Permitted Controlling Holder

Permitted Controlling Holder. Means a Person that (i) beneficially owns equity securities representing a majority of the voting power to elect the directors of EVERTEC or (ii) any successor or any other entity holding all or substantially all of the assets of EVERTEC and its Subsidiaries in a transaction or series of transactions, in each case, without contravening Section 11 or without BPPR validly exercising its termination right pursuant to Section 12 provided that such Person shall be a "Permitted Controlling Holder"... only with respect to the applicable entity that issues such securities View More