Affiliated Entity definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Affiliated Entity means any legal entity that is under the direct or indirect control of a beneficiary, or under the same direct or indirect control as the beneficiary, control taking any of the following forms: (a) the direct or indirect holding of more than 50% of the nominal value of the issued share capital in the legal entity concerned, or of a majority of the voting rights of the shareholders or associates of that entity; (b) the direct or indirect holding, in fact or in law, of decision-making powers in the legal entity concerned.

Affiliated Entity means any entity controlled by, controlling or under common control with the Company.

Examples of Affiliated Entity in a sentence

• None of the Company’s, its Subsidiaries’ or its Consolidated Affiliated Entities’ employees is a member of a union that relates to such employee’s relationship with the Company or such Subsidiary or Consolidated Affiliated Entity, and neither the Company nor any of its Subsidiaries or Consolidated Affiliated Entities is a party to a collective bargaining agreement, and the Company and its Subsidiaries or Consolidated Affiliated Entities believe that their relationships with their employees are good.

• Except as otherwise disclosed in the Registration Statement, the Disclosure Package and the Prospectus, no material labor dispute with the employees of the Company or any Subsidiary or Consolidated Affiliated Entity exists or, to the Company’s knowledge, is threatened or imminent.

• The Registration Statement and the Prospectus set forth as of the date hereof all outstanding secured and unsecured Indebtedness of the Company or any Subsidiary or Consolidated Affiliated Entities, or for which the Company or any Subsidiary or Consolidated Affiliated Entity has commitments.

• Except as set forth in the Registration Statement and the Prospectus, neither the Company nor any Subsidiary or Consolidated Affiliated Entity is in default with respect to any Indebtedness.

• None of the outstanding share capital or equity interest in any Subsidiary or Consolidated Affiliated Entity was issued in violation of preemptive or similar rights of any security holder of such Subsidiary or Consolidated Affiliated Entity.

More Definitions of Affiliated Entity

Affiliated Entity means any Person which (i) does not transact any substantial portion of its business or regularly maintain any substantial portion of its operating assets within the continental limits of the United States of America, (ii) is principally engaged in the business of financing (including, without limitation, the purchase, holding, sale or discounting of or lending upon any notes, contracts, leases or other forms of obligations) the sale or lease of merchandise, equipment or services (1) by the Issuer, (2) by a Subsidiary (whether such sales or leases have been made before or after the date which such Person became a Subsidiary), (3) by another Affiliated Entity or (4) by any Person prior to the time which substantially all its assets have heretofore been or shall hereafter have been acquired by the Issuer , (iii) is principally engaged in the business of owning, leasing, dealing in or developing real property, (iv) is principally engaged in the holding of stock in, and/or the financing of operations of, an Affiliated Entity, or (v) is principally engaged in the business of (1) offering health benefit products or (2) insuring against professional and general liability risks of the Issuer.

Affiliated Entity means the Subsidiaries of the Company and any of their or the Company’s respective Controlled Affiliates.

Affiliated Entity means any Parent Corporation or Subsidiary Corporation.

Affiliated Entity means any legal entity that is under the direct or indirect control of a participant, or under the same direct or indirect control as the participant, or that is directly or indirectly controlling a participant. Control may take any of the forms set out in Article 8(2);

Affiliated Entity means any of the Parent, the Manager (if the Manager is an Affiliate of the Borrower), the Servicer (if the Servicer is an Affiliate of the Borrower), the Seller, and any of their respective direct or indirect Subsidiaries and/or Affiliates, whether now existing or hereafter created, organized or acquired.

Affiliated Entity means any Parent Corporation of the Company or Subsidiary Corporation of the Company or any other entity controlling, controlled by, or under common control with the Company.

Affiliated Entity means (i) any corporate parent and