Common use of Control Person Clause in Contracts

Control Person. The phrase “control person” means a person who has significant responsibility to control, manage or direct a busi- ness. We may refer to this person as a “control person” in our rec- ords to assist us in providing excellent service and managing our products and services for the business. For further information, please see Provision 4.

Appears in 3 contracts

Samples: Business Service Agreement, Business Service Agreement, Business Service Agreement

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Control Person. The phrase control personControl Personmeans shall mean a person Person or group of Persons who has significant responsibility the power, directly or indirectly, to controlelect a majority of the directors of the General Partner or has the power, manage directly or indirectly, to direct a busi- ness. We may refer to this person as a “control person” in our rec- ords to assist us in providing excellent service the affairs of the General Partner; provided, however, that if no Person or group of Persons has the power described above through stock ownership, the Control Person shall be the Person holding the title of chief executive officer or other title of comparable authority and managing our products and services power of the General Partner; provided, further, that at the Effective Time, Xxxxx X. Penske is the Control Person of the General Partner for the business. For further information, please see Provision 4purposes of this definition.

Appears in 1 contract

Samples: Limited Partnership Agreement (Penske Automotive Group, Inc.)

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Control Person. The phrase “control person” means a person who has significant responsibility to control, manage or direct a busi- nessthe member business. We may refer to this person as a “control personper- son” in our rec- ords records to assist us in providing excellent service and managing our products and services for the business. For further information, please see Provision 4.

Appears in 1 contract

Samples: Business Service Agreement

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