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Control

CategoryGeneral

Clause TypeDefinitions

Definition

Any definition of control.

Example

Control means the ownership, directly or indirectly, of fifty per cent (50%) or more than fifty per cent (50%) of share capital or, in the absence of the ownership of or more than fifty percent (50%) of the share capital of the company, other securities of a company to which are attached voting rights which are sufficient, if exercised, to elect a majority of a board of directors of such company, and controlled has a corresponding meaning.