SMB Entity definition

SMB Entity means a Person conducting business in the small and medium business market segment that has (together with its Subsidiaries and other affiliates (other than, in the case of non-controlled affiliates, minority financial investors and their other portfolio companies (other than such Person or its Subsidiaries or other affiliates), provided that such minority financial investor has not been directly or indirectly solicited for sales of products or services by Seller or its Subsidiaries or other controlled affiliates in connection therewith)) no more than fifty (50) employees (including independent contractors other than those who perform service functions ancillary to the primary business).
View Source

Related to SMB Entity

  • Business entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Partnership Subsidiary means (i) any entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Partnership, or (ii) any partnership or limited liability company of which 50% or more of the capital and profits interest is owned, directly or indirectly, by the Partnership or by one or more Partnership Subsidiaries or by the Partnership and one or more Partnership Subsidiaries.

  • Group Entity means any of the Company and Subsidiaries of the Company.

  • Subsidiary Entity means a person that is controlled directly or indirectly by another person and includes a subsidiary of that subsidiary;