Control of the Borrower. the Borrower becomes controlled by any person or persons not controlling it at the date of this Agreement. For the purposes of this clause, ‘control’ in relation to the Borrower means the power to control the composition of the majority of the board of directors of the Borrower or otherwise control its affairs.
Appears in 2 contracts
Sources: Term Loan Agreement (Waterford Wedgwood PLC), Term Loan Agreement (Waterford Wedgwood PLC)