Common use of Obligations of Affiliates Clause in Contracts

Obligations of Affiliates. Notes, drafts, accounts receivable or other obligations for the payment of money, made or owed by any Affiliate of Institute. For purposes of this Agreement, the term "Affiliate" shall mean and include all members, directors, trustees and officers of Institute; the spouse of any such person; any person who would be the heir or descendant of any such person if he or she were not living; and any entity in which any of the foregoing has a direct or indirect interest (except through ownership of less than 5% of the outstanding shares of any entity whose securities are listed on a national securities exchange or traded in the national over-the-counter market).

Obligations of Affiliates. Notes, drafts, accounts receivable or other obligations (except for the Company Sublease) for the payment of money, made or owed by any Affiliate of InstituteCompany. For purposes of this Agreement, the term "“Affiliate" ” shall mean and include all membersMembers, directors, trustees managers and officers of InstituteCompany; the spouse of any such person; any person who would be the heir or descendant of any such person if he or she were not living; and any entity in which any of the foregoing has a direct or indirect interest (except through ownership of less than 5% of the outstanding shares of any entity whose securities are listed on a national securities exchange or traded in the national over-the-counter market).

Obligations of Affiliates. Notes, drafts, accounts receivable or other obligations for the payment of money, made or owed by any Affiliate of InstituteCompany. For purposes of this Agreement, the term "Affiliate" shall mean and include all membersMembers, directors, trustees managers and officers of InstituteCompany; the spouse of any such person; any person who would be the heir or descendant of any such person if he or she were not living; and any entity in which any of the foregoing has a direct or indirect interest (except through ownership of less than 5% of the outstanding shares of any entity whose securities are listed on a national securities exchange or traded in the national over-the-counter market).

Obligations of Affiliates. Notes, drafts, accounts receivable or other obligations for the payment of money, made or owed by any Affiliate of InstituteCompany. For purposes of this Agreement, the term "Affiliate" shall mean and include all membersshareholders, directors, trustees directors and officers of InstituteCompany; the spouse of any such person; any person who would be the heir or descendant of any such person if he or she were not living; and any entity in which any of the foregoing has a direct or indirect interest (except through ownership of less than 5% of the outstanding shares of any entity whose securities are listed on a national securities exchange or traded in the national over-the-counter market).