Examples of Affiliated Company in a sentence
In this context, “new entities” shall be defined to include those entities whereby, during the term of this Agreement, FBL: (i) acquires the assets, stock or other equity or beneficial interests of the entity; or (ii) merges with an entity that was not, prior to such merger, an Affiliated Company of FBL; or (iii) manages or otherwise possesses the ability to control the day-to-day operations of an entity that was not previously an Affiliated Company of FBL.
In this context, “Divested Entity” shall be defined as a former Affiliated Company of FBL, in which FBL has reduced its interest below the level of fifty percent (50%) or otherwise ceases to possess the ability to control the day-to-day operations of the entity.
Neither Party may assign this Contract without the prior written consent of the other, and prompt notice of any such intent to assign shall be given to the other Party; provided, however, either Party may assign its interest in this Contract to an Affiliated Company without requiring the consent of the other.