Control of Business Clause Samples
The Control of Business clause defines who has the authority to direct and manage the operations and decision-making of a company or business entity. Typically, this clause outlines which party or group—such as a board of directors, majority shareholders, or a managing partner—has the right to make key business decisions, approve major transactions, or set strategic direction. By clearly establishing who holds control, the clause helps prevent disputes over management authority and ensures that all parties understand the governance structure of the business.
Control of Business. Without limiting in any way any party’s rights or obligations under this Agreement, nothing contained in this Agreement shall give any party, directly or indirectly, the right to control or direct the other party and their respective Subsidiaries’ operations prior to the Effective Time. Prior to the Effective Time, each of the parties shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and its Subsidiaries’ respective operations.
Control of Business. Notwithstanding anything in this Agreement to the contrary, Purchaser acknowledges on behalf of itself and its Affiliates and its and their directors, officers, employees, Affiliates, agents, representatives, successors and assigns that the operation of the Business remains in the dominion and control of Seller and Subsidiary until the Closing and that none of the foregoing Persons will provide, directly or indirectly, any directions, orders, advice, aid, assistance or information to any director, officer or employee of Seller, except as specifically contemplated or permitted by Article 8 including, without limitation, Section 8.3 or as otherwise consented to in advance by an officer of Seller.
Control of Business. Subject to the limitations contained in Section 8.4, and the provisions of the Act, (i) the business and affairs of the Company and ORS shall be managed or under the direction of the Board of Directors, and (ii) the power to act for and bind the Company and ORS shall be vested exclusively in the Board of Directors, subject to the authority of the Board of Directors to delegate powers and duties to the Officers as set forth in this Agreement.
Control of Business. Nothing contained in this Agreement shall give Buyer, directly or indirectly, the right to control or direct the operations of the Business prior to the Closing. Prior to the Closing, Seller shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over the operations of the Business.
Control of Business. Each Partner shall participate in the control, management, and direction of the Partnership's business. In exercising this control, management and direction, each Partner shall have one vote.
Control of Business. Unless reserved to a full partnership vote, each ------------------- partner shall participate in the control and management of the partnership through such partner's vote for representatives on a management committee.
Control of Business. Notwithstanding anything in this Agreement to the contrary, Purchaser acknowledges on behalf of itself and its Affiliates and its and their directors, officers, employees, Affiliates, agents, representatives, successors and assigns that the operation of the Company remains in the dominion and control of the Company until the Closing and that none of the foregoing Persons will provide, directly or indirectly, any directions, orders, advice, aid, assistance or information to any director, officer or employee of the Company, except as specifically contemplated or permitted by Article VIII or as otherwise consented to in advance by an officer of Seller or the Company.
Control of Business. Notwithstanding anything to the contrary in this Agreement, each of Parent and Merger Sub acknowledges on behalf of itself and its Affiliates and its and their directors, officers, employees, agents, representatives, successors and assigns that the operation of the Business and the Acquired Companies remains in the dominion and control of the Sellers until the Closing and that none of the foregoing Parent- or Merger Sub-related Persons will provide, directly or indirectly, any directions, orders, aid or assistance to any director, officer or employee of the Business or the Acquired Companies, as applicable, except as specifically contemplated or permitted by this ARTICLE VI or as otherwise consented to in advance in writing by a duly authorized officer of the Company, as applicable.
Control of Business. Notwithstanding anything to the contrary in this Agreement, Buyer acknowledges that, subject to Section 5.1, the operation of the Business remains in the dominion and control of Seller and the Selling Affiliates until the Closing.
Control of Business. Prior to the Effective Time, the Company shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and each of its subsidiaries’ respective operations. Prior to the Effective Time, the Purchaser shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and each of its subsidiaries’ respective operations.