Operating Control definition

Operating Control means the authority to perform, direct or authorize the operation of all devices under its control. Operating control is not synonymous with ownership. Operating Control is not synonymous with the actual execution of any switching operations.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Operating Control means direct or indirect control of, or the ability or right to control or vote (directly or indirectly) a majority of the voting securities of Borrower.

Operating Control means control sufficient to allow consolidation of the controlled Person in accordance with GAAP."

Examples of Operating Control in a sentence

Operating controllers and supervisors are eligible to participate in a Transfer Down, provided an applicant will have at least eight (8) years seniority at the date of application for the vacant position and the position applied for is a lower level Operating Control Position.
Allow any person or entity that currently does not have Operating Control of Borrower to acquire such Operating Control without Lender's prior written consent.
Operating controllers and supervisors in High Density Operating Control Positions are eligible to participate in the Transfer Down Program, provided an applicant will have at least eight (8) years seniority at the date of application for the vacant position and the position applied for is a Lower Density Operating Control Position.
Operating controllers and supervisors are eligible to participate in a Transfer Down, provided an applicant will have at least six (6) years seniority at the date the training program will commence and the position applied for is a lower level Operating Control Position.
On commencement of training, the salary level of the successful applicant shall be adjusted to reflect the level of the Lower Density Operating Control Position.

More Definitions of Operating Control

Operating Control means the power (whether by way of ownership of shares, ability to appoint or remove directors, board (supervisory or management) members or control the appointment or removal of directors, board (supervisory or management) members, contractual arrangement or otherwise) to give directions with respect to the operating and financial policies of the relevant company with which the directors, board (supervisory or management) members or other equivalent officers of the relevant company are obliged to comply; and

Operating Control. Except as hereinafter set forth, West Penn shall have operating control of the generation resources leased from AESC under Article III or assigned under Article V. West Penn shall operate those resources at its own cost and expense, and shall maintain, or cause to be maintained, each generating resource so as to keep it in similar operating condition as it was when it first became subject to this Lease, ordinary wear and tear excepted. West Penn shall replace all parts of any generating resource that become unfit for use with appropriate replacement parts. West Penn shall not, without the prior written consent of the Operating Committee defined in Section 7.1, alter any generating resource, or affix or install any accessories or devices on any generating resource, if the same shall impair the originally intended function or use of such generating resource or shall diminish its commercial value. Any and all unseverable additions to and improvements of any generating resource, and any and all parts installed on and additions and replacements made to any generating resource, shall constitute accessions to such generating resource and ownership thereof, free from any lien, charge, security interest or encumbrance shall immediately be vested in Lessor.

Operating Control is defined as the exclusive authority to perform, direct, or authorize the operation of specific devices. Assignment of Operating Control is based with ORPC Administration.

Operating Control is that control exercised by the Controlling Authority. Operating Control is NOT synonymous with ownership.

Operating Control. Except as hereinafter set forth, Potomac shall have operating control of the generation resources leased from AESC under Article III or assigned under Article

Operating Control. A constant pressure pendant is provided on a hand-held control.

Operating Control means a mechanism regulating or guiding the operation of equipment that ensures a specific operating mode.

Filter & Search

Related Definitions