FCC Defined Affiliate definition
FCC Defined Affiliate means a Person that (directly or indirectly) owns or controls, is owned or controlled by, or is under common ownership or control with, another Person where “own” means having a direct or indirect equity interest (or equivalent thereof) of more than ten (10) percent, in the case of clauses (i) and (ii) above, and of more than twenty-five (25) percent in the case of clause (iii) above. Agreement for Exchange of Stock
FCC Defined Affiliate has the meaning given to such term in Section 4.5.
Examples of FCC Defined Affiliate in a sentence
Without limiting the generality of the foregoing, (i) there is no foreign Person that is an FCC Defined Affiliate (as hereinafter defined) of KonaTel; (ii) KonaTel is not an FCC Defined Affiliate of an incumbent local exchange carrier with territory that overlaps areas served by Apeiron; and (iii) KonaTel is not an FCC Defined Affiliate of a foreign telecommunications carrier that is not from a World Trade Organization member country and is classified as dominant under the rules of the FCC.