Legal Control definition

Legal Control means the power, either directly or indirectly, to exercise the authority of the owner of the Real Property, either as or through the majority shareholder of the common stock of a corporation, the sole or managing general partner of a limited partnership, the managing general partner of a general partnership, or the sole manager of a limited liability company, provided the entity exercising such authority cannot be divested of such authority without its consent, either directly or indirectly, except for cause.
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Legal Control means the power, either directly or indirectly, to exercise the authority of the owner of the Real Property, either as or through the majority shareholder of the common stock of a corporation, the sole or managing general partner of a limited partnership, the managing general partner of a general partnership, or the sole manager of a limited liability company, provided the person or entity exercising such authority cannot be divested of such authority without its consent, either directly or indirectly, except for cause.
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Legal Control means the power, indefeasible unless for cause, to direct or to cause the direction of the management and policies of the Borrower and the Related Borrower through the direct or indirect holding of (a) equity interests in any Borrower, (b) rights under a voting trust, (c) the position of general or managing general partner of a partnership, (d) the position of manager or managing member of a limited liability company, or (e) other contract rights conferring such power.
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Examples of Legal Control in a sentence

  • The Borrower shall remain under the Legal Control of one or more Permitted Control Group Members during the term of the Loan.

  • The proposed transferee shall be a newly formed, joint venture of which the REIT has Legal Control and beneficial ownership of more than ten percent (10%).

  • The Borrower and the Property are under the Legal Control of one or more Permitted Control Group Members.

  • A Qualified Passive Interest Transfer is any transfer of a direct or indirect interest in the Borrower, if, following the transfer, (i) the Real Property remains under the Legal Control of the REIT; (ii) the REIT maintains Legal Control of the Borrower, and (iii) the Carveout Obligor meets the Net Worth Requirement.

  • Vidor, Orange County; TYPE OF FACILITY: operator; RULE VIOLATED: TWC, §11.081 and §11.121, by failing to obtain authorization prior to appropriating any state water or beginning construction of any work designed for the storage, taking, or diversion of water; PENALTY: $350; ENFORCEMENT COORDINATOR: Mistie Gonzales, (254) 761-3056; REGIONAL OFFICE: 3870 Eastex Freeway, Beaumont, Texas 77703-1830, (409) 898-3838.

  • The transfer of limited partnership interests of the Carveout Obligor, provided the REIT maintains direct or indirect ownership of more than 75% of the Carveout Obligor’s limited partnership interests and the REIT continues to have Legal Control of the Borrower.

  • The Borrower shall remain under the Legal Control of the Key Principal during the term of the Loan.

  • Martha Chamallas, Consent, Equality, and the Legal Control of Sexual Conduct, 61 S.

  • Stewart, Economic, Environment, and the Limits of Legal Control, 9 HARV.

  • She looks at a range of devices that arguable comply with the letter of the law, shade its requirements, or evade but make this hard to detect.); Doreen McBarnet & Christopher Whelan, The Elusive Spirit of the Law: Formalism and the Struggle for Legal Control, 54 MOD.


More Definitions of Legal Control

Legal Control means the power, either directly or indirectly, to exercise the authority of the owner of the Real Property, either as the majority shareholder of the common stock of a corporation, as the sole general partner of a limited partnership, as the managing general partner of a general partnership, or as the sole manager of a limited liability company, provided the entity exercising such authority cannot be divested of such authority without its consent, either directly or indirectly, except for cause.
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Legal Control means the power, either directly or indirectly, to exercise the authority of the owner of the Real Property,
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Legal Control means the power, either directly or indirectly, to make or veto all material decisions with respect to Mortgagor, including its operations, management, financing and disposition of Mortgagor and its assets, provided the person or entity exercising such authority cannot be divested of such authority without its consent, either directly or indirectly, except for cause;
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Legal Control means the control exercised by a general partner of a limited partnership, provided the general partner is not removable except for cause, by the sole managing member of a limited liability company, or by the holder of the majority of the common stock of a corporation.
Sample 1
Legal Control means the power, either directly or indirectly, to exercise the authority of the owner of the Real Property, either as the majority shareholder of the common stock of a corporation, as the sole general partner of a limited partnership, as the managing general partner of a general partnership, or as the sole manager of a limited liability Deed of Trust U-Store-It Self Storage Warehouse [_________] AEGON Loan No. 89255company, provided the entity exercising such authority cannot be divested of such authority without its consent, either directly or indirectly, except for cause. A general partner shall have Legal Control for purposes of this definition notwithstanding the fact that a majority or supermajority of limited partners in a limited partnership must approve (A) sales or refinancings of interests in the related Parcel, Land or Personal Property other than in the ordinary course of business, (B) the pledge, sale or transfer of all limited partnership interests in a Borrower in conjunction with the sale or refinancing or other disposition of the related Parcel, (C) election of a substitute general partner upon the retirement, withdrawal or removal for cause of a general partner, (D) calling of a meeting, or (E) entering into agreements with a general partner or its affiliates.
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Related to Legal Control

  • Independent Legal Counsel means an attorney or firm of attorneys, selected in accordance with the provisions of Section 1(c) hereof, who shall not have otherwise performed services for the Company or Indemnitee within the last three years (other than with respect to matters concerning the rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements).

  • Medical control means a person who provides medical supervision to an emergency medical service provider.

  • Legal Costs of a person means legal costs incurred by that person in defending an action for a Liability of that person.

  • Bona fide legal resident of this State means any resident who has established residence of at least 90 days in the State.

  • illegal connection means a connection to any system through which a municipal service is provided and that is not authorized or approved by the Municipality;

  • Joint legal custody means that the parents share the decision-making rights,

  • Significant Influence means control of at least twenty per cent of total share capital, or of business decisions under an agreement.

  • Legal counsel shall have the meaning assigned to such term in Section 2(b).

  • Independent professional advice means advice of an attorney, certified public accountant, actuary, or other licensed professional adviser.

  • Substantial Involvement means involvement on the part of the Government. DOE's involvement may include shared responsibility for the performance of the Project; providing technical assistance or guidance which the Applicant is to follow; and the right to intervene in the conduct or performance of the Project. Such involvement will be negotiated with each Applicant prior to signing any agreement.

  • Special Legal Counsel means a law firm, or a member of a law firm, that is experienced in matters of corporate law and neither presently is, or in the past two years has been, retained to represent (i) the Indemnitor or the Indemnitee in any matter material to either such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder.

  • Internal control means a process effected by an entity's governing board, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Operational Control means Security monitoring, adjustment of generation and transmission resources, coordinating and approval of changes in transmission status for maintenance, determination of changes in transmission status for reliability, coordination with other Balancing Authority Areas and Reliability Coordinators, voltage reductions and load shedding, except that each legal owner of generation and transmission resources continues to physically operate and maintain its own facilities.

  • Legal Charge means the legal charge over the Land to be entered into by the Academy Trust in favour of the Secretary of State, in a form and substance satisfactory to the Secretary of State.

  • Consulting means the application of scientific principles and procedures in counseling and human development to provide assistance in understanding and solving current or potential problems that the client may have in relation to a third party, individuals, groups, and organizations.

  • Bona fide association means, with respect to health insurance coverage offered in this

  • Institutional control means the continued surveillance, monitoring, and care of the disposal site after site closure and stabilization to insure the protection of the public health, safety, and welfare, and the

  • continuing professional development means the continuing professional development contemplated in section 32;

  • Evaluation Team means the team appointed by the City; “Information Meeting” has the meaning set out in section 2.2;

  • Medical Advice means any consultation or advice from a Medical Practitioner including the issuance of any prescription or follow-up prescription.

  • Unprofessional conduct means the same as that term is defined in

  • Legal custody means (i) a legal status created by court order which vests in a custodian the right to

  • Competent and reliable scientific evidence means tests, analyses, research, studies, or other evidence based on the expertise of professionals in the relevant area, that has been conducted and evaluated in an objective manner by persons qualified to do so, using procedures generally accepted in the profession to yield accurate and reliable results.

  • Consulting physician means a physician who is qualified by specialty or experience to make a professional diagnosis and prognosis regarding the patient's disease.

  • Outside Activity means any private practice, private consulting, additional teaching or research, or other activity, compensated or uncompensated, which is not part of the employee's assigned duties and for which the University has provided no compensation.

  • Personal recognizance means an agreement by a person made at the time of issuance of the wildlife citation that the person will comply with the terms of that citation.