The Guarantor ceases to retain and exercise the Effective Management Control of the Company.
The Guarantor will retain and exercise Effective Management Control.
Management Control means the possession, directly or indirectly of the power to direct or cause the direction of the management and policies of the Concessionaire, whether through the ownership of voting securities, by contract or otherwise or the power to elect or appoint more than 50% (fifty percent) of the directors, managers, partners or other individuals exercising similar authority with respect to the Concessionaire.
Adaptive management means reliance on scientific methods to test the results of actions taken so that the management and related policy can be changed promptly and appropriately.
Executive Management means the CEO and the CFO for purposes of administering this Plan.
Joint Control means a situation where a company has multiple promoters (but none of the shareholders has more than 50% of voting rights and paid up share capital).
Waste Management Plan means a waste management plan required by the municipality in terms of this by-law and NEM:WA;