Diffuse Control definition
Diffuse Control. – means the Power of Control exercised by a shareholder owning less than fifty per cent (50%) of the capital stock. It also means the Power of Control when exercised by shareholders which, as a group, hold a percentage above fifty per cent (50%) of the capital stock, with each shareholder holding individually less than 50% of the capital stock, provided that these shareholders are neither subscribers to a voting agreement, nor under common Control, and do not act representing a common interest.
Diffuse Control means the Power of Control exercised by a shareholder holding less than 50% (fifty percent) of the Company's share capital. It also means the Power of Control when exercised by shareholders holding a percentage greater than 50% (fifty percent) of the share capital in which each shareholder individually holds less than 50% (fifty percent) of the share capital and provided that these shareholders are not signatories to a voting agreement, are not under common control and do not act in the common interest.
Diffuse Control means Control exercised by a shareholder holding less than 50% (fifty percent) of the Company’s capital, or by shareholder(s) which do not constitute a Shareholder Group.
More Definitions of Diffuse Control
Diffuse Control means the Control exercised by a shareholder owning less than fifty percent (50%) of the capital stock. It also means the Control when exercised by a group of Shareholders holding more than fifty percent (50%) of the capital stock, with each shareholder holding individually less than fifty percent (50%) of the capital stock, provided these Shareholders are neither signatories to any voting agreement, nor under common Control, and do not act representing a common interest.