Ultimate holding definition

Ultimate holding means a holding company (within the meaning of sections 1159 and 1160 of the Companies Act 2006) of the applicant which is not itself a subsidiary of another company, which is in the position to control, or exercise significant influence over, a policy of the applicant by virtue of rights under contractual arrangements or rights of ownership which are held by the company or of which the company is a beneficiary.)

Examples of Ultimate holding in a sentence

  • X4 Ultimate holding company guarantee Optional Used where the PSCP has an ultimate holding company in the form detailed in the P23 FA Schedule 11.

  • Ultimate holding the supervision and they should know your lists both of and joint operating oil gas.