CONTROL or CONTROLLING INTEREST Sample Clauses
CONTROL or CONTROLLING INTEREST. Actual working control or owner- ship of a system in whatever manner exercised. A rebuttable presumption of the existence of control or a controlling interest shall arise from the ownership, directly or indirectly, by any per- son or legal entity (except underwriters during the period in which they are offering securities to the public) of 40% or more of a cable system or the Franchise under which the system is oper- ated. A change in the control or controlling interest of a legal entity which has control or a con- trolling interest in a grantee shall constitute a change in the control or controlling interest of the system under the same criteria. Control or controlling interest, as used herein, may be held simultaneously by more than one person or legal entity.
CONTROL or CONTROLLING INTEREST. Ownership of fifty-one percent (51%) of the voting power of all classes of voting stock or fifty-one percent (51%) of the beneficial interests in income and capital of an entity other than a corporation.
CONTROL or CONTROLLING INTEREST. Actual working control in whatever manner exercised, including, without limitation, working control through ownership, management, debt instruments, or negative