Oct 22, 2020 · The legal definition of "affiliate" applies to business and retail relationships. Affiliates are organizations, individual persons, or business concerns that are controlled by a third party or each other. Affiliates often have the following: Use of …
Affiliates Law and Legal Definition. Affiliates are business concerns, organizations, or individuals that control each other or that are controlled by a third party. Control may consist of shared management or ownership; common use of facilities, equipment, and employees; or family interest. The employees or receipts of all affiliates are included when stating the firm's size.
Definition of affiliated. : closely associated with another typically in a dependent or subordinate position the university and its affiliated medical school. Synonyms & Antonyms More Example …
AFFILIATE. TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed. A person or party that is connected or has an ownership interest, frequently a relationship in which one of a group of companies owns less than a majority of the other company’s stock and is called an affiliate. PARENT COMPANY A company that owns or controls another company (subsidiaries.)
The legal definition of "affiliate" applies to business and retail relationships. Affiliates are organizations, individual persons, or business concerns that are controlled by a third party or each other.
An affiliated person is someone in a position to influence the actions of a corporation. This includes directors, officers, and certain shareholders. Depending on the context, an affiliated person might be referred to simply as an "affiliate." Affiliated persons may also be called control persons or insiders.
An affiliate is a company in which a minority stake is held by a larger company. In retail, one company becomes affiliated with another to sell its products or services for a fee.
Affiliated entity means a person who directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the owner or operator of a source.
For purposes of this calculation, the Company does not currently consider any of its shareholders who are not directors or executive officers of the Company, including any such shareholders owning 10% or more of the Company's common stock, to be “affiliates” of the Company.Oct 25, 2017
The term “affiliate” is defined in Rule 405 under the Act as a “person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with,” an issuer.
Affiliated Transaction means any proposed merger or consolidation with, purchase of an equity interest in, or purchase of assets other than in the ordinary course of business from an Affiliate.
A company that acts as a subsidiary to the main company has a major share of its stocks controlled by the main company. There are even cases when the main company controls all of the stocks of a subsidiary. On the other hand, an affiliate company only has a minor share of its stocks controlled by the main company.
As nouns the difference between affiliate and associate is that affiliate is someone or something that is affiliated, or associated; a member of a group of associated things while associate is a person united with another or others in an act, enterprise, or business; a partner or colleague.Dec 30, 2019
In some cases, such as a license agreement, “affiliates” of parties are given the same obligations and rights as the parties themselves in the terms of the contract. In other cases, parties are required to adhere to warranties and representations of not only themselves but of the affiliates. This can be seen in merger agreements. These specific clauses reflect the definitions found in U.S. securities laws such as Rule 501 (b) of SEC Regulation D, 17 CFR § 230.501 (b).
“ Affiliate marketing ” is when a seller has a website that sells the affiliate's products. The seller maintains the website, sells the products, and in return pays commission to the affiliates.
Affiliation can be gauged by common management, the identity of interest, and common ownership, just to name a few. 50 percent or more ownership of a party or parties allows for power to control to exist.
Affiliates are organizations, individual persons, or business concerns that are controlled by a third party or each other. Affiliates often have the following: Shared management or ownership. Use of common facilities, employees, and equipment.
For corporate law and taxes, when a company is under the same umbrella as another company, whether as a member or subordinate, that company is deemed an affiliate.
If an affiliate lost its status due to a corporate divestiture, the loss of access to licensed software would be very disruptive to its business. Also, keep in mind that affiliate “control” through direct management can be a bad idea.
Contracting parties may look to establish “control” without having more than a 50% percentage. This may come about when the party deems they require voting control. In other scenarios, contracting parties may not want to move forward with less than 50% control.
Indicators of affiliation include common ownership, common management and identity of interest, among others. Power to control exists when a party or parties have 50 percent or more ownership.
Affiliates Law and Legal Definition. Affiliates are business concerns, organizations, or individuals that control each other or that are controlled by a third party. Control may consist of shared management or ownership; common use of facilities, equipment, and employees; or family interest. The employees or receipts of all affiliates are included ...
For purposes of this Agreement, “ Affiliate ” means the Company and any other entity that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the Company.
For purposes of this Agreement, the term " affiliate " shall mean any person or entity which Manager or Lessee or their respective stockholders or individual partners, directly or indirectly, through one or more intermediaries, controls, is in common control with, or is controlled by. Sample 1. Sample 2.
Sample Clauses. Definition of Affiliate. For purposes of this Agreement, the term " Affiliate " shall mean any entity, individual, firm, or corporation, directly or indirectly, through one or more intermediaries, controlling, controlled by, or under common control with Employer.
As used in this Agreement: (i) the term “ Affiliate ” means a person that directly or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, Company or Operating Partnership (or Company and Operating Partnership together); (ii) the term “control,” including the correlative terms “controlling,” “controlled by” and “under common control with,” means the possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or any partnership or other ownership interest, by contract or otherwise) of a person; and (iii) the term “person” shall be construed broadly and includes, without limitation, an individual, a partnership, a limited liability company, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof
(b) “ Affiliate ” means (i) a Person that directly, or indirectly through one or more intermediaries, controls, or is#N#As defined in New Fortress Energy Inc. Form S-8 POS filing.
(i) “ Affiliate ” means a Person (as defined below) that directly, or indirectly through one or more intermediaries, controls, is controlled by or#N#As defined in AUDIOCODES LTD Form 6-K filing.
“ Affiliate ” means with respect to any Person, any other Person who, directly or indirectly (including through one or more intermediaries), controls, is controlled by, or is under common control with, such Person#N#As defined in ABRAXAS PETROLEUM CORP Form 8-K filing.
l.For purposes of this Award Agreement, " Affiliate ” means an entity that is (directly or indirectly) controlled by, or controls, the Company. m.For purposes of this Award Agreement, “Cause” shall mean the Participant’s: (i) willful neglect of or continued failure to substantially perform his or her duties with or obligations for the Company or an Affiliate in any material respect (other than any such failure resulting from his or her incapacity due to physical or mental illness); (ii) commission of a willful or grossly negligent act or the willful or grossly negligent omission to act that causes or is reasonably likely to cause material harm to the Company or an Affiliate; or (iii) commission or conviction of, or plea of nolo contendere to, any felony or any crime significantly injurious to the Company or an Affiliate
4. “ Affiliate ” means an affiliate as defined in section 101 (2) of the Bankruptcy Code. As defined in Jason Industries, Inc. Form 8-K filing. ...time, or any successor law. Affiliate... time, or any successor law. Affiliate means affiliate d person as that term is defined in Section 2 (a) (3) of the.
SoftBank Affiliate means (i) any wholly owned subsidiary of SoftBank and (ii) any Person that directly or indirectly through one or more intermediaries, is controlled by , or under common control with SoftBank, including but not limited to a subsidiary of SoftBank, provided, however, that, in addition to such control or common control SoftBank either (a) owns, directly or indirectly, share capital or other equity interests representing more than 75% of the outstanding voting securities or other equity interests (disregarding, for the avoidance of doubt, any carried interest or similar economic participation rights of any Person formed as a fund, provided such interest or rights do not confer voting rights as to the governance of such Person on the holder thereof) or (b) owns, directly or indirectly, share capital or other equity interests representing more than 50% of such outstanding voting securities or other equity interests and has the right to designate at least two-thirds (2/3) of the directors of such Person; control for the purposes of this definition means the possession, directly or indirectly, of the power to direct or cause the direction of the management policies of a Person, whether through the ownership of voting securities, by contract or other arrangement, as trustee or executor, or otherwise;
Definitions of affiliated. adjective. being joined in close association. “ affiliated clubs”. synonyms: attached, connected.
affiliated. If two things are affiliated, they are closely associated or connected with one another. When you join a cause, you become affiliated with it and what it represents. You learned to choose your battles more carefully after becoming affiliated with the "Save the Pigeons" campaign.
Subsidiaries. Although European company directives have defined the concept of a company’s subsidiary (and an affiliate) in clear terms, often large transaction agreements nevertheless provide for a contractual definition.
Also, the concept may well be extended to ‘sister companies’ and parent companies: Affiliate means, in relation to a person, any company or other entity, whether or not with legal personality, which directly or indirectly controls, is controlled by or is under joint control with that person.
a company is a Subsidiary of another company, its Holding Company, if that other company is a shareholder of it and: or if it is a Subsidiary of a company which itself is a Subsidiary of that other company. Affiliates.