Linked Party definition

Linked Party means with respect to any Person (“Person A”), each of the following: (i) each other Person who has received a loan or other extension of credit from the Borrower and has provided proceeds of any loan or extension of credit or assets purchased with the proceeds of any loan or extension of credit to Person A in a transaction that is not an arm’s length arrangement; or (ii)each other Person who has received a loan or other extension of credit from the Borrower and has a financial interest in a common enterprise with Person A, where a common enterprise is deemed to exist when the expected source of repayment is the same for their respective loans or extensions of credit and neither Person A nor the other Person has another source of income from which the loan and such Person’s other financial obligations may be fully repaid; and it is understood that an employer will be treated as the source of repayment for credit to an employee of such employer under this clause (ii) so that any employee shall be considered a Linked Party of its employer if such employer has received a loan or other extension of credit from the Borrower;
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Linked Party or "Linked parties" shall mean a natural person or legal entity with is linked by personal involvement or by equity participation (shareholding) to another natural person or legal entity; in particular Linked parties are close persons pursuant to § 116 of the Civil Code, if the same persons or their close persons are involved or were involved in the past in the statutory or supervisory bodies of such entities, if such persons or their close persons have equity participation (shareholding) or had equity participation in the past in such entities regardless of the percentage of their share. Controlling or controlled entities as specified in § 66a of the Commercial Code shall always be deemed as Linked parties as well.
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Linked Party means with respect to any person (“Person A”), each of the following:
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Examples of Linked Party in a sentence

  • All right, title and interest in such trade ▇▇▇▇, copyright or other intellectual property rights shall remain vested in the Linked Party.

  • The Linked Party has no obligation to update the materials on its website.

  • Neither party shall, acting as Linking Party, alter the color, size or similar attributes of the materials provided by the Linked Party without the prior written consent of the Linked Party.

  • Each party further agrees that it shall not, acting as Linking Party, mask, frame, overlay, impair or otherwise materially alter, affect or impair the images, information, perception, service quality or security obtained from the Linked Party once the link or equivalent pathway to the Linked Party is selected or initiated.

  • Such an action will be treated by the Linked Party as exceeding the permission granted by this Agreement and a misuse of the Linked Party's website, subpage or content, and the associated computer system.