Common use of Associate Clause in Contracts

Associate. The term "Associate" means, with respect to any Person, any corporation or other business organization of which such Person is an officer or partner or is the beneficial owner, directly or indirectly, of 5% or more of any class of equity securities, any trust or estate in which such Person has a substantial beneficial interest or as to which such Person serves as a trustee or in a similar capacity and any spouse or child of such Person who has the same home as such Person.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Olivetti Ing C & Co Spa /Adr/), Stock Purchase Agreement (Wang Laboratories Inc)

Associate. The term "Associate" ,” when used to indicate a relationship with any person, means: (1) any corporation, with respect to any Personpartnership, any corporation unincorporated association or other business organization entity of which such Person person is an a director, officer or partner or is the beneficial owneris, directly or indirectly, the owner of 520% or more of any class of equity securities, Voting Shares (as defined below); (2) any trust or other estate in which such Person person has at least a substantial 20% beneficial interest or as to which such Person person serves as a trustee or in a similar capacity fiduciary capacity; and (3) any relative or spouse or child of such Person person, or any relative of such spouse, who has the same home residence as such Personperson.

Appears in 2 contracts

Sources: Merger Agreement (Marathon Acquisition Corp.), Agreement and Plan of Merger (Marathon Acquisition Corp.)

Associate. The term "Associateassociate," meanswhen used to indicate a relationship with any person, with respect to any Person, any means (1) a corporation or other business organization of which such Person person is an officer officer, director or partner or is the beneficial owneris, directly or indirectly, the beneficial owner of 510% or more of any class of equity securities, (2) any trust or other estate in which such Person has a substantial beneficial interest or as to which such Person person serves as a trustee or in a similar capacity capacity, and (3) any relative or spouse or child of such Person person, or any relative of such spouse, who has the same home as such Person.person

Appears in 2 contracts

Sources: Limited Liability Company Operating Agreement (Advanta Bank Corp), Limited Liability Company Operating Agreement (Advanta Bank Corp)

Associate. The term "Associate" means, with respect to any specified Person, (1) any corporation or other business organization of which such Person is an officer or partner or is the beneficial owneris, directly or indirectly, the beneficial owner of 510% or more of any class of equity securities, (2) any trust or other estate in which such Person person has a substantial beneficial interest or as to which such Person person serves as a trustee or in a similar capacity fiduciary capacity, and (3) any relative or spouse or child of such Person who has the same home as Person, or any relative of such Personspouse.

Appears in 2 contracts

Sources: Merger Agreement (Spear & Jackson Inc), Merger Agreement (Neoforma Inc)

Associate. The term "Associate" ,” when used to indicate a relationship with any person, means: (1) any corporation, with respect to any Personpartnership, any corporation unincorporated association or other business organization entity of which such Person person is an a director, officer or partner or is the beneficial owneris, directly or indirectly, the owner of 520% or more of any class of equity securities, Voting Shares; (2) any trust or other estate in which such Person person has at least a substantial 20% beneficial interest or as to which such Person person serves as a trustee or in a similar capacity fiduciary capacity; and (3) any relative or spouse or child of such Person person, or any relative of such spouse, who has the same home residence as such Personperson.

Appears in 1 contract

Sources: Merger Agreement (Seaspan CORP)