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.
Management Control or “Control” as applied to any Person, means the power or right to, directly or indirectly (including by virtue of ownership of voting rights or management rights or contract or in any other manner): (i) direct or cause the direction of the management or policy of that Person; or (ii) appoint or remove the majority of the directors on the board of directors of that Person. “Controlled”, “Controlling” and “Controlled” shall be construed accordingly.
Management Control means, with respect to any direct or indirect interest in the Borrower or the Property (not including Manager under an Approved Management Agreement), the power and authority to make and implement or cause to be made and implemented all material decisions with respect to the operation, management, financing and disposition of the specified interest.
Examples of Management Control in a sentence
COUNTY agrees to comply with the requirements of the applicable Management Control Agreements relating to COUNTY operation of the Regional Public Safety Infrastructure at Host PSAP(s).
Dealer If during the Policy Period a Sponsor Company or a Sponsor Broker-Dealer ceases to be under the direct or indirect Management Control of the Policyholder, then coverage for such entity under this policy shall only be available, subject to all other terms and conditions of this policy, for any Wrongful Act occurring or allegedly occurring prior to the date such entity ceased to be under direct or indirect Management Control.
More Definitions of Management Control
Management Control means the authority to set and enforce:
Management Control means holding more than 50 percent of the voting power on any board of directors or trustees, any management committee, or any other group managing a corporation, partnership, limited liability company or trust.
Management Control means: (1) owning interests representing more than fifty percent (50%) of the voting, appointment or designation power for the selection of a majority of the Board of Directors of a corporation or organization, the management committee members of a joint venture or partnership, or the members of the management board of a limited liability company; or (2) having the right, pursuant to written contract or the by-laws, charter, operating agreement or similar documents of an organization, to elect, appoint or designate a majority of the Board of Directors of a corporation or organization, the management committee of a joint venture or partnership or the management board of a limited liability company.
Management Control means that the Company has either:
Management Control means the effective control of the management of a Measured Entity by reference to Top Management;
Management Control means:
Management Control means that the Insured has the right to control the day-to-day management of the relevant entity and to set security and internal control procedures, whether financial or operational.