Related Entities definition
Examples of Related Entities in a sentence
The Issuer hereby acknowledges that the Collateral Manager, its Affiliates and Related Entities may enter into, for their own accounts or for the 22202234.4 12 accounts of others, credit default swaps, other derivatives or any other transaction or agreement that creates a long or short position relating to obligors and issuers and their respective affiliates with respect to the Collateral Obligations included in the Assets.
In the event that, in light of market conditions and investment objectives, the Collateral Manager determines that it would be advisable to acquire the same Collateral Obligation both for the Issuer and the account of the Collateral Manager or any of its Affiliates or Related Entities, the Collateral Manager will be entitled to allocate the executions among the accounts in accordance with the Internal Policies of the Collateral Manager and Applicable Law.
The Issuer hereby agrees that, in the course of managing the Collateral Obligations held by the Issuer, the Collateral Manager may consider its relationships with other clients (including Related Entities, obligors and issuers) and its Affiliates.
It is understood that, to the extent permitted by Applicable Law, the Collateral Manager, its Affiliates and/or Related Entities or any member of their families may have an interest in a particular transaction or in an obligation of the same kind or class, or an obligation of a different kind or class of the same issuer, as those whose purchase or sale the Collateral Manager may direct hereunder.
To the extent that the aggregate fair market value of Shares (determined as of the time the Option is granted) with respect to which the Option is exercisable for the first time by Grantee during any calendar year (under all plans of the Company and Related Entities) exceeds $100,000, such Option shall be treated as a Non-Qualified Stock Option.