Common use of Affiliated Companies Clause in Contracts

Affiliated Companies. A subsidiary in which User directly or indirectly owns more than 50% of the issued share capital and exercises effective control, or a holding company that directly or indirectly owns at least 50% of User's issued share capital and exercises effective control.

Affiliated Companies. A subsidiary in which User Vendor directly or indirectly owns more than 50% of the issued share capital and exercises effective control, or a holding company that directly or indirectly owns at least 50% of UserVendor's issued share capital and exercises effective control.