Ultimate Controller definition

Ultimate Controller means any person which, whether alone or jointly and whether directly or indirectly, is, in the reasonable determination of Ofwat, in a position to control or in a position to materially influence the policy or affairs of the Appointee or any Holding Company of the Appointee;
Ultimate Controller means, in respect of the Licensee:
Ultimate Controller means any person or group of persons who or which (alone or jointly with others, and directly or indirectly), in the reasonable opinion of the Office, is in a position to Control the Licensee;

Examples of Ultimate Controller in a sentence

  • Information on Controlling Shareholder and the Ultimate Controller There was no change in the controlling shareholder or the ultimate controller during the reporting period.

  • The Licensee shall procure from the Ultimate Controller of the Licensee and, when the Ultimate Controller is not a Guernsey company, procure from the ultimate parent company of the Licensee, legally enforceable undertakings in favour of the Licensee in a form agreed by the GCRA as appropriate and expressed to remain in force for as long as the Licensee retains its Licence.

  • Creditworthiness of the Company and its Controlling Shareholder and Ultimate Controller During the reporting period, the Company and its controlling shareholder and de facto controller, CNPC, carried out various businesses in a continuous and steady way, adhering to the philosophy of good faith and the principle of compliance with laws and regulations, and did not incurred any unperformed material court judgement that had come into force or any significant outstanding debt that had become due and payable.

  • Further, save with the written consent of Ofwat, AWL must not enter (directly or indirectly) into any contract or arrangement with its Ultimate Controller or any associated company (other than subsidiaries of AWL) at a time when no such undertaking exists or there is an unremedied breach of such undertaking.

  • Notification of Vertical Integration 137Condition 41: Prohibition of Cross-Subsidies 138Condition 42: Not used 139Condition 43: Restriction on Activity and Financial Ring Fencing 140Condition 44: Availability of Resources 143Condition 45: Undertaking from Ultimate Controller 151Condition 46: Credit Rating of Licensee 153Condition 47: Indebtedness 155Condition 48: Last Resort Supply: Payment Claims 161 PART II.


More Definitions of Ultimate Controller

Ultimate Controller means any person exercising any influence on a licensee, either directly or indirectly through a third party. This includes, but is not limited to, any persons in accordance with whose direction and instructions the members of the board of directors, members of the supervisory board and key functionaries of the insurance company act and whose opinions are influential in the company’s decision-making process;
Ultimate Controller means any person (including, without limitation, a corporate body) which (whether alone or jointly and whether directly or indirectly) is (in the reasonable opinion of Ofwat) in a position to control or in a position to materially influence, the policy or affairs of the Appointed Business or of any Holding Company of the Appointed Business.
Ultimate Controller means: (a) a holding company of the licensee which is not itself a subsidiary of another company; and (b) any person who (whether alone or with a person or persons connected with him) is in a position to control, or to exercise significant influence over, the policy of the licensee or of any holding company of the licensee by virtue of: (i) rights under contractual arrangements to which he is a party or of which he is a beneficiary, or
Ultimate Controller means: (a) a holding company of the licensee which is not itself a subsidiary of another company; and(b) any person who (whether alone or with a person or persons connected with him) is in a position to control, or to exercise significant influence over, the policy of the licensee or any holding company of the licensee by virtue of:(i) rights under contractual arrangements to which he is a party or of which he is a beneficiary; or(ii) rights of ownership (including rights attached to or deriving from securities or rights under a trust) which are held by him or of which he is a beneficiarybut excluding any director or employee of a corporate body in his capacity as such.(c) for the purposes of subparagraph (b), a person is connected with another if they are party to any arrangement regarding the exercise of any such rights as are described in that paragraph.
Ultimate Controller means any person exercising any influence on a licensee, either directly or indirectly through a third party. This includes, but is not limited to, any person in accordance with whose direction and instructions the managers of the regulated company are accustomed to act and whose opinions are influential in the licensee’s decision-making process;
Ultimate Controller means any person, regardless of whether the person exercises any influence on a licensee either directly or indirectly through a third party, and includes but is not limited to any person in accordance with whose direction and instructions the directors of the licensee are accustomed to act and whose opinions are influential in the decision making process of the licensee; and
Ultimate Controller means the person who ultimately Control any other person directly or indirectly; and