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Parent or Parent Undertaking

An undertaking or individual ("P"), which has the following relationship to another undertaking ("S"):

(i) P holds (alone or under an agreement with other shareholders) a majority of the voting rights in S;
(ii) P (alone or in conjunction with its other subsidiary undertakings), has the right to appoint or remove a majority of its board of directors;
(iii) P has the right to exercise a dominant influence over S, either through provisions contained in S's memorandum or articles, or a control contract; or
(iv) P is a parent undertaking of a parent undertaking of S.
(2 Versions)
Up to Sep 30 2010Oct 1 2010 onwards
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