Common use of Affiliated Company Clause in Contracts

Affiliated Company. AFFILIATED COMPANY" of any Person means any entity that controls, is controlled by, or is under common control with such Person. As used herein, "control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through ownership of voting securities or other interests, by contract or otherwise.

Appears in 3 contracts

Sources: Master Separation and Distribution Agreement (3com Corp), Indemnification and Insurance Matters Agreement (Snap Appliances Inc), Indemnification and Insurance Matters Agreement (3com Corp)

Affiliated Company. AFFILIATED COMPANY" of any Person means any entity a Person that controls, is controlled by, or is under common control with such Person. As used herein, "control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through ownership of voting securities or other interests, by contract or otherwise.

Appears in 2 contracts

Sources: General Assignment and Assumption Agreement (Snap Appliances Inc), General Assignment and Assumption Agreement (3com Corp)