Control Shareholder Sample Clauses
The Control Shareholder clause defines who is considered a controlling shareholder within a company, typically identifying individuals or entities that own a significant percentage of voting shares or otherwise have the power to influence major corporate decisions. In practice, this clause sets thresholds—such as ownership of more than 50% of voting rights—or outlines specific rights and responsibilities that come with this status, such as disclosure obligations or restrictions on certain transactions. Its core function is to clarify who holds decisive influence over the company, thereby ensuring transparency and helping to manage potential conflicts of interest or governance risks.
Control Shareholder. Control Shareholder" shall mean any Person, as such term is used for purposes of Section 13(d) or 14(d) of the Exchange Act, that, as of the date of this Agreement, is the Beneficial Owner directly or indirectly of securities of the Company representing 25% or more of the combined voting power of the Company's outstanding securities, and any affiliates thereof.