Power of Control means the power effectively used to direct the social activities and guide the operations of the Company’s bodies, directly or indirectly, de jure, de facto, regardless ownership interest held. There is a relative assumption of ownership of the control concerning the Person or Group of Shareholders that is the holder of shares ensuring the absolute majority of votes of shareholders attending the 3 (three) last General Meetings of the Company, even they are not holders of shares ensuring the absolute majority of the voting capital.
Power of Control means the power actually used to direct the corporate activities and to orient the functioning of the bodies of the Company, directly or indirectly, in fact or in law. There is relative presumption of possession of the Power of Control in relation to a person, or group of persons, bound by a Stockholder’s Agreement or under common control, that owns shares that have given such person or group the absolute majority of votes of the stockholders present in the 3 (three) last prior general meetings of the Company, even if such person or group is not the owner of the shares that give it the absolute majority of the voting capital.
Power of Control means the power used in practice to direct the corporate activities and orient the functioning of the bodies of the Company, in direct or indirect manner, in fact or in law. There is a relative presumption of holding of the Power of Control in relation to the person or to the group of persons linked by a stockholders’ agreement or under common control that is owner of shares that give it the absolute majority of the votes of the stockholders present in the last 3 (three) General Meetings of Stockholders of the Company, even if not being owner of shares ensuring it the absolute majority of the voting capital. ‘Price of the Attached Bound Shares’ has the meaning attributed to it in Clause 5.3.3 of this Agreement. ‘Regulations’ has the meaning attributed to it in Clause 7.2.1 of this Agreement.
Examples of Power of Control in a sentence
The Company will also not register a shareholders agreement regarding the exercise of the Power of Control until its signatories do not sign the Instrument of Consent of the Controlling Shareholders.
There is a relative presumption of ownership of the Power of Control in relation to the person or Group of Shareholders who holds shares that have assured him an absolute majority of the votes of the shareholders present at the last three Shareholders Meetings of the Company, even though he is not the owner of the shares which ensure an absolute majority of the voting capital.
The Company will not register any transfer of shares to the acquirer of the Power of Control, or to those who come to hold the Power of Control, as long as it does not subscribe to the Instrument of Consent of the Controlling Shareholders, as provided for in the Novo Mercado Listing Rules.
The Company shall not register any transference of stocks for the transfereeof the Power of Control or to those who end up holding the Power of Control, while they do not sign the Consenting Term of the Controllers referred to in the New Market List Regulation.
The Company understands that there are no relevant economic and/or legal impacts arising from this amendment.§ Three – For purposes of these Bylaws, “Controlling Shareholder” means the shareholder or the group of shareholders, as defined in the Novo Mercado Rules (“Group of Shareholders”), exercising the Power of Control (as defined in Paragraph Four below).
More Definitions of Power of Control
Power of Control means the power effectively used for directing the social activities and guiding the operation of organs of the Company, directly or indirectly. There is relative presumption of entitlement of the control in relation to the person or the group of people connected by agreement of shareholders or under common control (“Group of Control”), that is holder of shares assuring them the absolute majority of votes of the shareholders present in the last three shareholders’ meetings of the Company, even when they are not holder of shares assuring them the absolute majority of votes of the voting capital.
Power of Control means the power effectively used for leading the corporate activities and guiding the operation of the agencies of the Company, directly or indirectly, de facto or de jure, regardless of the equity interest held. There is relative presumption of ownership of the Power of Control by a person or a Group of Stockholders that owns shares in an amount that grants the absolute majority of the votes of the stockholders attending the last three (3) general meetings of the Company, even not owning the referred shares, and;
Power of Control means the power effectively used to drive corporate activities and guide the way the Company’s units function, directly or indirectly, in fact or in law. There is relative presumption of ownership for the person or group of persons bound by a shareholder agreement or under common control (“controlling group”) holding shares securing the absolute majority of votes of the shareholders attending the Company’s last three general shareholder meetings, despite their not holding the shares securing the absolute majority of voting capital.
Power of Control means the power effectively used to direct the corporate activities and orient the functioning of the Company’s organs, directly or indirectly, in fact or in law, regardless of the equity interest held. There is a relative presumption of ownership of the Power of Control in relation to the person or Group of Shareholders who holds shares that have assured him an absolute majority of the votes of the shareholders present at the last three Shareholders Meetings of the Company, even though he is not the owner of the shares which ensure an absolute majority of the voting capital. Clause 32 - The tender offer referred to in the previous clause shall be:
Power of Control or "Control" means the power effectively used to manage the corporate activities and guide the operation of the Company bodies, directly or indirectly, actually or legally. There is a relative presumption of Control ownership in relation to the person or group of persons bound by shareholders’ agreement or under common Control (Control group) that is the holder of shares that have ensured thereto the absolute majority of the votes of shareholders attending the three last General Meetings of the Company, even though not being holder of shares that ensure thereto the absolute majority of the voting capital.
Power of Control means (i) holding the shareholder rights that permanently ensure preponderance in the company’s decisions and the power to elect most of the managers and (ii) the effective use of power to direct the company’s activities and guide the operation of the Company’s entities.
Power of Control means the power effectively used to direct the corporate activities and guide the functioning of the Company's bodies, either directly or indirectly, by fact or by law, regardless of the equity interest held. There is a relative presumption of ownership of control in relation to the person or the group of shareholders who hold shares that have ensured them an absolute majority of votes of the shareholders attending the last three Shareholders’ Meetings of the Company, even if they are not owners of the shares that ensure them the absolute majority of the voting capital.