Definitions of Affiliate and Control Sample Clauses

Definitions of Affiliate and Control. Affiliate" shall mean any person or entity: (i) which owns beneficially, directly or indirectly, a controlling ownership interest in the Owner; (ii) of which the Owner holds beneficially, directly or indirectly, ownership interests sufficient to control such entity; (iii) which controls, is controlled by or is under common control with the Owner; (iv) which is a successor to the Owner by merger; or (v) which succeeds to the rights of the Owner by operation of law or in connection with the sale by the Owner of substantially all of its assets. The term "control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person or entity, whether through the ownership of voting securities, by contract or otherwise.
Sample 1
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