Material Business Relationship definition

Material Business Relationship means as between an individual and the relevant body, a significant commercial relationship including but not limited to one under which the individual receives from the body, payment of remuneration by fees or rent or otherwise (save for properly incurred expenses). “Individual” includes any person connected with that individual as a spouse, civil partner, widow, widower, former spouse, former civil partner, parent, step or adopted parent, grandparent, child, step child, adopted child, descendant, qualifying co-habitant or next-of-kin;
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Material Business Relationship means any (x) material customer, supplier, licensee, licensor, franchisee of the Company as of the Closing or at any time in the six (6) month period prior to the Closing, or (y) any other Person with whom the Company, as of the Closing or at any time in the six (6) month period prior to the Closing, had a material business relationship.
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Material Business Relationship means, with respect to any person, that (i) such person has been, or (ii) such person is a current director or executive officer or employee of or owns, directly or indirectly, 10% or more of the equity of any entity that has made payments to or received payments from FIFA, any confederation, any member association or any sponsor, auditor, outside counsel or other paid adviser or contractor of any of FIFA, any confederation or any member association for property or services in an amount which, in any single year, exceeds USD 125,000. Any compensation or other amounts paid to any such person in their capacity as a member of the Council or of an independent FIFA body shall not constitute a material business relationship within the meaning of this provision.
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Examples of Material Business Relationship in a sentence

  • To Seller's Knowledge, no Material Business Relationship has expressed to Seller an intention or desire to cancel or terminate, reduce or to otherwise alter in any material respect, its relationship with Seller or the Company.

  • For purposes of this Article 7, an entity will be deemed to have a "Material Business Relationship" with Pacific Dunlop Limited only if such entity derived 10% or more of its revenue in any fiscal year from transactions with Pacific Dunlop Limited and any of its direct or indirect subsidiaries in the aggregate.

  • No Material Business Relationship has expressed to Seller its, and neither Seller nor any other Selling Group Member has Knowledge of a Material Business Relationship’s intention or desire to cancel or terminate, reduce or to otherwise alter in any material respect, its relationship with Seller.

  • No Material Business Relationship has expressed to Seller or Seller Parent its, and neither Seller nor Seller Parent has Knowledge of a Material Business Relationship's intention or desire to cancel or terminate, reduce or to otherwise alter in any material respect, its relationship with Seller or Seller Parent.


More Definitions of Material Business Relationship

Material Business Relationship means a business or professional relationship from which the Independent Manager derives gross revenue from our company, or any affiliate or associate of our company, that exceeds 5% of (a) the Independent Manager’s annual gross revenue from all sources during either of the last two years; or (b) the Independent Manager’s net worth on a fair market value basis.
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Material Business Relationship means collectively, the parties set forth in Schedule B.
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Material Business Relationship means a relationship resulting in income/non-cash benefits equivalent to 10% of the director’s annual income.
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Material Business Relationship means any (x) customer, supplier, licensee, licensor, franchisee -and its employees, consultants and/or suppliers – of any entity of the Group as of the date of this Agreement or at any time in the 12 (twelve) months period prior to the date of this Agreement, or (y) any other Third Party with whom any entity of the Group, as of the date of this Agreement or at any time in the 12 (twelve) months period prior to the date of this Agreement, has or had a material (or potentially material) business relationship; (viii) “Third Party” means any person or entity other than any entity of the Group, whatsoever existing or organized and regardless of such third party being or not being a Competitor. (vi) “Proprietà Intellettuale” deve intendersi ogni idea, formula, scoperta, invenzione o modello di utilità (che sia o meno brevettabile o brevettata) e relativi miglioramenti; varietà vegetale; processo, procedura, sviluppo e relativi miglioramenti; dato di qualunque natura; disegno e modello registrato e non registrato; testo, piano, elaborato; marchio registrato e non registrato ed ogni altro segno distintivo; immagini; fotografia; banca dati; software; progetto di ingegneria; ogni altra opera di natura artistica, letteraria o comunque creativa (inclusi tutti i materiali ed i disegni preparatori) e tutte e ciascuna le parti di essa; metodi; informazione confidenziale; know-how; segreto commerciale e/o industriale, anche di natura negativa; (vii) “Relazione Commerciale Rilevante” significa qualsiasi (x) cliente, fornitore, licenziatario, licenziante, affiliato – e i relativi dipendenti, consulenti e/o fornitori – di ogni e qualsivoglia entità del Gruppo alla data del presente Accordo o in un periodo di 12 (dodici) mesi antecedente la data del presente Accordo, o (y) qualsiasi altro Terzo con il quale una entità del Gruppo, alla data del presente Accordo o in un periodo di 12 (dodici) mesi antecedente la data del presente Accordo, , intrattenga o abbia intrattenuto un rapporto commerciale rilevante (o potenzialmente rilevante); (viii) “Terzo” significa qualsivoglia soggetto terzo diverso da alcuna delle entità del Gruppo, in qualunque forma esistente o costituito, che sia o meno un Concorrente.
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Material Business Relationship means, with respect to any person, where such person has been, or is, a current director or executive officer or employee or contractually engaged person of, or owns, directly or indirectly, 10% (ten percent) or more of the equity of any entity that has made payments to, or received payments from, AIFF, any Member or its Affiliated Unit or made payments to, or received payments from any sponsor, auditor, external counsel or other paid adviser or contractor of any of AIFF, any Member or any of its Affiliated Units for property or services for any amount in the past 10 (ten) years. Any compensation or other amounts paid to any such person in their capacity as a member of the Executive Committee or of an AIFF committee or body shall not constitute a Material business relationship within the meaning of this provision.
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Related to Material Business Relationship

  • Substantial business relationship means the extent of a business relationship necessary under applicable state law to make a guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued "incident to that relationship" if it arises from and depends on existing economic transactions between the guarantor and the owner or operator.

  • Business relationship means a connection between two or more parties based on commercial activity of one of the parties. The term does not include a connection based on: (A) a transaction that is subject to rate or fee regulation by a federal, state, or local governmental entity or an agency of a federal, state, or local governmental entity; (B) a transaction conducted at a price and subject to terms available to the public; or (C) a purchase or lease of goods or services from a person that is chartered by a state or federal agency and that is subject to regular examination by, and reporting to, that agency. Texas Local Government Code 176.001(3).

  • Business Relation means any current or prospective client, customer, licensee, supplier, or other business relation of the Company Group, or any such relation that was a client, customer, licensee or other business relation within the prior six (6) month period, in each case, with whom Executive transacted business or whose identity became known to Executive in connection with Executive’s employment hereunder.

  • Business Relationship Strength for the purpose of this RFP shall mean the definition and commitment of the respondent towards a mutually successful “relationship” between the selected contractor and HCC for the duration of the contract. Respondent’s Statement of Qualification must include their definition, proposal and commitment to forge, foster and maintain a mutually successful “relationship” with HCC. At a minimum, your response must include:

  • Established business relationship means a relationship between a seller and a consumer based on:

  • material relationship means one actually known of a personal, familial or business nature between the Broker and affiliated licensees and a client which would impair their ability to exercise fair judgment relative to another client.

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

  • Substantial governmental relationship means the extent of a governmental relationship necessary under Ohio law to make an added guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued "incident to that relationship" if it arises from a clear commonality of interest in the event of an UST release such as conterminous boundaries, overlapping constituencies, common groundwater aquifer, or other relationship other than monetary compensation that provides a motivation for the guarantor to provide a guarantee.

  • Significant relationship means a situation in which the actor is: (1) the complainant's parent, stepparent, or guardian; (2) any of the following persons related to the complainant by blood, marriage, or adoption: brother, sister, stepbrother, stepsister, first cousin, aunt, uncle, nephew, niece, grandparent,great-grandparent, great-uncle, great-aunt; or (3) an adult who jointly resides intermittently or regularly in the same dwelling as the complainant and who is not the complainant's spouse. Minn. Stat. § 609.341(15).At what age is a person able to consent?18 years old. Idaho Statutes §§ 18-6101. At what age is a person able to consent?17 years old. 720 ILCS 5/11-1.60. However, if the actor is 17 years of age or older and holds a position of trust, authority, or supervision in relation to the victim, then the age of consent is 18 years old. At what age is a person able to consent?16 years old. IC §§ 35-42-4-9. At what age is a person able to consent?16 years old. I.C.A. § 709.4. At what age is a person able to consent?16 years old. K.S.A. 21-5506; 5507*.*Note: KSA 21-5507 was held to violate the equal protection provisions of the Fourteenth Amendment to the United States Constitution and§ 1 of the Kansas Constitution Bill of Rights to the extent that it results in a punishment for unlawful voluntary sexual conduct between members of the opposite sex that is less harsh than the punishment for the same conduct between members of the same sex. The court struck the phrase “and are members of the opposite sex” from the statute. State v. Limon, 280 Kan. 275, 276, 122 P.3d 22, 24 (2005). Proposed legislation would remedy this. See 2019 KS H.B. 2270 (NS). At what age is a person able to consent?18 years old.A person is deemed incapable of consent when he or she is: less than sixteen (16) years old; orsixteen (16) or seventeen (17) years old and the actor at least ten (10) years older than victim at the time of the sexual act.KRS § 510.020. At what age is a person able to consent?16 years old. Connecticut General Statutes Annotated §§ 53a-71. At what age is a person able to consent?16 years old, if the defendant is more than 4 years older, otherwise 18 years old. 11 Delaware Code §§ 761; 762; 765; 770; 771; 778.If the victim is at least 12 years old and the defendant is no more than 4 years older than the victim, it is an affirmative defense if the victim consented to the act “knowingly”. At what age is a person able to consent?16 years old. D.C. Code § 22-3001(3). At what age is a person able to consent?18 years old. Florida Statutes §§ 794.011; 794.05. At what age is a person able to consent?16 years old. Georgia Code § 16-6-3(a).

  • Intimate relationship means a relationship between spouses, former spouses, past or present unmarried couples, or persons who are both the parents of the same child regardless of whether the persons have been married or have lived together at any time.

  • Relationship means any interest, service, employment, gift, or other benefit or relationship with an entity that would be prohibited by Title 5, Subtitle 5 of the State's Public Ethics Law if not disclosed and approved pursuant to this Policy and procedures adopted pursuant to it. "Relationship" includes any relationship of the spouse or other relative of an officer or employee if such relationship creates restrictions on the officer or employee under the conflict of interest provisions of the Ethics Law.

  • Familial relationship means a person who is a spouse, domestic partner or civil union partner of a County employee or State, County or municipal official, or any person who is related to such an employee or official, whether by blood, marriage or adoption, as a: ParentChild Brother Sister Aunt UncleNiece NephewGrandparentGrandchild Father-in-law Mother-in-law Son-in-lawDaughter-in-lawBrother-in-law Sister-in-lawStepfatherStepmother StepsonStepdaughter Stepbrother Stepsister Half-brotherHalf-sister COOK COUNTY BOARD OF ETHICS FAMILIAL RELATIONSHIP DISCLOSURE FORM

  • Business Activities shall be deemed to include any activities which are included in the Company's Business now or during the effective period of this Agreement.

  • Business activity means that term as defined in section 3(2) of the former single business tax act, 1975 PA 228, or in section 105 of the Michigan business tax act, 2007 PA 36, MCL 208.1105.

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Customer relationship means a continuing relationship between a consumer and a licensee under which the licensee provides one or more insurance products or services to the consumer that are to be used primarily for personal, family or household purposes.

  • Material Related Party Transactions means any transaction/transactions to be entered into individually or taken together with previous transactions during a financial year exceeds 10% of the annual consolidated turnover of the Company as per the last audited financial statements of the Company.

  • Material Related Party Transaction means a transaction with a related party if the transaction / transactions to be entered into individually or taken together with previous transactions during a financial year, exceeds ten percent of the annual consolidated turnover of the company as per the last audited financial statements of the company.

  • Affiliated Entities means any legal entity, including any corporation, limited liability company, partnership, not-for-profit corporation, estate planning vehicle or trust, which is directly or indirectly owned or controlled by the Stockholder or his or her descendants or spouse, of which such Stockholder or his or her descendants or spouse are beneficial owners, or which is under joint control or ownership with any other person or entity subject to a lock-up agreement regarding the Common Stock with terms substantially identical to this Agreement.

  • Dating relationship means frequent, intimate associations primarily characterized by the expectation of affectional involvement. Dating relationship does not include a casual relationship or an ordinary fraternization between 2 individuals in a business or social context.

  • special business means all business transacted at a special meeting of shareholders and all business transacted at an annual meeting of shareholders, except consideration of the financial statements, auditor's report, election of directors and reappointment of the incumbent auditor;

  • Bona fide physician-patient relationship means a treatment or counseling relationship between a physician and patient in which all of the following are present:

  • Material Group Company means the Issuer or a Subsidiary representing more than 10.00 per cent. of either (i) the total assets of the Group on a consolidated basis (for the avoidance of doubt, excluding any intra-group transactions) or (ii) the EBITDA of the Group on a consolidated basis according to the latest Financial Report.

  • Business has the meaning set forth in the Recitals.

  • Direct relationship means that the nature of criminal conduct for which the person was convicted has a direct bearing on his fitness or ability to perform one or more of the duties or responsibilities necessarily related to the license, opportunity, or job in question.

  • Affiliation means an elector's decision to affiliate with either a political party or a political organization, as defined in subsections (24) and (25) of this section.