indirect ownership of five percent (5%) or more.

• Indirect Ownership or Control Interest is determined by multiplying the percentage of ownership in each entity.

• For corporations with an Ownership or Control Interest, this includes the primary business address, every business location address, and all P.O. box addresses.

• Form CMS 1513, Ownership and Control Interest Statement, is to be submitted to SCDHHS with this Contract; then resubmitted prior to implementation for each Contract period or when any change in the Contractor’s management, ownership or control occurs.

• Before entering into or renewing this Agreement with Corporation, within 35 days after a change in ownership in Medical Services Entity, or at any time on request, Medical Services Entity is required to complete, sign, and return a “Provider Disclosure of Ownership and Control Interest Form,” available at ▇▇▇.▇▇▇▇▇▇.▇▇▇ and in the Medicaid PRM, regarding certain criminal convictions, ownership and control information.

• The Contractor shall provide the required information using the Disclosure of Ownership and Control Interest Statement (CMS 1513), included as part of the Contractor Specific Contract Terms and Signature Pages, annually at the time of Contract signing.

• For corporations with Ownership or Control Interest, this includes the primary business address, every business location address and all P.O. Box addresses.

• If, within the Change in Control Option Period, one or more Non-Change in Control Parties elects to acquire the Change in Control Interest, then such other Party or Parties will close such transaction in accordance with Section 10.3(d) no later than 60 days after the last day of the Change in Control Option Period.

• Upon receipt of such a notice from the Lender of its exercise of such right, the Borrower shall have sixty (60) Business Days’ thereafter to repay Principal Amount to the Lender together with all accrued and unpaid interest owing thereon and the Change of Control Interest Premium.

More Definitions of Control Interest

Control Interest. Outstanding" means when used with reference to the Notes at a particular time, all Notes theretofore issued as provided in the Securities Purchase Agreement dated as of August [___], 2000 between the Corporation and the Investors, except (i) Notes theretofore reported as lost, stolen, damaged or destroyed, or surrendered for transfer, exchange or replacement, in respect to which replacement Notes have been issued, (ii) Notes theretofore paid in full, and (iii) Notes theretofore canceled by the Corporation, except that, for the purpose of determining whether Holders of the requisite principal amount of Notes have made or concurred in any waiver, consent, approval, notice or other communication under this Agreement, Notes registered in the name of, or Beneficially Owned by, the Company or any Subsidiary of any thereof, shall not be deemed to be outstanding. "Holder" means, at any time of reference, a Person in whose name a Note is registered in the Note Register at such time.

Control Interest means an interest of 50% or more of the voting shares of a Participant.

Control Interest means an interest, whether direct or indirect, such that the Interested Person (or his or her Family Member) has the ability to determine the composition of 25% or more of the Board of Directors, Board of Managers, or its equivalent, of the entity in question.