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 must procure from each company or other person that it knows or reasonably should know is at any time an Ultimate Controller of the licensee a legally enforceable undertaking (“the Information undertaking”) in favour of the licensee, in a form specified by the Authority in a direction issued for the purposes of this condition generally and on the terms set out in paragraph 6.3.

• With effect from 1 August 2013, the licensee must, on or before 31 July of each year, provide the Authority with a schedule of the undertakings obtained in accordance with paragraph 1 that are in force at that time, together with a confirmation that the licensee has sent each of the Ultimate Controllers concerned a letter, within the preceding 12 months, reapprising that Ultimate Controller of the terms of the undertaking that it has given.

• 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.

• For the avoidance of doubt, where a RIIO Network Licensee and a Non-RIIO Network Licensee have the same Ultimate Controller the combined cap on bid costs will be £175,000 or 5 per cent of the Outstanding Funding Required, whichever is smaller.

More Definitions of Ultimate Controller

Ultimate Controller means the person who ultimately Control any other person directly or indirectly; and

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 any person regardless of whether the person is an Albanian or foreign national, who exercise 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 directors of the regulated company are accustomed to act and whose opinions are influential in the licensee’s decision making process;

Ultimate Controller means: (a) any holding company of the Licensee which is not itself a subsidiary of another company; and/or (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; (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 beneficiary, but shall exclude any director or employee of a corporate body in his capacity as such and any minister, ministry, department, agency, authority, official or statutory person; and a person shall be considered to be connected with another person if he is party to any arrangement regarding the exercise of any such rights as are described in sub-paragraph (b) above.

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;