Legal Control definition

Legal Control means the power, either directly or indirectly, to exercise the authority of the owner of the Real Property, either as or through the majority shareholder of the common stock of a corporation, the sole or managing general partner of a limited partnership, the managing general partner of a general partnership, or the sole manager of a limited liability company, provided the entity exercising such authority cannot be divested of such authority without its consent, either directly or indirectly, except for cause.
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Legal Control means the power, indefeasible unless for cause, to direct or to cause the direction of the management and policies of the Borrower and the Related Borrower through the direct or indirect holding of (a) equity interests in any Borrower, (b) rights under a voting trust, (c) the position of general or managing general partner of a partnership, (d) the position of manager or managing member of a limited liability company, or (e) other contract rights conferring such power.
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Legal Control means the power, either directly or indirectly, to exercise the authority of the owner of the Real Property, either as the majority shareholder of the common stock of a corporation, as the sole general partner of a limited partnership, as the managing general partner of a general partnership, or as the sole manager of a limited liability company, provided the entity exercising such authority cannot be divested of such authority without its consent, either directly or indirectly, except for cause.
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Examples of Legal Control in a sentence

  • International Responses to Terrorism: The Limits and Possibilities of Legal Control of Terrorism by Regional Arrangement with Particular Reference to ASEANOng Yen Nee(2002) 30.

  • Martha Chamallas, Consent, Equality, and the Legal Control of Sexual Conduct, 61 S.

  • Corporate Structure / Statement of Legal Control Southern States University (SSU) was incorporated as a for-profit organization in 1983, and was purchased by Tepper Technologies, Inc.

  • Paras Diwan: Studies on Environmental Cases.2. S.N. Jain (ed.): Pollution Control and the Law.3. Armin Rosencranzand Shyam Divan: Environmental Law and Policy in India.4. A.Agarwal (ed.): Legal Control of Environmental Pollution5.

  • Demonstration of "demand" is dependent on the specific water use classification requirements set forth in Subsections 2.2 through 2.3. 2.1.1 Legal Control over Project SiteApplicants for irrigation, industrial, commercial, and dewatering general or individual permits must demonstrate the legal right to conduct the water use on the project lands or site.

  • Doreen McBarnet & Christopher Whelan, The Elusive Spirit of the Law: Formalism and the Struggle for Legal Control, 54 MOD.

  • Corporate Structure / Statement of Legal Control Southern States University (SSU) was incorporated as a for-profit organization in 1985, and was purchased by Tepper Technologies, Inc.

  • Asian Consortium of Mathematics for Industry was first proposed and more re- cently when planning to formalise possibilities, there has been strong support and encouragement from colleagues in China, Hawaii, Korea, Malaysia and Singapore as well as Australia, New Zealand and Japan.

  • Banking System, Frauds and Legal Control – R.P. Namita References:Banking Law & Practice in India – M.L. Tannan Course OutcomeIt enables to understandthe institution of Bankingand law regulating the banking system in India, then to know recent trends in Banking system in India.

  • Physical or Legal ControlExcept to the extent provided for in the ‘Physical or Legal Control Extension’ clause contained in Section 3 ‘What We Cover You For - Additional Benefits’ of this Policy, We do not cover any liability for Property Damage to any Property or Watercraft in Your physical or legal control.


More Definitions of Legal Control

Legal Control means the control exercised by a general partner of a limited partnership, provided the general partner is not removable except for cause, by the sole managing member of a limited liability company, or by the holder of the majority of the common stock of a corporation.
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Legal Control means the power, either directly or indirectly, to exercise the authority of the owner of the Real Property, either as the majority shareholder of the common stock of a corporation, as the sole general partner of a limited partnership, as the managing general partner of a general partnership, or as the sole manager of a limited liability Deed of Trust U-Store-It Self Storage Warehouse [_________] AEGON Loan No. 89255company, provided the entity exercising such authority cannot be divested of such authority without its consent, either directly or indirectly, except for cause. A general partner shall have Legal Control for purposes of this definition notwithstanding the fact that a majority or supermajority of limited partners in a limited partnership must approve (A) sales or refinancings of interests in the related Parcel, Land or Personal Property other than in the ordinary course of business, (B) the pledge, sale or transfer of all limited partnership interests in a Borrower in conjunction with the sale or refinancing or other disposition of the related Parcel, (C) election of a substitute general partner upon the retirement, withdrawal or removal for cause of a general partner, (D) calling of a meeting, or (E) entering into agreements with a general partner or its affiliates.
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Legal Control means the power, either directly or indirectly, to make or veto all material decisions with respect to Mortgagor, including its operations, management, financing and disposition of Mortgagor and its assets, provided the person or entity exercising such authority cannot be divested of such authority without its consent, either directly or indirectly, except for cause;
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Related to Legal Control

  • LEGAL COMPLIANCE This Agreement and any transaction with, or payment to, you pursuant to the terms hereof is conditioned on your representation to us that, as of the date of this Agreement you are, and at all times during its effectiveness you will be, a bank as defined in Section 3(a)(6) of the Securities Exchange Act of 1934 (or other financial institution) and not otherwise required to register as a broker or dealer under such Act. You agree to notify us promptly in writing if this representation ceases to be true. You also agree that, regardless of whether you are a member of the NASD, you will comply with the rules of the NASD, including, in particular, Sections 2310, IM 2310-2, and 2830 of the NASD Conduct Rules, and that you will maintain adequate records with respect to your customers and their transactions, and that such transactions will be without recourse against you by your customers. We recognize that, in addition to applicable provisions of state and federal securities laws, you may be subject to the provisions of the Xxxxx-Xxxxxxxx Act and other laws governing, among other things, the conduct of activities by federal and state chartered and supervised financial institutions and their affiliated organizations. As such, you may be restricted in the activities that you may undertake and for which you may be paid, and, therefore, we recognize that you will not perform activities that are inconsistent with your statutory and regulatory obligations. Because you will be the only one having a direct relationship with the customer, you will be responsible in that relationship for insuring compliance with all laws and regulations, including those of all applicable federal and state regulatory authorities and bodies having jurisdiction over you or your customers to the extent applicable to securities purchases hereunder.

  • Independent Legal Counsel means an attorney or firm of attorneys, selected in accordance with the provisions of Section 1(c) hereof, who shall not have otherwise performed services for the Company or Indemnitee within the last three years (other than with respect to matters concerning the rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements).

  • Medical control means a person who provides medical supervision to an emergency medical service provider.

  • Legal Costs of a person means legal costs incurred by that person in defending an action for a Liability of that person.

  • Bona fide legal resident of this State means any resident who has established residence of at least 90 days in the State.

  • illegal connection means a connection to any system through which a municipal service is provided and that is not authorized or approved by the Municipality;

  • Joint legal custody means that the parents share the decision-making rights,

  • Significant Influence means control of at least twenty per cent of total share capital, or of business decisions under an agreement.

  • Legal Counsel shall have the meaning assigned to such term in Section 2(b).

  • Independent professional advice means advice of an attorney, certified public accountant, actuary, or other licensed professional adviser.

  • Substantial Involvement means involvement on the part of the Government. DOE's involvement may include shared responsibility for the performance of the Project; providing technical assistance or guidance which the Applicant is to follow; and the right to intervene in the conduct or performance of the Project. Such involvement will be negotiated with each Applicant prior to signing any agreement.

  • Special Legal Counsel means a law firm, or a member of a law firm, that is experienced in matters of corporate law and neither presently is, or in the past two years has been, retained to represent (i) the Indemnitor or the Indemnitee in any matter material to either such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder.

  • Internal control means a set of systems to ensure that financial and other records are reliable and complete and which ensure adherence to the entity's management policies, the orderly and efficient conduct of the entity, and the proper recording and safeguarding of assets and resources;

  • Operational Control means Security monitoring, adjustment of generation and transmission resources, coordinating and approval of changes in transmission status for maintenance, determination of changes in transmission status for reliability, coordination with other Balancing Authority Areas and Reliability Coordinators, voltage reductions and load shedding, except that each legal owner of generation and transmission resources continues to physically operate and maintain its own facilities.

  • Legal Charge means the legal charge over the Land to be entered into by the Academy Trust in favour of the Secretary of State, in a form and substance satisfactory to the Secretary of State.

  • Consulting means the application of scientific principles and procedures in counseling and human development to provide assistance in understanding and solving current or potential problems that the client may have in relation to a third party, individuals, groups, and organizations.

  • Bona fide association means, with respect to health insurance coverage offered in this

  • Institutional control means the continued surveillance, monitoring, and care of the disposal site after site closure and stabilization to insure the protection of the public health, safety, and welfare, and the

  • continuing professional development means the continuing professional development contemplated in section 32;

  • Evaluation Team means the team appointed by the City; “Information Meeting” has the meaning set out in section 2.2;

  • Medical Advice means any consultation or advice from a Medical Practitioner including the issuance of any prescription or follow-up prescription.

  • Consulting Engineer /"Consultant" shall mean any firm or person duly appointed as such from time to time by the owner.

  • Unprofessional conduct means the same as that term is defined in

  • Legal custody means (i) a legal status created by court order which vests in a custodian the right to

  • Competent and reliable scientific evidence means tests, analyses, research, studies, or other evidence based on the expertise of professionals in the relevant area, that has been conducted and evaluated in an objective manner by persons qualified to do so, using procedures generally accepted in the profession to yield accurate and reliable results.

  • Consulting physician means a physician who is qualified by specialty or experience to make a professional diagnosis and prognosis regarding the patient's disease.