Controlling Member. , in relation to a company, means a member who beneficially holds, directly or indirectly, either alone or together with a related person or persons—

Controlling Member means an individual or entity that has the ability to direct the activity of the Company (alone or together with its Relatives or Affiliates). A person or entity shall be considered to be a Controlling Member if: (1) it holds half or more of the rights to appoint directors of the Company; or (2) it holds 25% or more of the rights to vote in the Company’s general meeting; for the purposes of holding, two or more individuals or entities who holds voting rights in the company and each of whom has a personal interest in the approval of the same transaction or act shall be deemed as one Holder.

Controlling Member. , in relation to a company, means a member who beneficially holds, either alone or together with an associate or associates:

Examples of Controlling Member in a sentence

The accidental omission to give notice or the non-receipt of such notice by any Member shall not invalidate the proceedings at any such meeting save that omission (howsoever arising) to give notice to the Controlling Member shall invalidate all proceedings and resolutions.
A general meeting other than an AGM may be requested by the Committee or by written requisitions signed by not less than 10% of Members or by the Controlling Member.
Quorums shall be 10% of the members eligible to vote at general meetings, present in person or present by technology or by proxy or by online voting and the Controlling Member (if any).
The purchase price shall be the total amount of the Controlling Member’s capital contribution less the amount of any distributions made to such Controlling Member.
Notwithstanding the foregoing, and subject to certain allowances described below, a non-controlling Investor Member may transfer prior to the tenth anniversary to an affiliate, partner, limited partner, member, stockholder or beneficial owner, and a Controlling Member may transfer to a trust or similar vehicle formed for estate planning purposes or to any entity wholly owned by it.

More Definitions of Controlling Member

Controlling Member means GolfSuites 1, Inc., a Delaware corporation

Controlling Member is defined in Section 6.1.2.

Controlling Member is defined in Section 8.1.

Controlling Member means Amneal Pharmaceuticals, LLC.

Controlling Member means Hobsonville Land Company Limited and its assigns.

Controlling Member means a Borrower designated by the Borrower Representative to establish and maintain control, directly or indirectly, of a designated affiliate, whether through the ownership of such Person’s voting securities, partnership interests, membership, reserved powers, the power to appoint such Person’s members, trustees or directors or otherwise.

Controlling Member means a Member who owns more than fifty percent (50%) of the Membership Units of the Company.