Transaction with an affiliate definition

Transaction with an affiliate means any transaction by a financial institution or its subsidiary with any person if any of the proceeds of the transaction are used for the benefit of, or transferred to, an affiliate.[PL 1997, c. 398, Pt. I, §40 (NEW).]
Sample 1Sample 2Sample 3
Transaction with an affiliate means, with respect to any Person (a) any agreement or contract with any Affiliate or Subsidiary of such Person and any amendment, modification or supplement thereof or thereto or (b) any other transaction or business arrangement with an Affiliate or Subsidiary of such Person not otherwise expressly permitted by the Loan Documents.
Sample 1Sample 2Sample 3
Transaction with an affiliate means, with respect to any Person (i) any agreement or contract with any Affiliate or Subsidiary of such Person and any amendment, modification or supplement thereof or thereto or (ii) any other transaction or business arrangement with an Affiliate or Subsidiary of such Person not otherwise expressly permitted by the Loan Documents.
Sample 1

Examples of Transaction with an affiliate in a sentence

  • Transaction with an affiliate is any transfer of funds or contractual obligations between affiliated parties and the Bank, regardless of whether or not a payment is charged except transactions/ transactions involving currency exchange, transfers through money remittance systems, accounts, payment of interest / commission / debt on loans, transfers related to wage packages.… CHAPTER III.

  • We want to go into geologically de-risked situations with drilling inventory and cash-flowing reserves already in place.”).9 Id.10 Eclipse Resources, which entered into a DrillCo Transaction with an affiliate of GSO Capital Partners in the Appalachian Basin, has drilled multiple wells over 19,000 feet.

Related to Transaction with an affiliate

  • Transaction means the transactions contemplated by this Agreement.

  • Business owned by a person with a disability means a business concern that is at least 51% owned by one or more persons with a disability and the management and daily business operations of which are controlled by one or more of the persons with disabilities who own it. A not- for-profit agency for persons with disabilities that is exempt from taxation under Section 501 of the Internal Revenue Code of 1986 is also considered a "business owned by a person with a disability".

  • Excluded Transaction means any transaction in which assets are transferred to: (A) a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company (determined after the asset transfer); (C) a Person, or more than one Person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company (determined after the asset transfer); or (D) an entity at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (C) (determined after the asset transfer).