Affiliated Party Sample Clauses
The Affiliated Party clause defines which entities or individuals are considered affiliates of a party to the agreement, typically including parent companies, subsidiaries, or entities under common control. In practice, this clause clarifies the scope of rights, obligations, or restrictions that extend not only to the main contracting parties but also to their affiliates, such as when confidentiality or non-compete provisions apply to both the company and its related entities. Its core function is to ensure clarity and prevent ambiguity about who is bound by or benefits from specific terms in the contract, thereby reducing the risk of disputes over the agreement’s reach.
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Affiliated Party. (ies): Any of the following: (i) any member of the Marketing Partner’s immediate family; and (ii) any individual, corporation, partnership, joint venture, trust, and any other body corporate or unincorporated organisation, directly or indirectly controlling, controlled by or under common control with the Marketing Partner.
Affiliated Party. 31 Agreement............................................1
Affiliated Party. A shareholder, member, spouse, partner, manager, trustee, or other parties with any ownership interest in, or management responsibilities for, a Business Entity. Back Office – A website sponsored by Bomb Party that can be accessed only by logged-in Party Reps. This website allows Party Reps to order Product, enter certain sales transactions, access Team information, view sales reports, see official announcements, and retrieve other information pertinent to their activities as an Independent Party Rep. Bomb Party Opportunity (Opportunity) – The opportunity an individual has to participate in the programs and plans offered by Bomb Party by committing to the terms of the Contract. The Opportunity includes the ability to buy Product at Party Rep prices, receive the benefits of the Back Office, attend events, build a Team, and participate in the Company’s Compensation Plan. Any individual who participates in the Opportunity understands that they do so as an independent contractor. Bomb Party Rep Account (BP Rep Account) – The activities and rights to order and sell Product, Recruit and support Team members, participate in corporate-sponsored events, and other such activities that comprise active status as a Bomb Party Independent Party Rep. A BP Rep Account is granted to Party Reps so long as they uphold Policies and other requirements for eligibility of participation, including meeting Compensation Plan requirements. Bonus Buying – The act of buying Product personally, referring, or directing the purchase of Products by others whether Team or Downline members or Customers, or in any way manipulating Product orders for the purpose of reaching a Title or commission payout. Bonus Buying activities are strictly prohibited and may include, but are not limited to the following: Business Documents – A collection of marketing, training, and media assets provided to a Party Rep via a Cancel (Canceled, Cancelation) – The termination of a BP Rep Account. Cancelation may be voluntary, involuntary, through non-renewal or inactivity, or as otherwise provided herein. Chargeback – When a bank forcibly reverses a credit card transaction, returning funds to the cardholder and debiting the merchant. Compensation Plan – The structure and terms that all Party Reps must abide by in order to receive financial compensation, advance in Title, and earn additional incentives. See the Bomb Party Compensation Plan for details. Competitive Product – Any type of jewelry including but not li...
Affiliated Party. “Affiliated Party” shall have the meaning set forth in Section 1.9.3 of this Agreement.
Affiliated Party. (i) Any member, shareholder, partner, officer, ---------------- director, agent or fiduciary of or for Borrower, (ii) any Person that controls, is controlled by or is under common control with Borrower, (iii) any Person that owns, directly or indirectly, 10% or more of the legal or beneficial interests in Borrower, and (iv) any Person in which Borrower or any member, shareholder, partner, officer, director, agent or fiduciary of or for Borrower owns 10% or more of the legal or beneficial interests. For purposes of this definition, "control", when used with respect to any specified Person, means the power to direct the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. The term "controlled" has a meaning correlative to the foregoing.
Affiliated Party if Borrower or any Affiliated Party is a general or limited partnership, the general partners thereof and any person or entity directly or indirectly controlling any general partner thereof; (ii) if Borrower or any Affiliated Party is a joint venture, its joint venture partners and any person or entity directly or indirectly controlling any joint venture partner thereof, (iii) if Borrower is a corporation or limited liability company, any person or entity directly or indirectly controlling Borrower; and (iv) each Indemnitor.
Affiliated Party with respect to any Person, any Affiliate of such Person and any director, officer, employee and agent of such Person and of such Person’s Affiliates. Agreement – as defined in the introductory paragraph. Amended Code – the Code, as amended by the Bipartisan Budget Act.
Affiliated Party any individual or legal entity (except for state agencies, exercising control over the activity of this person within the limits of given powers), who shall have right directly or indirectly determine decisions and (or) influence on decisions being adopted by this person, including the oral agreement, or other transaction, and also any individual or legal entity, toward whom this person shall have such a right.
Affiliated Party. 2 2.6 Asbestos.......................................................... 3 2.7 Asbestos-Containing Construction Materials........................ 3 2.8 Assignment of Management Agreement................................ 3 2.9
Affiliated Party. Transactions Section 5.16 Environmental Matters Section 5.18 Notes and Accounts Receivable Section 5.20 Product Liability Claims Section 5.21(a) Warranties and Returns Policies; Product Failures or Defects Section 5.21(c) Failures or Defects in Delivered Products Section 5.23 Insurance