Controlling Stake definition

Controlling Stake has the meaning set forth in Section 6.3(c).
Sample 1
Controlling Stake means (i) the ownership of more than 30% of the total voting power of the then outstanding voting stock of the Borrower by any “person” or “group;” or (ii) the ownership of more than 20% of the total voting power of the then outstanding voting stock of the Borrower by any “person” or “group” who owned less than five percent (5%) of the voting stock of the Borrower during the prior fiscal year of the Borrower.
Sample 1

Examples of Controlling Stake in a sentence

  • As soon as is reasonably practical and on the availability of appropriate market opportunities, NP ELM intends to establish new Retention CLOs (in conjunction with the relevant Collateral Manager) and sell certain Collateral Obligations to such Retention CLOs. NP ELM will then subscribe for CLO Retention Investments (or, if greater, a Controlling Stake in such Retention CLO), and ensure that it retains at all times the requisite CLO Retention Investments in order to satisfy the EU Retention Requirements.

  • These included not only a control permit from the Bank of Israel, but also similar approvals by banking supervisors in countries where Bank Leumi has banking operations, most notably the Federal Reserve Board, see Tal Levy, Bank Leumi Sells U.S. Bank So Cerberus Can Buy Controlling Stake, HAARETZ, Mar.

  • Pursuant to the Share Purchase Agreement, TCC agreed to acquire, and GDF International agreed to sell the Controlling Stake subject to the satisfaction of customary conditions precedent and receipt of regulatory clearance from the Taiwan Fair Trade Commission, the Investment Committee of the Ministry of Economic Affairs of Taiwan and the Italian government pursuant to its “Golden Power”.

  • The purchase price for the acquisition of the Controlling Stake in cash was EUR 17.10 per Share, leading to a total aggregate purchase price of EUR 132,036,846.30 paid by the Offeror to GDF International.

  • Pursuant to which, (a) the Controlling Stake Disposal Group and the Founding Shareholders as the vendors conditionally agreed to sell, and the Offeror conditionally agreed to acquire 702,020,000 Shares, representing approximately 60.53% of the total issued share capital of the Company as at the Latest Practicable Date, at a consideration of HK$54,476,752.

  • Morris Nichols Represents Terminal Investment Limited in Acquisition of Controlling Stake in Total Terminals International The joint bid of TiL and HMM ultimately prevailed as the highest and best bid with cash consideration of $72.5 million plus assumption of the $320 million TTI credit facility and other consideration.

  • YUKOS Acquires Controlling Stake in Lithuanian Mazeikiu Nafta,” Pravda (20 September 2002), available at http://english.pravda.ru/comp/2002/09/20/36951.html (12 March 2004).

  • Lukoil Selling A Controlling Stake In OAO Bank Petrocommerce, Press release Lukoil, Moscow, 29 June 2004.

  • Under this example, if you were to keep and exercise you eligible Options and sell all 200 of the underlying shares at $12 per share, you would realize a pre-tax gain of only $400 (i.e., 200 Options multiplied by the $2 difference between the $12 market price and the $10 exercise price).

  • E Systems Gammon Acquires Controlling Stake in Sofinter Bosch Takes Over Servico from Kendrion Bharat Forge to Enter into Joint Venture with Alstom Alstom Enters into Contract with Raymond Saudi Arabia Ltd.

Related to Controlling Stake

  • Controlling producer means a producer who directly or indirectly controls an

  • Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding and (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding.

  • Controlling Note means Note A-1.

  • Controlling Persons means the natural persons who exercise control over an Entity. In the case of a trust, such term means the settlor, the trustees, the protector (if any), the beneficiaries or class of beneficiaries, and any other natural person exercising ultimate effective control over the trust, and in the case of a legal arrangement other than a trust, such term means persons in equivalent or similar positions. The term “Controlling Persons” shall be interpreted in a manner consistent with the Financial Action Task Force Recommendations.

  • Controlling shareholding means not less than 51% of the voting rights or paid up share capital in the Company/Consortium.

  • State Controlling Body (SCB) means a state or territory motorcycling association affiliated as a member of MA;

  • Controlling Affiliate means an Affiliate that directly or indirectly Controls the Hotel and/or Controls the entity that Controls the Hotel.

  • Controlling Entity means an entity which owns, directly or indirectly through one or more intermediaries, (i) a general partnership interest or a Controlling Interest of the limited partnership interests in Borrower (if Borrower is a partnership or joint venture), (ii) a manager's interest in Borrower or a Controlling Interest of the ownership or membership interests in Borrower (if Borrower is a limited liability company), (iii) a Controlling Interest of any class of voting stock of Borrower (if Borrower is a corporation), (iv) a trustee's interest or a Controlling Interest of the beneficial interests in Borrower (if Borrower is a trust), or (v) a managing partner's interest or a Controlling Interest of the partnership interests in Borrower (if Borrower is a limited liability partnership).

  • Controlling Secured Parties means, with respect to any Shared Collateral, the Series of First Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral.

  • Controlling Shareholders means controlling shareholders of the Company, as such term is defined in the Ordinance.

  • Controlling Person With respect to any Person, any other Person who “controls” such Person within the meaning of the Securities Act.

  • Compacting state means any state which has enacted the enabling legislation for this compact.

  • Controlling Company shall have the meaning set forth in Section 10.02(a) of this Agreement.

  • Controlling Party Has the meaning specified in the Intercreditor Agreement.

  • Controlling ownership interested means ownership of or entitlement to more than twenty five percent of shares or capital or profits of the Company;

  • Noncompacting state means any state which has not enacted the enabling legislation for this compact.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Participating States means a Member or non-Member State participating in a given Agency programme according to Article V.1 (a) and (b) of the European Space Agency Convention.

  • Controlling Authority means the Minister administering the Tasmanian State Service Act 1984.

  • Consenting Stakeholders has the meaning set forth in the preamble to this Agreement.

  • Non-compacting state means any State which is not at the time a Compacting State.

  • Controlling Holder means, as of any date of determination:

  • Controlling and “Controlled” have meanings correlative thereto.

  • Participating State means a state electing to participate in the uniform program by entering a base state agreement.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Class Representatives or “Plaintiffs” shall mean Plaintiffs Xxxxxxx Xxxxxx, Xxxxxxxx Xxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxxxxx Xxxxxx, and Xxxxxx Xxxxx.