Controlled Companies definition
Examples of Controlled Companies in a sentence
For purposes of this Section 10, a “Material Transaction” shall mean a transaction that exceeds twenty percent (20%) of the Company’s gross revenue for the last twelve (12) months and the Company and/or its Controlled Companies (as defined in the Shareholders Agreement) enter into an association agreement with other companies, merger, spin-off, consolidation, acquisition, partnership, profit-sharing agreements, or the sale of assets by the Company or by the Controlled Companies.
The Parties agree that in case of discrepancy between the provisions in this Shareholders’ Agreement and in the bylaws of the Companies and Braskem’s Controlled Companies, the provisions in this Shareholders’ Agreement shall prevail as regards the provisions of such bylaws, and in this event, the Parties shall immediately call a General Meeting to amend the bylaws of the Companies and/or Braskem’s Controlled Companies, so as to adapt them to the terms of this Shareholders’ Agreement.
At all times, the audit, nominating and compensation committees of the Board shall comply with the applicable requirements of Rule 4350 of the NASDAQ Rules (after taking advantage of all available exemptions for Controlled Companies under such Rules).
Exhibit 7.2.24 contains a list of the benefits (including the benefits plan) granted by TRIP and/or its Controlled Companies to their respective employees, officers and staff (the “Benefits Plan”).
Bradseg signs the present Agreement for itself and its Controlled companies and is obliged to ensure that its Controlled Companies observe and respect the terms of this Agreement.