Indirect control definition
Indirect control means any situation where one person is in a position to act through another person over whom the first person has control due to the legal or economic relationship between the two.
Indirect control means a right of a person/organization to control another organization through a third organization (organizations), between which there is significant[3] direct control.
Indirect control means control in fact, determined after examination of the actual circumstances in each situation. In any such examination, all relevant factors should be considered, including the investor's:
a) Financial interest, including equity interest, in the investment;
b) Ability to exercise substantial influence over the management and operation of the investment; and
c) Ability to exercise substantial influence over the selection of members of the board of directors or any other managing body. Where there is doubt as to whether an investor controls, directly or indirectly, an investment, an investor claiming such control has the burden of proof that such control exists.
Examples of Indirect control in a sentence
Indirect control means control exercised through subsidiaries or through affiliates wherever located.
For Bosnia and Herzegovina: For the Kingdom of the Netherlands: On the signing of the Agreement between the Kingdom of the Netherlands and Bosnia and Herzegovina on encouragement and reciprocal protection of investments, the undersigned representatives have agreed on the following provisions which constitute an integral part of the Agreement: Indirect control of an investment means control in fact, determined after an examination of the actual circumstances in each situation.
More Definitions of Indirect control
Indirect control means, with respect to the Borrower and/or the Guarantor, any Person (i) at whose shareholder meetings the Borrower and/or the Guarantor may exercise more than one-half of the voting
Indirect control means indirect control over essential terms and conditions of employment of another employer’s employees but not control or influence over setting the objectives, basic ground rules, or expectations for another entity’s performance under a contract.
Indirect control means the control of the shares or voting rights of a company through the shares or voting rights that are owned by another company (controlled company). The size of the holding and indirect control is determined by multiplying the shares or voting rights owned by the controlled company with the shares or the voting rights, whichever is the largest, owned by the controlled company of the offeree company. If the share or the voting right is higher than 50 percent, it shall be treated as a full.
Indirect control means that general administrative regulations, bylaws or norms can be appealed indirectly by way of challenge to a “decision” on a particular application, which is made pursuant to those rules. For example, in relation to the field of town planning (urbanisation), where a decision is made to refuse an application to develop land or erect a building, a court reviewing that decision can examine, in the process of review, the validity of the regulatory scheme under which the approval has been given if that is challenged. In this way the administrative act or regulation of a general nature (i.e. a town planning ordinance) is challenged indirectly as opposed to mounting a direct challenge to the regulatory scheme by seeking an annulment order directly before any decision is made under it.
Indirect control means the control arising through other controlled undertakings or through the undertakings controlled by the controlled undertakings.