Controlling Shareholder definition

Controlling Shareholder means any shareholder owning more than fifty

Controlling Shareholder of a corporation means a shareholder who or which holds (or another person who or which holds for the benefit of such shareholder), other than by way of security only, voting securities of such corporation carrying more than 50% of the votes for the election of directors, provided that the votes carried by such securities are sufficient, if exercised, to elect a majority of the board of directors of such corporation;

Controlling Shareholder means a person who:

Examples of Controlling Shareholder in a sentence

• The Controlling Shareholder and the Investor each agree not to revoke the authority of its Service Agent and if, for any reason it does so, it shall promptly appoint another Service Agent with an address in England and notify the other Parties of the Service Agent’s name and address details.

• The Board shall act in accordance with the internal policy to be approved at the first Board meeting to occur after the date hereof and which such policy shall (i) be consistent with the Organizational Documents of the Company, this Agreement and similar to internal policies adopted by other companies controlled by the Controlling Shareholder on the date hereof, and (ii) require Investor’s Consent, which shall not be unreasonably withheld.

• The Company shall, and the Controlling Shareholder shall procure that, the Company (and any Subsidiary) complies with and enforces the terms of any agreement to which it is a party related to the acquisition by the Group of any entity, securities, assets or businesses (each a “Group Acquisition Agreement”).

• The Controlling Shareholder undertakes not to Transfer Control of the Company to any Third-Party (excluding a Permitted Transferee or via a Qualified Public Offering), without Investor Consent, during the Lock-Up Period.

• The Company shall, and the Controlling Shareholder shall procure that, the benefit of any indemnities or the receipt of any damages, in each case, pursuant to any Group Acquisition Agreement, shall accrue to the benefit of the Company or relevant Subsidiary.

More Definitions of Controlling Shareholder

Controlling Shareholder means any shareholder owning more than fifty percent (50%) of the stock in the corporation or more than twenty-five percent (25%) of the stock in the corporation if no other shareholder ownes a larger share of stock in the corporation.

Controlling Shareholder has the meaning as given in the Listing Rules;

Controlling Shareholder means a “controlling shareholder” of the Company, as such term is defined in Section 32(9)(a) of the Tax Ordinance.

Controlling Shareholder means a shareholder holding, directly or indirectly, 90 per cent (or such other percentage above 90 per cent as provided in the Articles of Incorporation) or more of the Company’s voting rights as calculated in accordance with the Companies Act;

Controlling Shareholder means a person who holds directly or indirectly 15% or more of the total number of issued shares excluding treasury shares in the company; or who in fact exercises control over the company.

Controlling Shareholder means a person who (i) holds directly or indirectly 15% or more of the total number of issued shares in the company excluding treasury shares (the SGX-ST may determine that such person is not a controlling shareholder) or (ii) in fact exercises control over a company;

Controlling Shareholder means a “controlling shareholder” within the meaning of Section 32(9) of the Ordinance, currently defined as an individual who prior to the grant or as a result of the grant or exercise of any Award, holds or would hold, directly or indirectly, in his name or with a relative (as defined in the Ordinance) (i) 10% of the outstanding shares of the Company, (ii) 10% of the voting power of the Company, (iii) the right to hold or purchase 10% of the outstanding equity or voting power, (iv) the right to obtain 10% of the “profit” of the Company (as defined in the Ordinance), or (v) the right to appoint a director of the Company.