Ultimate Controlling Entity definition
Ultimate Controlling Entity means (for purposes of Parent Entities), any Person or “Group” (as defined in Section 13(d) of the Securities and Exchange Act of 1934, as amended) of Persons that control a Parent Entity.
Ultimate Controlling Entity. - means an entity that controls other entities and that in turn is not controlled by others.
Examples of Ultimate Controlling Entity in a sentence
Prior to the Closing Date, Sellers shall be entitled to grant or enter into with each Parent Entity (or at the option of each such Parent Entity, its Ultimate Controlling Entity) either an amended and restated license and release substantially in the form attached hereto as Exhibit G-1 or new licenses and releases as set forth in Exhibit G-2 (collectively, such amended and restated licenses and/or new licenses and releases, the “Licenses and Releases”).