Control Percentage definition

Control Percentage means, with respect to any Person, the percentage of the outstanding capital stock of such Person having ordinary voting power which gives the direct or indirect holder of such stock the power to elect a majority of the Board of Directors of such Person.
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Control Percentage means, with respect to any Person, the percentage of the outstanding Voting Securities (including any options, warrants or similar rights to purchase such Voting Securities) of such Person having ordinary voting power which gives the direct or indirect holder of such Voting Securities the power to elect a majority of the board of directors (or other applicable governing body) of such Person.
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Control Percentage means a Voting Ownership Percentage of 15%, during the period prior to a Regulatory Change, and a Voting Ownership Percentage of 35% thereafter.
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Examples of Control Percentage in a sentence

  • Sell, lease or otherwise transfer any NL Shares if after giving effect thereto the Borrower shall not retain a Control Percentage with respect to NL Industries.

  • Change or amend, or permit any change or amendment of the certificate of incorporation or bylaws of NL Industries or any of its Subsidiaries that decreases the Control Percentage with respect to NL Industries below 51%.

  • The term “control” (including the terms “controlled by” or “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of a Control Percentage, by contract or otherwise.

  • Uncontrolled Engine Emission Factors Controlled Engine Emission Factors and Control Percentage Engine Emissions DEHYDRATION UNITEmission estimates from the TEG dehydration unit’s regenerator vent are based on the Gas Research Institute (GRI) program GLYCalc Version 4.0, an inlet gas analysis and continuous operation.

  • The Company acknowledges that the Control Percentage shall be subject to a proportionate adjustment in the event the Company does not report net income of at least $3.7 million (the `Net Income Threshold") in its audited financial statements for fiscal 2004.


More Definitions of Control Percentage

Control Percentage means, with respect to any Person, the percentage of the outstanding Voting Securities of such Person having ordinary voting power which gives the holder(s) thereof Control over such Person.
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Control Percentage means at least 35% in the event the applicable securities are registered under the Securities Exchange Act of 1934, as amended ("Exchange Act"), or at least 35% in the event the applicable securities are not registered under the Exchange Act;
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Control Percentage means a Voting Ownership Percentage of 15 percent, during the period prior to a Regulatory Change, and a Voting Ownership Percentage of 35 percent thereafter.
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Control Percentage means (i) prior to the creation of the Public Market, the percentage of which the Wxxx/Mxxxxxxx Group is the beneficial owner (determined as provided above) and (ii) at any time after the creation of a Public Market, the greater of 30% and the percentage in (i); or
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Control Percentage means, prior to July 1, 2000, 30% and on and after July 1, 2000, 50%.
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Control Percentage means, with respect to any Person, the percentage of the outstanding capital stock of such Person having ordinary voting
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Control Percentage means the higher of (i) 30% and (ii) the percentage owned by the Permitted Investor of the aggregate ordinary voting power represented by the issued and outstanding capital stock of the Borrower.
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