Affiliate or Affiliated definition
Examples of Affiliate or Affiliated in a sentence
Affiliate or Affiliated shall mean any Person controlling or controlled by or under common control with the Manager or a Member wherein the Manager or Member retains greater than fifty percent (50%) control of the Affiliate if an entity.
Notwithstanding the foregoing, the rights of the Executive Holding Companies shall be assignable to the Key Executives or an Affiliate or Affiliated Transferee thereof without the prior written consent of the other parties hereto.
Any holder of Investor Shares may Transfer any or all of such Shares to an Affiliate or Affiliated Fund of such holder.
The following terms shall have the meaning set forth below in this Section 1.5 for all purposes hereof: Affiliate or Affiliated Entity of a specified Person mean any entity, corporation, partnership, limited liability company, sole proprietorship or other Person that directly or indirectly, through one or more intermediaries controls, is controlled by, or is under common control with the Person specified.
Any decision regarding any contract or other arrangement between the Company and a Member or an Affiliate or Affiliated Entity with respect to a Member may only be approved by the Members pursuant to Section 5.10 and shall be treated as a Major Action for purposes of such approval.