Material Business Relationship definition

Material Business Relationship means as between an individual and the relevant body, a significant commercial relationship including but not limited to one under which the individual receives from the body, payment of remuneration by fees or rent or otherwise (save for properly incurred expenses). “Individual” includes any person connected with that individual as a spouse, civil partner, widow, widower, former spouse, former civil partner, parent, step or adopted parent, grandparent, child, step child, adopted child, descendant, qualifying co-habitant or next-of-kin;
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Material Business Relationship means any (x) material customer, supplier, licensee, licensor, franchisee of the Company as of the Closing or at any time in the six (6) month period prior to the Closing, or (y) any other Person with whom the Company, as of the Closing or at any time in the six (6) month period prior to the Closing, had a material business relationship.
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Material Business Relationship means, with respect to any person, that (i) such person has been, or (ii) such person is a current director or executive officer or employee of or owns, directly or indirectly, 10% or more of the equity of any entity that has made payments to or received payments from FIFA, any confederation, any member association or any sponsor, auditor, outside counsel or other paid adviser or contractor of any of FIFA, any confederation or any member association for property or services in an amount which, in any single year, exceeds USD 125,000. Any compensation or other amounts paid to any such person in their capacity as a member of the Council or of an independent FIFA body shall not constitute a material business relationship within the meaning of this provision.
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Examples of Material Business Relationship in a sentence

  • Material Business Relationship as between an individual and the relevant body means a significant commercial relationship including one under which he receives the payment of remuneration by fees or rent or otherwise (save for properly incurred expenses).

  • Material Business Relationship as between an individual and the relevant body means a significant commercial relationship including one under which he receives the payment of remuneration by fees or rent or otherwise (save for properly incurred expenses).

  • I currently have / do not have a Material Business Relationship with the Listed Entity, directly or indirectly.

  • I had / did not have during the period of two years immediately preceding appointment as director, a Material Business Relationship with the Listed Entity, directly or indirectly.

  • No Material Business Relationship has expressed to Seller its, and neither Seller nor any other Selling Group Member has Knowledge of a Material Business Relationship’s intention or desire to cancel or terminate, reduce or to otherwise alter in any material respect, its relationship with Seller.

  • I had / did not have during the period of two years immediately preceding appointment as director, a Material Business Relationship with the Listed Company, directly or indirectly.

  • No Material Business Relationship has expressed to Seller or Seller Parent its, and neither Seller nor Seller Parent has Knowledge of a Material Business Relationship's intention or desire to cancel or terminate, reduce or to otherwise alter in any material respect, its relationship with Seller or Seller Parent.

  • An Office-Bearer of the AIFF or a member of any of the committees of AIFF, or any of their family members, who has held such post in the past 2 (two) years, cannot hold a professional contract or be employed by the AIFF and/or have any Material Business Relationship with the AIFF in any form.

  • When a Finance or Investment Committee Member Owns, is employed by or has any other Material Business Relationship with a Potential Investment Manager It is the general policy of the Trail Conference not to invest with an Investment Manager if a member of the Finance or In vestment Committee has a material ownership interest in, is directly employed by, or has any other material business relationship with the Investment Manager.

  • I currently have / do not have a Material Business Relationship with the Listed Company, directly or indirectly.


More Definitions of Material Business Relationship

Material Business Relationship means a business or professional relationship from which the Independent Manager derives gross revenue from our company, or any Affiliate or Associate of our company, that exceeds 5% of (a) the Independent Manager’s annual gross revenue from all sources during either of the last two years; or (b) the Independent Manager’s net worth on a fair market value basis.
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Material Business Relationship means a relationship resulting in income/non-cash benefits equivalent to 10% of the director’s annual income.
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Material Business Relationship means any (x) customer, supplier, licensee, licensor, franchisee -and its employees, consultants and/or suppliers – of any entity of the Group as of the date of this Agreement or at any time in the 12 (twelve) months period prior to the date of this Agreement, or (y) any other Third Party with whom any entity of the Group, as of the date of this Agreement or at any time in the 12 (twelve) months period prior to the date of this Agreement, has or had a material (or potentially material) business relationship; (viii) “Third Party” means any person or entity other than any entity of the Group, whatsoever existing or organized and regardless of such third party being or not being a Competitor. (vi) “Proprietà Intellettuale” deve intendersi ogni idea, formula, scoperta, invenzione o modello di utilità (che sia o meno brevettabile o brevettata) e relativi miglioramenti; varietà vegetale; processo, procedura, sviluppo e relativi miglioramenti; dato di qualunque natura; disegno e modello registrato e non registrato; testo, piano, elaborato; marchio registrato e non registrato ed ogni altro segno distintivo; immagini; fotografia; banca dati; software; progetto di ingegneria; ogni altra opera di natura artistica, letteraria o comunque creativa (inclusi tutti i materiali ed i disegni preparatori) e tutte e ciascuna le parti di essa; metodi; informazione confidenziale; know-how; segreto commerciale e/o industriale, anche di natura negativa; (vii) “Relazione Commerciale Rilevante” significa qualsiasi (x) cliente, fornitore, licenziatario, licenziante, affiliato – e i relativi dipendenti, consulenti e/o fornitori – di ogni e qualsivoglia entità del Gruppo alla data del presente Accordo o in un periodo di 12 (dodici) mesi antecedente la data del presente Accordo, o (y) qualsiasi altro Terzo con il quale una entità del Gruppo, alla data del presente Accordo o in un periodo di 12 (dodici) mesi antecedente la data del presente Accordo, , intrattenga o abbia intrattenuto un rapporto commerciale rilevante (o potenzialmente rilevante); (viii) “Terzo” significa qualsivoglia soggetto terzo diverso da alcuna delle entità del Gruppo, in qualunque forma esistente o costituito, che sia o meno un Concorrente.
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Material Business Relationship means, with respect to any person, where such person has been, or is, a current director or executive officer or employee or contractually engaged person of, or owns, directly or indirectly, 10% (ten percent) or more of the equity of any entity that has made payments to, or received payments from, AIFF, any Member or its Affiliated Unit or made payments to, or received payments from any sponsor, auditor, external counsel or other paid adviser or contractor of any of AIFF, any Member or any of its Affiliated Units for property or services for any amount in the past 10 (ten) years. Any compensation or other amounts paid to any such person in their capacity as a member of the Executive Committee or of an AIFF committee or body shall not constitute a Material business relationship within the meaning of this provision.
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Material Business Relationship means collectively, the parties set forth in Schedule B.
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Related to Material Business Relationship

  • Substantial business relationship means the extent of a business relationship necessary under applicable state law to make a guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued "incident to that relationship" if it arises from and depends on existing economic transactions between the guarantor and the owner or operator.

  • Business relationship means a connection between two or more parties based on commercial activity of one of the parties. The term does not include a connection based on: (A) a transaction that is subject to rate or fee regulation by a federal, state, or local governmental entity or an agency of a federal, state, or local governmental entity; (B) a transaction conducted at a price and subject to terms available to the public; or (C) a purchase or lease of goods or services from a person that is chartered by a state or federal agency and that is subject to regular examination by, and reporting to, that agency. Texas Local Government Code 176.001(3).

  • material relationship means one actually known of a personal, familial or business nature between the Broker and affiliated licensees and a client which would impair their ability to exercise fair judgment relative to another client.

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

  • Substantial governmental relationship means the extent of a governmental relationship necessary under Ohio law to make an added guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued "incident to that relationship" if it arises from a clear commonality of interest in the event of an UST release such as conterminous boundaries, overlapping constituencies, common groundwater aquifer, or other relationship other than monetary compensation that provides a motivation for the guarantor to provide a guarantee.

  • Relationship means any interest, service, employment, gift, or other benefit or relationship with an entity that would be prohibited by Title 5, Subtitle 5 of the State's Public Ethics Law if not disclosed and approved pursuant to this Policy and procedures adopted pursuant to it. "Relationship" includes any relationship of the spouse or other relative of an officer or employee if such relationship creates restrictions on the officer or employee under the conflict of interest provisions of the Ethics Law.

  • Business activity means that term as defined in section 3(2) of the former single business tax act, 1975 PA 228, or in section 105 of the Michigan business tax act, 2007 PA 36, MCL 208.1105.

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Customer relationship means a continuing relationship between a consumer and a licensee under which the licensee provides one or more insurance products or services to the consumer that are to be used primarily for personal, family or household purposes.

  • Material Related Party Transactions means any transaction/transactions to be entered into individually or taken together with previous transactions during a financial year exceeds 10% of the annual consolidated turnover of the Company as per the last audited financial statements of the Company.

  • Material Related Party Transaction means a transaction with a related party if the transaction / transactions to be entered into individually or taken together with previous transactions during a financial year, exceeds ten percent of the annual consolidated turnover of the company as per the last audited financial statements of the company.

  • Dating relationship means frequent, intimate associations primarily characterized by the expectation of affectional involvement. Dating relationship does not include a casual relationship or an ordinary fraternization between 2 individuals in a business or social context.

  • Company Business means the business of the Company and its Subsidiaries as presently conducted.

  • special business means all business transacted at a special meeting of shareholders and all business transacted at an annual meeting of shareholders, except consideration of the financial statements, auditor's report, election of directors and reappointment of the incumbent auditor;

  • Material Group Company means the Issuer or a Subsidiary representing more than 5.00 per cent. of either (i) the total assets of the Group on a consolidated basis (for the avoidance of doubt, excluding any intra-group transactions) or (ii) the net profit of the Group on a consolidated basis according to the latest Financial Report.

  • Business has the meaning set forth in the Recitals.