Non-Controlled Person Sample Clauses
The Non-Controlled Person clause defines individuals or entities that are not subject to the direct or indirect control of another party, typically within the context of a contract or agreement. In practice, this clause clarifies which parties are considered independent and not influenced by the decision-making authority of another, often by referencing ownership thresholds or voting rights. Its core function is to ensure transparency and prevent conflicts of interest by clearly distinguishing between controlled and non-controlled parties in contractual relationships.
Non-Controlled Person. Neither the Agency nor any of its Affiliates is an “investment company” or a company “controlled” by an “investment company,” as such terms are defined in the Investment Company Act of 1940, as amended.
Non-Controlled Person. The Company will provide written notice to the Trustee thirty days prior to the consummation of any transaction that would result in the Company controlling or being controlled by the Bank within the meaning of Section 2(a)(9) of the Investment Company Act of 1940.
Non-Controlled Person. The Company does not "control" the Bank, either directly or indirectly through one or more controlled companies, within the meaning of Section 2(a)(9) of the Investment Company Act of 1940.
Non-Controlled Person. The Borrowers do not “control” the Bank, either directly or indirectly through one or more controlled companies, within the meaning of Section 2(a)(9) of the Investment Company Act of 1940.