Control Power definition

Control Power means having control power or influence, regardless of whether it is direct or indirect, in determining policies, management, operation, appointment of directors, appointment of high-level executives or any other actions which may affect the management or operation of the telecommunication business of the Company.

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Control Power or “Control” means the power effectively used to direct the social activities and give guidance to the operation of the Company's bodies, whether directly or indirectly, de jure or de facto, regardless of the detained shareholding. There is a relative assumption of Control holding regarding the person or the Group of Shareholders who hold the shares that were ensured to the absolute majority of the votes of the shareholders who attended the three last of the Company's Shareholders’ Meetings, even if they are not the holders of the shares that the majority of the voting capital ensures to them.

Control Power means the power effectively used of heading the corporate activities and guiding the operation of the agencies of the Company, directly or indirectly, de facto or de jure, regardless of the equity interest held. There is relative presumption of ownership of the control in relation to the person or to the Group of Stockholders that owns stocks guaranteeing the absolute majority of the votes of the stockholders attending the last three (3) general meetings of the Company, even if not owner of the stocks guaranteeing the absolute majority of the voting capital; and

Examples of Control Power in a sentence

If ▇▇▇▇ establishes that the BSP has failed for a particular quarter-hour to provide at least the quantity of his Tertiary Control Power Obligations, ▇▇▇▇ will apply a penalty.
The Parties agree that if the Tertiary Control Power Supplied is lower than the Tertiary Control Power Requested, penalties will be applied as foreseen in Art.
The BSP agrees that, if the Transfer of Energy applies for Delivery Points linked to an Access Point being included in a Contract with Valorization of the Deviation, the Supplier of the concerned Access Point will be informed of the Tertiary Control Power Supplied at the level of the concerned Access Point.
The R3 Made Available is the minimum between R3max, the Tertiary Control Power nominated as per Art.
The BSP and ▇▇▇▇ agree on a time window of 48 hours, during which ▇▇▇▇ will request by surprise an activation of the Tertiary Control Power.
An activation of Tertiary Control Power is compliant if the following conditions are satisfied:  In case the concerned quarter hour of the activation is a quarter-hour of ramp-up (e.g. 1st quarter hour of the activation), 50% of the energy corresponding to the (additional) R3 Requested by ▇▇▇▇ has to be supplied;  For any other quarter-hour of an activation, the energy corresponding to the R3 Requested by ▇▇▇▇ has to be supplied;  The BSP has properly executed the communications foreseen in Annex 6B.
For each quarter hour of a Tertiary Control Power activation, ▇▇▇▇ checks the difference between:  the R3 energy to be supplied corresponding to the R3 Requested by ▇▇▇▇ as determined in point A of this annex;  the Tertiary Control Power Supplied, as determined in points B and C of this annex.
The Power Source System shall provide bonding to a common ground point, such that all Control System and Control Power System components are at the same potential.
The present General Framework for the Service lays down the mutual rights and obligations of ▇▇▇▇ and the BSP in relation to the procurement of Tertiary Control Power and the eventual provision by The BSP of the Tertiary Control within the Control Area.
The maximal volume (R3max,std, and R3max,flex) will be adapted as follows:  In case the activation is deemed non-compliant due to a failed delivery of the Tertiary Control Power Requested on the first quarter-hour of the activation period (ramp-up quarter hour), R3max,std, and/or R3max,flex will be decreased respectively by twice the Standard and/or Flex Tertiary Control Power not supplied, according to specifications of Annex 9, for the considered quarter hour.

More Definitions of Control Power

Control Power or “Control” means the power actually exercised to direct the Company’s activities and instruct the operation of the Company's bodies, directly or indirectly, ‘de facto’ or legally, regardless of the equity interest held. The Control is relatively presumed to be held by the person or Group of Shareholders holding shares that ensure them to have a qualified majority of votes of the shareholders present at the last three Shareholders’ Meetings of the Company, even if such party is not the holder of shares that entitle to a qualified majority of the voting capital.

Related to Control Power

Service Control Point (SCP) is the node in the common channel signaling network that accepts Queries for certain Database services. The SCP is a real time database system that receives Queries from service platforms, performs subscriber or application-specific service logic, and then sends a Response back to the Query-originating platform. Such service platforms can be Service Switching Points (SSPs) or other network nodes capable of properly formatting and launching Queries.
Station Power means energy used for operating the electric equipment on the site of a generation facility located in the PJM Region or for the heating, lighting, air-conditioning and office equipment needs of buildings on the site of such a generation facility that are used in the operation, maintenance, or repair of the facility. Station Power does not include any energy (i) used to power synchronous condensers; (ii) used for pumping at a pumped storage facility; (iii) used in association with restoration or black start service; or (iv) that is Direct Charging Energy.
control zone shall have the meaning given in the Operating Agreement.
Solar Power means power generated from the Solar Photovoltaic Power Project;
net power means the power obtained on a test bench at the end of the crankshaft or its equivalent at the corresponding engine or motor speed with the auxiliaries, and which is determined under the reference atmospheric conditions;