Common use of Controlled Affiliate Clause in Contracts

Controlled Affiliate. As used herein, the term "Controlled Affiliate" means, with respect to any Person, any (a) director, officer, limited or general partner, member or stockholder holding 5% or more of the outstanding capital stock or other equity interests of such Person, and (b) any other Person that, directly or indirectly, through one or more intermediaries, is controlled by such Person.