Common use of Partner Enterprise Clause in Contracts

Partner Enterprise. This type represents the situation of enterprises which establish major financial partnerships with other enterprises, without the one exercising effective direct or indirect control over the other. Partners are enterprises which are not autonomous, but which are not linked to one another. The applicant enterprise is a partner of another enterprise if: • it has a holding or voting rights equal to or greater than 25% in the other enterprise, or the other enterprise has a holding or voting rights equal to or greater than 25% in the applicant enterprise, • the enterprises are not linked enterprises within the meaning defined below, which means, among other things, that the voting rights of one in the other do not exceed 50%, • and the applicant enterprise does not draw up consolidated accounts which include the other enterprise by consolidation, and is not included by consolidation in the accounts of the other enterprise or of an enterprise linked to it5.

Partner Enterprise. This type represents the situation of enterprises which establish major financial partnerships with other enterprises, without the one exercising effective direct or indirect control over the other. Partners are enterprises which are not autonomous, but which are not linked to one another. The applicant enterprise is a partner of another enterprise if: • it It has a holding or voting rights equal to or greater than 25% in the other enterprise, or the other enterprise has a holding or voting rights equal to or greater than 25% in the applicant enterprise, . • the The enterprises are not linked enterprises within the meaning defined below, which means, among other things, that the voting rights of one in the other do not exceed 50%, . • and And the applicant enterprise does not draw up consolidated accounts which include the other enterprise by consolidation, consolidation and is not included by consolidation in the accounts of the other enterprise or of an enterprise linked to it5it7.

Partner Enterprise. This type represents the situation of enterprises which establish major financial partnerships with other enterprises, without the one exercising effective direct or indirect control over the other. Partners are enterprises which are not autonomous, but which are not linked to one another. The applicant enterprise is a partner of another enterprise if: • it It has a holding or voting rights equal to or greater than 25% in the other enterprise, or the other enterprise has a holding or voting rights equal to or greater than 25% in the applicant enterprise, . • the The enterprises are not linked enterprises within the meaning defined below, which means, among other things, that the voting rights of one in the other do not exceed 50%. 3 Henceforth, • and the applicant enterprise does not draw up consolidated accounts which include term "Definition" refers to the other enterprise by consolidation, and is not included by consolidation in Annex to Commission Recommendation 2003/361/EC on the accounts definition of the other enterprise or of an enterprise linked to it5SMEs.