Controlled Portfolio Company definition

Controlled Portfolio Company means a portfolio company of any KKR Vehicle of which the KKR Vehicle (together with KKR or any other KKR Vehicles) holds a majority of the outstanding voting equity, has the right to appoint a majority of the board members (or equivalent managers) or otherwise has the right to exercise majority control by contract.
Controlled Portfolio Company means a Portfolio Company if the Company, directly or through one or more Subsidiaries, owns securities having a majority of the voting power in electing the board of directors (or analogous governing body) of such Portfolio Company or, in the case of a partnership, limited liability company or other similar entity that is not governed by a board of managers (or analogous governing body), the Company, directly or through one or more Subsidiaries, serves as general partner or managing member of such Portfolio Company.
Controlled Portfolio Company means any portfolio company that directly, or indirectly through one or more intermediaries, is controlled by or is under common control with Ares, an Ares Direct Transferee or an Ares Indirect Transferee, as applicable.

Examples of Controlled Portfolio Company in a sentence

  • A Controlled Portfolio Company is a portfolio company that is controlled by the private equity fund, either alone or together with the private equity fund’s affiliates or other persons that are part of a club or consortium including the private equity fund.


More Definitions of Controlled Portfolio Company

Controlled Portfolio Company means, with respect to any WCP Owner, any Portfolio Company which such WCP Owner (together with its related invested funds, successor funds and general partners) directly or indirectly (i) owns a majority of the outstanding voting equity securities, and/or (ii) has the right to designate a majority of the board of directors or other similar governing body entity such that such designees control the board or other similar governing body or otherwise has the possession of the power to direct the management and policies of a Person.
Controlled Portfolio Company means any portfolio company that directly, or indirectly through one or more intermediaries, is controlled by or is under common control with: (A) Ares, an Ares Direct Transferee or an Ares Indirect Transferee or (B) OTPP, an OTPP Direct Transferee or an OTPP Indirect Transferee, as applicable.
Controlled Portfolio Company. Any company that (x) is controlled (through an ownership of 50% or more of the equity interests or stock) by the Collateral Manager, an Affiliate thereof, or an account, fund, client or portfolio established and controlled (through an ownership of 50% or more of the equity interests or stock) by the Collateral Manager or an Affiliate thereof and (y) with respect to which the Collateral Manager has actual knowledge of such control.
Controlled Portfolio Company means with respect to any private equity fund, a portfolio company that is controlled by the private equity fund, either alone or together with the private equity fund’s affiliates or other persons that are, as of the data reporting date, part of a club or consortium including the private equity fund.
Controlled Portfolio Company means a Portfolio Company in which the KA Funds listed on Section 7.1(e) of the KA Disclosure Schedule and the KA Entities collectively (x) own a majority of its outstanding voting securities or (y) have the right to elect a majority of its Governing Body.
Controlled Portfolio Company means a company (i) in which a Seller has a controlling interest and (ii) that competes with the business of the Company as conducted on the Closing Date.
Controlled Portfolio Company means a Portfolio Company as to which one or more Financing Credit Parties possesses, directly or indirectly, the power to direct or cause the direction of such Portfolio Company's management and policies, whether through the ownership of Capital Stock, by contract or otherwise.