Substantial Influence definition

Substantial Influence. , means the power to participate in the determination of the financial and management policies of an entity without having Control of it. A Substantial Influence can be achieved through the ownership of shares, through by-laws clauses or agreements. If a party directly or indirectly – for example through Controlled Companies – owns 20% (twenty per cent) or a higher percentage of the votes that can be cast at the shareholders meeting of a partially owned company, said party is assumed to have a Substantial Influence, unless it is possible to clearly demonstrate the contrary. On the other hand, if the party directly or indirectly – for example through Controlled Companies – owns less than 20% (twenty per cent) of the votes that can be cast at the shareholder meeting of the partially owned company, this party is assumed not to have a Substantial Influence, unless such an influence can be clearly demonstrated. The presence of a party owning the absolute or relative majority of voting rights does not necessarily prevent another party from having a Substantial Influence. The existence of a Substantial Influence is usually implied by occurrence of one or several of the following circumstances:
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Related to Substantial Influence

  • 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.

  • Substantial interest means holding of a beneficial interest by an individual or his spouse or minor child, whether singly or taken together in the shares of a company, the amount paid up on which exceeds ten per cent of the paid-up capital of the company; or the capital subscribed by all the partners of a partnership firm.

  • Substantial Block means a number of shares of the Voting Stock which has 15% or more of the aggregate voting power of all outstanding shares of Voting Stock.

  • Substantial Holder means any Holder that owned on the date of this Agreement 25% or more of the Registrable Securities then outstanding and such Transferee, if any, to whom such Person Transfers Registrable Securities and assigns such Substantial Holder’s rights as a Substantial Holder as permitted by Section 8.

  • Substantial Owner means any person or persons who own or hold a twenty-five percent (25%) or more percentage of interest in any business entity seeking a County Privilege, including those shareholders, general or limited partners, beneficiaries and principals; except where a business entity is an individual or sole proprietorship, Substantial Owner means that individual or sole proprietor.