Covered Affiliate definition

Covered Affiliate has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12 U.S.C. § 1841(k).

Covered Affiliate has the meaning described in the Services Schedule (if applicable).

Covered Affiliate means any Affiliate of a Lender (provided that for this purpose, Affiliates shall not include Persons that are subject to customary procedures to prevent the sharing of confidential information between such Lender and such Person if such Person has fiduciary duties to investors or other equityholders of such Person and such investors or equityholders are not the same as the investors or equityholders of such Lender).

Examples of Covered Affiliate in a sentence

• In the event one or more of the Covered Parties or any Covered Affiliate becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights with respect to any Relevant Agreement against the Covered Party or Relevant Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Relevant Agreement were governed by the laws of the United States or a state of the United States.

• After a Covered Affiliate has become subject to an Insolvency Proceeding, if any Borrower seeks to exercise any Default Right with respect to any Relevant Agreement with the Relevant Covered Parties, such Borrower shall have the burden of proof, by clear and convincing evidence, that the exercise of such Default Right is permitted thereunder.

More Definitions of Covered Affiliate

Covered Affiliate means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of one or more of the Covered Parties.

Covered Affiliate means an Affiliate using the Services under Customer’s Account.

Covered Affiliate shall have the meaning provided in Section 13.6(h)(iv)(i).

Covered Affiliate means a BHC Affiliate of the Covered Entity. The term “BHC Affiliate” has the same meaning as the term “affiliate” of a bank holding company as defined in, and shall be interpreted in accordance with, Section 2(k) of the Bank Holding Company Act, (12 U.S.C. 1841(k)).

Covered Affiliate means any Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by the Borrower.

Covered Affiliate means any of Subscriber's Affiliate(s) which (a) is subject to the Data Protection Laws; and (b) is permitted to use the Services pursuant to the Agreement between Subscriber and Algolia, but has not signed its own Service Order with Algolia and is not a "Subscriber" as defined under the Agreement.

Covered Affiliate means an Affiliate receiving the Services under this Services Schedule.