controls, is controlled by, or is under common control with definition

controls, is controlled by, or is under common control with means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through ownership of voting securities (as to which ownership of 50% or more establishes control) or other interests, by contract or otherwise.
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Related to controls, is controlled by, or is under common control with

  • under common control with means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, as trustee or executor, as general partner or managing member, by Contract or otherwise, including the ownership, directly or indirectly, of securities having the power to elect a majority of the board of directors or similar body governing the affairs of such Person.

  • controlled by and "under common control with"), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise.

  • Intermediaries has the meaning set forth in Section 3.14(1).

  • Controlling and “Controlled” have meanings correlative thereto.

  • Common Control means where one person Controls another or when two persons are Controlled by a third party, in all cases whether directly or indirectly.