Related Party definition

Related Party means, with respect to the Sponsor, any direct or indirect wholly owned subsidiary of the Sponsor or any other Person that owns, directly or indirectly, 100% of the outstanding voting securities of the Sponsor.
Related Party with respect to any Principal means (A) any controlling stockholder, 80% (or more) owned Subsidiary, or spouse or immediate family member (in the case of an individual) of such Principal or (B) any trust, corporation, partnership or other entity, the beneficiaries, stockholders, partners, owners or Persons beneficially holding an 80% or more controlling interest of which consist of such Principal and/or such other Persons referred to in the immediately preceding clause (A).
Related Party means a party, whether an individual, corporation, partnership, association, limited liability company or any other form or business association or other entity whatsoever, related to any vendor by blood, marriage, ownership or contract through which the party has a relationship of ownership or other interest with the vendor so that the party will actually or by effect receive or control a portion of the benefit, profit or other consideration from performance of a vendor contract with the party receiving an amount that meets or exceed five percent of the total contract amount.

Examples of Related Party in a sentence

  • Vinati Organics Limited ProposalNumber Proposal Text Mgmt RecVote Instruction 7 Approve Related Party Transactions with Veeral Additives Private LimitedForAgainst Voter Rationale: There are material conflicts of interest and the company will be taking in a disproportionate amount of risk relative to its ownership stake.

  • Allocate or direct cost all costs reported for the Related Party/Organization under Cost to the Related Party to a business component before proceeding.

  • Related Party Transactions All related party transactions during the FY’22 were entered in the ordinary course of business and on arm’s length basis.

  • Material Significant Related Party Transactions: All transactions entered into with related parties under Regulation 23 of SEBI (Listing Obligations & Disclosures Requirments), Regulations, 2015, during the year under review were on Arm's length basis and in ordinary course of business.

  • Refer Note 29 – Related Party Information in the Financial Report.** This includes consulting fees and informal and formal committee fees.


More Definitions of Related Party

Related Party means (a) each individual who is, or who has at any time been, an officer or director of the Company; (b) each member of the immediate family of each of the individuals referred to in clause (a) above; and (c) any trust or other Entity (other than the Company) in which any one of the individuals referred to in clauses (a) and (b) above holds (or in which more than one of such individuals collectively hold), beneficially or otherwise, a material voting, proprietary, equity or other financial interest.
Related Party means (A) a majority-owned subsidiary of the Company; (B) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any majority-owned subsidiary of the Company; or (C) any entity, 50% or more of the voting power of which is owned directly or indirectly by the shareholders of the Company in substantially the same proportion as their ownership of Voting Securities immediately prior to the transaction.
Related Party means any of the following:
Related Party shall have the meaning specified in Section 5(H).
Related Party means, with respect to any Person, any other Person whose ownership of shares of the General Partner’s capital stock would be attributed to the first such Person under Code Section 544 (as modified by Code Section 856(h)(1)(B)).
Related Party shall have the meaning set forth in Section 5.7.
Related Party with respect to any specified Person, means: (i) any Affiliate of such specified Person, or any director, executive officer, general partner or managing member of such Affiliate; (ii) any Person who serves or within the past five years has served as a director, executive officer, partner, member or in a similar capacity of such specified Person; (iii) any Immediate Family member of a Person described in clause (ii); or (iv) any other Person who holds, individually or together with any Affiliate of such other Person and any member(s) of such Person’s Immediate Family, more than 5% of the outstanding equity or ownership interests of such specified Person.