Examples of Family Company in a sentence
The term “Related Person” means a person who is related to the undersigned as a sibling, spouse or former spouse, or is a direct lineal descendant or ancestor by birth or adoption of the undersigned, or is a spouse of such descendant or ancestor, provided that, in the case of a Family Company, a Related Person includes any owner of the Family Company and any person who is a Related Person of such owner.
The term Family Company means a company described in paragraph (A)(ii) of section 2(a)(51) of the Act [15 U.S.C. 80a–2(a)(51)].
In determining whether a Family Company is a qualified purchaser, additionally there shall be deducted from the value of such Family Company’s Investments any outstanding indebtedness incurred by an owner of the Family Company to acquire such Investments.
In determining whether a Family Com- pany is a qualified purchaser, in addi- tion to the amounts specified in para- graph (e) of this section, there shall be deducted from the value of such Fam- ily Company’s Investments any out- standing indebtedness incurred by an owner of the Family Company to ac- quire such Investments.
The term Related Person means a person who is related to a Prospective Qualified Purchaser as a sibling, spouse or former spouse, or is a direct lineal descendant or ancestor by birth or adoption of the Prospective Qualified Purchaser, or is a spouse of such de- scendant or ancestor, provided that, in the case of a Family Company, a Re- lated Person includes any owner of the Family Company and any person who is a Related Person of such owner.