Controlling equity interest definition
Controlling equity interest means ownership of more than 50 percent of the outstanding equity interests of a corporation, partnership, limited liability company or trust.
Controlling equity interest means the ability of any person, entity or group to direct the management and policies of the Company.
Controlling equity interest as used herein means the possession, direct or indirect, of the power to direct or cause the direction of the management, and policies of Lender whether through the ownership of voting securities, by contract, or otherwise.
Examples of Controlling equity interest in a sentence
Controlling equity interest shall mean the University’s ownership of equity securities of a licensee sufficient to grant the University the power to direct the licensee’s management.