Controlling Affiliate definition

Controlling Affiliate means an Affiliate that directly or indirectly Controls the Hotel and/or Controls the entity that Controls the Hotel.

Controlling Affiliate means for the Borrower, (i) any other Person that directly or indirectly through one or more intermediaries controls, or is under common control with, the Borrower (other than Persons controlled by the Borrower), and (ii) any other Person owning beneficially or controlling ten percent (10%) or more of the equity interests in the Borrower. As used in this definition, "control" means the power, directly or indirectly, to direct or cause the direction of management or policies of a Person (through ownership of voting securities or other equity interests, by contract or otherwise).

Controlling Affiliate means an Affiliate that directly or indirectly controls Licensee within the meaning of Section 1.1.

Examples of Controlling Affiliate in a sentence

• Except in the case of a Transfer governed by Subsection 13.2.1 of this Agreement, if you or a Controlling Affiliate want to Transfer any Equity Interest, you must give us written notice, concurrently with beginning your marketing efforts.

• If the Administrative Agent or a Controlling Affiliate of the Administrative Agent is subject to an Agent-Related Distress Event, the Parent Borrower may remove the Administrative Agent from such role upon ten (10) days’ written notice to the Lenders.

• Except in the case of a Transfer governed by Subsection 13.2.1 or 13.2.2 of this Agreement, if you or a Controlling Affiliate want to Transfer any Equity Interest, you must give us written notice, concurrently with beginning your marketing efforts.

• If the Administrative Agent or Collateral Agent or a Controlling Affiliate of the Administrative Agent or the Collateral Agent is subject to an Agent-Related Distress Event, the Borrower Representative may remove such Agent from such role upon ten (10) days’ written notice to the Lenders.

• However, if the parties are unable to reach agreement following good faith negotiations within the 60-day Period, you or the Controlling Affiliate will be deemed to have rejected Our Offer.

More Definitions of Controlling Affiliate

Controlling Affiliate means, with respect to a Party, an Affiliate of such Party that controls (within the meaning given under the definition of “Affiliate”) such Party.

Controlling Affiliate means, as to any Party, an Affiliate that directly or indirectly controls such Party within the meaning of Section 1.2.

Controlling Affiliate shall have the meaning set forth in Section (5)(b) of the Delegated Authority Letter Agreement.

Controlling Affiliate of a Person means an Affiliate that controls (as such term is used in the definition of Affiliate) such Person.

Controlling Affiliate means for any Person, (i) any other Person that directly or indirectly through one or more intermediaries controls, or is under common control with, such Person and (ii) any other Person owning beneficially or controlling ten percent (10%) or more of the equity interests having ordinary voting power for the election of directors of such Person. As used in this definition, “control” means the power, directly or indirectly, to direct or cause the direction of management or policies of a Person (through ownership of voting securities or other equity interests, by contract or otherwise).

Controlling Affiliate means any Person that directly or indirectly through one or more intermediaries controls, or is controlled by, DB Contractor or any of its shareholders, members, partners or joint venture members. For purposes of this definition the term “control” means the possession, directly or indirectly, of the power to cause the direction of the management of a Person, whether through voting securities, by contract, family relationship or otherwise. DB Contractor or Design- Build Contractor means , a , together with its successors and assigns.

Controlling Affiliate means any entity which from time to time controls directly or indirectly the Buyer and, without prejudice thereto, an entity is deemed to control the Buyer if it owns directly or indirectly more than 50 per cent of (i) the shares entitled to vote at a general meeting of shareholders of the Buyer, or (ii) the voting interest in the Buyer if the Buyer does not have shares.