Controlling Parent definition

Controlling Parent means the Company’s Parent so long as a majority of the voting stock or voting power of that Parent is not Beneficially Owned, directly or indirectly through one or more subsidiaries, by any other Person. In the event that the Company has more than one “Parent,” then “Controlling Parent” shall mean the Parent of the Company the majority of the voting stock or voting power of which is not Beneficially Owned, directly or indirectly through one or more subsidiaries, by any other Person.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Controlling Parent means, with respect to Bank, the ultimate Person (if any) that owns and controls as of the Effective Date, directly or indirectly, and beneficially and of record, a majority of the combined voting power of the outstanding securities of Bank entitled to vote generally in the election of directors (or equivalent governing body);

Examples of Controlling Parent in a sentence

None of Parent, iPass SPV, any Person Controlling Parent, or any Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940, as amended.
None of Parent, any Person Controlling Parent, or any of Parent’s Subsidiaries is or is required to be registered as an “investment company” under the Investment Company Act of 1940.
As of the date hereof HoldCo has no authorized capital and 100 outstanding shares of capital stock, all of which have been duly issued, are fully paid and nonassessable and are owned directly by the Founding Controlling Parent Shareholders free and clear of any Liens (other than Liens under applicable securities laws or the Parent Shareholder Support Agreement).
The party requesting arbitration shall nominate its arbitrator concurrently with such request and the other party (i.e., (x) the Company (if any of the Parent Entities or Controlling Parent Shareholders requested the arbitration) or (y) the Parent Entities (acting together with the Controlling Parent Shareholders) (if the Company requested the arbitration)) shall do so within fifteen calendar days from receipt of the request for arbitration.
For the avoidance of doubt, any failure of any of the Founding Controlling Parent Shareholders or any of the Parent Entities to promptly and fully perform, observe or discharge its obligations, agreements and covenants under the Parent Shareholder Support Agreement or the Merger Agreement in accordance with the terms hereof and thereof shall constitute a breach of Parent hereunder for which the Company may obtain any and all remedies that would otherwise be available in the event of a breach by Parent.

More Definitions of Controlling Parent

Controlling Parent means the parent entity of Purchaser pre-Closing.

Controlling Parent means, with respect to any Person, the Person that controls, directly or indirectly, such Person but is not itself controlled by any Person.

Controlling Parent means Toolrock Investment, LLC, a Delaware limited liability company, and its successors or assigns or any newly formed entity (formed pursuant to and in accordance with Section 9.10(k) hereof) that owns the majority of the Capital Stock of Parent.

Controlling Parent means Viasystems Group, Inc., a Delaware corporation, and its successors and assigns.

Controlling Parent shall have the meaning set forth in Section 9.2(a)(vi) of this Agreement. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

Controlling Parent. With respect to any Party, the Person that controls (directly or indirectly) such Party but is not itself controlled by any Person.

Controlling Parent has the meaning given in Section 15.2(g)(iii).

Filter & Search

Related Definitions