GC Affiliate definition

GC Affiliate means any Person that is (or at any relevant time was) under common control with GC within the meaning of Sections 414(b), (c), (m) and (o) of the Code, and the regulations issued thereunder.
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Examples of GC Affiliate in a sentence

  • Nothing in the preceding sentence shall be construed or interpreted to prevent or prohibit GC or any GC Affiliate from appearing at or participating in any proceeding, hearing or other actions regarding Entitlements provided it does so in its individual capacity and not as a representative of, or on behalf of the Company.

  • Further, nothing herein shall be deemed to have modified the provisions of Section 3.8(d) or to impose any restrictions on any GC Affiliate from taking positions adverse to the Company so long as neither GC nor any GC Affiliate is controlling the Entitlement Claims/Proceeding on behalf of the Company.

  • In the event that GC or a GC Affiliate controls any Entitlement Claims/Proceeding, it and its Indemnitees shall be entitled to indemnification under Section 3.29 as if it were the Manager thereunder (subject to the same limitations contained therein as applicable to the Manager).

Related to GC Affiliate

  • BHC Affiliate has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12 U.S.C. §1841(k).

  • Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by the Reference Entity.

  • Non-Affiliate means, for any specified Person, any other Person that is not an Affiliate of the specified Person.

  • Excluded Affiliate means any Affiliate of any Agent that is engaged as a principal primarily in private equity, mezzanine financing or venture capital.

  • Controlled Affiliate means any corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise, whether or not for profit, that is directly or indirectly controlled by the Company. For purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of an entity or enterprise, whether through the ownership of voting securities, through other voting rights, by contract or otherwise; provided that direct or indirect beneficial ownership of capital stock or other interests in an entity or enterprise entitling the holder to cast 15% or more of the total number of votes generally entitled to be cast in the election of directors (or persons performing comparable functions) of such entity or enterprise shall be deemed to constitute control for purposes of this definition.