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.

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.

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.

Examples of Legal Control in a sentence

• International Responses to Terrorism: The Limits and Possibilities of Legal Control of Terrorism by Regional Arrangement with Particular Reference to ASEANOng Yen Nee(2002) 30.

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

• Corporate Structure / Statement of Legal Control Southern States University (SSU) was incorporated as a for-profit organization in 1983, and was purchased by Tepper Technologies, Inc.

• Paras Diwan: Studies on Environmental Cases.2. S.N. Jain (ed.): Pollution Control and the Law.3. Armin Rosencranzand Shyam Divan: Environmental Law and Policy in India.4. A.Agarwal (ed.): Legal Control of Environmental Pollution5.

• Demonstration of "demand" is dependent on the specific water use classification requirements set forth in Subsections 2.2 through 2.3. 2.1.1 Legal Control over Project SiteApplicants for irrigation, industrial, commercial, and dewatering general or individual permits must demonstrate the legal right to conduct the water use on the project lands or site.

• Doreen McBarnet & Christopher Whelan, The Elusive Spirit of the Law: Formalism and the Struggle for Legal Control, 54 MOD.

• Corporate Structure / Statement of Legal Control Southern States University (SSU) was incorporated as a for-profit organization in 1985, and was purchased by Tepper Technologies, Inc.

• Asian Consortium of Mathematics for Industry was first proposed and more re- cently when planning to formalise possibilities, there has been strong support and encouragement from colleagues in China, Hawaii, Korea, Malaysia and Singapore as well as Australia, New Zealand and Japan.

• Banking System, Frauds and Legal Control – R.P. Namita References:Banking Law & Practice in India – M.L. Tannan Course OutcomeIt enables to understandthe institution of Bankingand law regulating the banking system in India, then to know recent trends in Banking system in India.

• Physical or Legal ControlExcept to the extent provided for in the ‘Physical or Legal Control Extension’ clause contained in Section 3 ‘What We Cover You For - Additional Benefits’ of this Policy, We do not cover any liability for Property Damage to any Property or Watercraft in Your physical or legal control.

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,

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.

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.

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;