CONTROLLING STAKE definition

CONTROLLING STAKE has the meaning set forth in Section 6.3(c).
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CONTROLLING STAKE means (i) the ownership of more than 30% of the total voting power of the then outstanding voting stock of the Borrower by any “person” or “group;” or (ii) the ownership of more than 20% of the total voting power of the then outstanding voting stock of the Borrower by any “person” or “group” who owned less than five percent (5%) of the voting stock of the Borrower during the prior fiscal year of the Borrower.
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Related to CONTROLLING STAKE

  • Controlling producer means a producer who directly or indirectly controls an

  • Controlling Securities means (i) the Class A Notes so long as the Class A Notes are outstanding, (ii) after the Class A Notes are no longer outstanding, the Class B Notes so long as the Class B Notes are outstanding and (iii) after the Class B Notes are no longer outstanding, the Class C Notes so long as the Class C Notes are outstanding.

  • Controlling Note means Note A-1.

  • Controlling Persons means the natural persons who exercise control over an Entity. In the case of a trust, such term means the settlor, the trustees, the protector (if any), the beneficiaries or class of beneficiaries, and any other natural person exercising ultimate effective control over the trust, and in the case of a legal arrangement other than a trust, such term means persons in equivalent or similar positions. The term “Controlling Persons” shall be interpreted in a manner consistent with the Financial Action Task Force Recommendations.

  • Controlling shareholding means not less than 51% of the voting rights or paid up share capital in the Company/Consortium.