Controlling Power definition

Controlling Power means the power effectively used by the Government to direct the activities and guide the operation of a public enterprise;

Controlling Power or “Control” means the actual power to directly or indirectly conduct the corporate business and to direct the action of the governing bodies of the Bank, as a matter of fact or law. Ownership of control is to be presumed as to a person, or group of persons that are parties to a shareholders’ agreement or are under common control (a controlling group), holding such number of shares as may have secured an absolute majority of the votes cast by the shareholders present at the past three shareholders’ meetings of the Company even though not holding such number of shares as would secure an absolute majority of the voting capital.

Controlling Power or "Control" means the power effectively used to steer corporate activities and instruct the operation of the Bank’s bodies, directly or indirectly, actually or legally, regardless of the ownership interest held. There is assumption of ownership of control with respect to a person or Group of Shareholders that is the holder of shares ensuring the absolute majority of votes of the shareholders

Examples of Controlling Power in a sentence

• Subsidiaries: companies in which the Company holds the Controlling Power.

• The Company shall not record: (a) any transfers of equity interest to the Acquiror or to those that may come to hold the Controlling Power while such shareholder(s) do(es) not sign the Term of Consent of the Controlling Entities referred to in the Level 2 Regulation and the Panel Code; and (b) in its headquarters, the Shareholders’ Agreement that provides for the exercise of the Controlling Power while its signatories don’t sign the Term of Consent of the Controlling Entities referred to in Item “a” above.

• Whenever used in this Policy, capitalized terms shall have, both the singular and the plural, the following meanings: Controlling Shareholder(s): shareholder or group of shareholders that exercises, directly or indirectly, the Controlling Power of the Company, even though not bound by a shareholders' agreement.

• With due regard for the provisions in these By-Laws, the Corporation will not file a shareholders’ agreement providing for exercise of Controlling Power until its signatories have signed a Consent of Controlling Shareholder.

• Paragraph 2 - Should the acquisition of Control subject the acquirer of the Controlling Power to carry out the take over as determined in Article 45 herein, the acquisition prices at the Tender Offer shall be the highest between the amounts determined pursuant to Articles 43 and 45, Paragraph 2 herein.

More Definitions of Controlling Power

Controlling Power means the power actually used to direct the corporate activities and guide the operation of the Company’s bodies, whether directly or indirectly, on a factual or legal basis. There is a relative presumption of control ownership in relation to the person or group of persons bound by a shareholders’ agreement or under common control (controlling group) holding the shares that ensured it the qualified majority of the votes of the shareholders present at the last three Shareholders Meetings of the Company, even if not holding the shares that ensured it the qualified majority of the voting capital.

Controlling Power means power to control other companies, either directly or indirectly, in the following manners:

Controlling Power means the effective power used to direct the Company’s activities and to establish the guidelines for the operation of its management bodies, directly or indirectly, in fact or under the law, regardless of the equity interest that is held. An individual or Group of Shareholders are presumed hold the control of the Company if they hold enough shares to ensure an absolute majority of votes accorded to the shareholders present to the Company’s last 3 (three) general shareholders’ meetings, even if they do not hold the number of shares that actually provide them with an absolute majority of the voting stock.

Controlling Power. (as well as its related terms, “Controlling Company”, “Controlled”, “under common Control” or “Control”) means the power effectively used to direct the corporate activities and guide the operation of a company’s bodies, directly or indirectly, de facto or de jure, regardless of the equity interest held, as well as to appoint the majority of the administrators of a company. There is a rebuttable presumption of control related to the person or Group of Shareholders that hold shares that has assured them the absolute majority of votes of shareholders attending the last three Shareholders’ Meetings, although they do not hold shares that ensure the absolute majority of the voting capital; and

Controlling Power or “Control” means the power effectively used to direct the corporate activities and guide the functioning of the bodies of the Company, directly or indirectly, in fact or in law, regardless of the shareholding held.

Controlling Power or “Control” means the power effectively used to direct the corporate affairs and guide the operation of the Company’s bodies, directly or indirectly, de jure or de facto, regardless of equity interest held. A controlling interest shall be deemed to exist in relation to the person or Group of Shareholders holding the amount of shares necessary to ensure an absolute majority of votes of the shareholders in attendance at the most recent three (3) Shareholders’ Meetings of the Company, even if they do not hold the number of shares that actually should provide them with an absolute majority of the voting stock.

Controlling Power means the power to control a business, as described in Section 89/1 of the Securities and Exchange Act;