Affiliated business entity relationship definition

Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when
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Affiliated business entity relationship means “a relationship, other than parent-subsidiary relationship, that exists when (i) one business entity has a controlling ownership interest in the other business entity, (ii) a controlling owner in one entity is also a controlling owner in the other entity, or (iii) there is shared management or control between the business entities. Factors that should be considered in determining the existence of an affiliated business entity relationship include that the same person or substantially the same person own or manage the two entities; there are common or commingled funds or assets; the business entities share the use of the same offices or employees or otherwise share activities, resources or personnel on a regular basis; or there is otherwise a close working relationship between the entities.” See State and Local Government Conflict of Interests Act, Va. Code § 2.2-3101.
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Affiliated business entity relationship means a relationship, other than a parent-subsidiary
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More Definitions of Affiliated business entity relationship

Affiliated business entity relationship means a relationship, other than a parent-subsidiary relationship, that exists when (i) one business entity has a controlling ownership interest in the other business entity, (ii) a controlling owner in one entity is also a controlling owner in the other entity, or
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Affiliated business entity relationship means a relationship, other than a parent-subsidiary 716 relationship, that exists when (i) one business entity has a controlling ownership interest in the other 717 business entity, (ii) a controlling owner in one entity is also a controlling owner in the other entity, or 718 (iii) there is shared management or control between the business entities. Factors that may be considered 719 in determining the existence of an affiliated business entity relationship include that the same person or 720 substantially the same person owns or manages the two entities, there are common or commingled funds
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Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when: (i) one business entity has a controlling ownership interest in the other business entity; (ii) a controlling owner in one entity is also a controlling owner in the other entity; or (iii) there is shared management or control between the business entities. Factors that may be considered in determining the existence of an affiliated business entity relationship include that the same person or substantially the same person owns or manages the two entities, there are common or commingled funds or assets, the business entities share the use of personnel on a regular basis, or there is otherwise a close working relationship between the entities.
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Affiliated business entity relationship means a relationship, other than a
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Affiliated business entity relationship means a rela- tionship, other than a parent-subsidiary relationship, that exists when (i) one business entity has a control- ling ownership interest in the other business entity,
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Related to Affiliated business entity relationship

  • Parent-subsidiary relationship means a relationship that exists when one corporation directly or indirectly owns shares possessing more than 50 percent of the voting power of another corporation.

  • Business entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Affiliated Entity means any entity controlling, controlled by, or under common control with an Insured.

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

  • Affiliate of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Affiliated Group means any affiliated group within the meaning of Code Section 1504(a) or any similar group defined under a similar provision of state, local or foreign law.