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.