Binding Party definition

Binding Party means, in relation to any Related Party, any individual or legal entity who is: (a) spouse, parents, grandparents, descendants, brothers/sisters-in law, siblings or siblings’ descendants of referred Related Party (“Relatives”); (b) of any Affiliate of referred Related Party or any Relative of the Related Party; and (c) any Related Party which may be considered an Affiliate of this Related Party if the interest of the Relative of this Related Party may be regarded as of Related Party’s interest.
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Examples of Binding Party in a sentence

  • I am not aware of any present or past mental, medical and / or physical condition which might endanger myself or others whilst participating in the camp.

  • If both Parties agree to continue their business, the Breaching Party has to compensate any financial losses to the Binding Party.

Related to Binding Party

  • binding corporate rules means personal data protection policies which are adhered to by a controller or processor established on the territory of a Member State for transfers or a set of transfers of personal data to a controller or processor in one or more third countries within a group of undertakings, or group of enterprises engaged in a joint economic activity;

  • Enforceable means, with respect to any Contractual Obligation stated to be Enforceable by or against any Person, that such Contractual Obligation is a legal, valid and binding obligation of such Person enforceable by or against such Person in accordance with its terms, except to the extent that enforcement of the rights and remedies created thereby is subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws of general application affecting the rights and remedies of creditors and to general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at law).

  • Valid means that the Tax Verification Letter’s period of validity, as indicated on the Tax Verification Letter, has not ended.

  • Binding Effect The provisions, covenants and conditions in this Contract apply to bind the parties, their legal heirs, representatives, successors, and assigns.

  • Defending Party has the meaning set forth in Section 14.2.3.