Examples of Controlling Holder in a sentence
Besides, upon the commencement of its formal operation, Yankuang Group Finance Company Limited (a subsidiary of the Controlling Holder) provides financial services, such as deposits, borrowings and settlement services, to the Group.
If a requested registration pursuant to this Section 2.3 involves an underwritten offering, the underwriter or underwriters thereof shall be selected by the Controlling Holder and shall be reasonably acceptable to the Company.
The Plaintiff has alluded to the fact that CTIMCO also held emergency powers under section 19(c) of the Participation Agreement, under which CTIMCO could have petitioned the court for a receiver even if it were unable to obtain authority from the Controlling Holder to do so.
However, a review of section 19(c) reveals that the parties intended for the Controlling Holder to have the final consent necessary, and the Special Servicer has the authority to act without consent only in limited circumstances.
In addition to financial sanctions for employing illegally staying third-country nationals, the Commission proposal also foresees other administrative measures such as: exclusion from entitlements to as well as recovery from public benefits, aid or subsidies; exclusion from participation in a public contract; and temporary or permanent closure of the establishments that have been used to commit the infringements.