Own or Control definition

Own or Control or “Owned or Controlled” shall mean (i) ownership of record, (ii) beneficial ownership or (iii) the power to direct, by agreement, agency or in any other manner, the voting of Stock. Any determination by the Board of Directors as to whether Stock is Owned or Controlled by a Non-Citizen shall be final.
Own or Control means ownership or control that is direct of indirect, including ownership or control exercised through subsidiaries or affiliates, wherever located.
Own or Control means, with respect to the Company’s Shares, own under the rules set forth in section 958 of the Code;

Examples of Own or Control in a sentence

  • It is the policy of the Corporation that, consistent with the requirements of the Act, Non-Citizens shall not Own or Control more than the Permitted Percentage and, if Non-Citizens nonetheless at any time Own or Control more than the Permitted Percentage, the voting rights of the Stock in excess of the Permitted Percentage shall be automatically suspended in accordance with Sections 13.3 and 13.4 below.


More Definitions of Own or Control

Own or Control or "Owned" or "Controlled" shall mean (i) ownership of record, (ii) beneficial ownership or (iii) the power to direct, by agreement, agency or in any other manner, the voting of Stock.
Own or Control or “Owned or Controlled” means, when used in reference to Securities, (i) ownership of record, (ii) Beneficial Ownership, or (iii) the power to direct, by agreement, agency, or in any other manner, the voting of Securities.
Own or Control means (a) ownership of record, (b) beneficial ownership or (c) the power to direct, by agreement, agency or in any other manner, the voting of shares of Common Stock.
Own or Control means: (A) if the Entity has voting shares or other voting securities, ownership or control (directly or indirectly) of more than fifty percent (50%) of the outstanding shares or securities entitled to vote for the election of directors or other similar managing authority for such Entity; or (B) if the Entity does not have voting shares or other voting securities, ownership or control (directly or indirectly) of more than fifty percent (50%) of the ownership interest representing the right to make decisions for such Entity.
Own or Control means, with respect to the Company’s shares, (i) own under the rules set forth in section 958 of the U.S. Internal Revenue Code of 1986 (which includes shares directly owned, indirectly owned through the ownership of another entity and constructively owned because of certain relationships (such as family relationships or ownership relationships) and (ii) beneficially owned directly or indirectly as a result of the
Own or Control means ownership or control that is direct of indirect, including ownership or control exercised through subsidiaries or affiliates.
Own or Control means (i) ownership of record, (ii) beneficial ownership (as defined in Rule 13d-3 (without regard to the 60-day provision in paragraph (d)(1)(i) thereof) under the Securities Exchange Act of 1934, as amended), or (iii) the power to direct, by agreement, agency, or in any other manner, voting of the Voting Securities.