Business Intermediary definition

Business Intermediary means any partner, agent, sales agent, commission agent, distributor, reseller, consultant or representative of a Group Company, or any other third party with whom a Group Company transacts or has transacted business that, in each case, is or was authorised to act in any way on its behalf;
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Business Intermediary means an entity that brings
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Business Intermediary means the individual or entity which applies for Business Intermediary Program membership and related Business Intermediary Commissions and/or payment(s) in accordance with the terms and conditions set forth herein.
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Examples of Business Intermediary in a sentence

  • P.L. 111-240 appropriated $6.5 million for business loan administration (for costs associated with the Small Business Intermediary Lending Pilot Program).

  • Over time additional applications will be added to this compliance hub, such as the Business Intermediary Portal, which today is a separate portal we use when we onboard certain third parties.

  • Only E&C or Group Legal Affairs have authority to negotiate payments outside the terms of a Business Intermediary agreement, as a settlement or otherwise.

  • All payments shall be made against invoices issued by the Business Intermediary and shall be duly recorded in Saab’s books.

  • The remuneration shall always be determined to reflect a fair and reasonable compensation for the services, i.e. be proportionate to the scope, duration, level and quality of the services as well as the business risk carried by the Business Intermediary.

  • ReferenceGMS-0525 Bribery and Corruption Red Flags The existence of a Red Flag does not mean that Saab automatically must cease dealing with the Business Intermediary, but any Red Flag must be promptly investigated and resolved.

  • It is the responsibility of the Agreement Monitor to ensure that all relevant personnel is informed that the agreement is no longer in force and to see to it that the Business Intermediary understands that it should no longer be providing services or hold itself out to represent Saab and that it will not be paid for any work except pursuant to an effective Business Intermediary agreement.

  • Any process for the early termination of a Business Intermediary agreement shall be managed by E&C or Group Legal Affairs.

  • The purpose of the Business Justification is to initiate the corruption risk management process and to justify the commercial rationale for engaging the Business Intermediary.

  • Under no circumstances shall a Business Intermediary be engaged or instructed to carry out any services without completion of all steps leading up to the signing of an agreement in accordance with this process.


More Definitions of Business Intermediary

Business Intermediary has the meaning given to it in paragraph 23.1 of Schedule 4
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Related to Business Intermediary

  • Intermediary means “a person who actively participates in the facilitation of the contract or negotiating the contract, including a broker, adviser, attorney, or representative of or agent for the business entity who:

  • insurance intermediary means any natural or legal person, other than an insurance or reinsurance undertaking or their employees and other than an ancillary insurance intermediary, who, for remuneration, takes up or pursues the activity of insurance distribution;

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • business interest ’ means —

  • Commodity intermediary means a person that:

  • Intermediary bank means a bank to which an item is transferred in course of collection except the depositary or payor bank.

  • Fiscal Intermediary means any qualified insurance company or other Person that has entered into an ongoing relationship with any Governmental Authority to make payments to payees under Medicare, Medicaid or any other federal, state or local public health care or medical assistance program pursuant to any of the Health Care Laws.

  • Financial Intermediary means a financial intermediary as that term is defined in Rule 22c-2.

  • Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Control Account Agreement.

  • Qualified Intermediary means any Person acting as a “qualified intermediary” for BMW FS’s Like-Kind Exchange Program pursuant to Section 1.1031(k)-1(g)(4) of the Treasury Regulations promulgated under the Code.

  • Securities Intermediary shall have the meaning given such term in Section 8-102(14) of the UCC.

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Security Entitlement shall have the meaning specified in Section 8-102(a)(17) of the UCC.

  • Business Intellectual Property means the Owned Intellectual Property and the Licensed Intellectual Property.

  • Indirect Owner means, in the case of a Protected Partner that is an entity that is classified as a partnership, disregarded entity or subchapter S corporation for federal income tax purposes, any person owning an equity interest in such Protected Partner, and in the case of any Indirect Owner that itself is an entity that is classified as a partnership, disregarded entity or subchapter S corporation for federal income tax purposes, any person owning an equity interest in such entity.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Nonbusiness income means all income other than business income.

  • Excess Interest With respect to each ARD Mortgage Loan, additional interest accrued on such ARD Mortgage Loan after the Anticipated Repayment Date allocable to the difference between the Revised Rate and the Mortgage Rate, plus any compound interest thereon, to the extent permitted by applicable law and the related Loan Documents. The Excess Interest on any ARD Mortgage Loan shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Negotiable Collateral means all of Borrower’s present and future letters of credit of which it is a beneficiary, drafts, instruments (including promissory notes), securities, documents of title, and chattel paper, and Borrower’s Books relating to any of the foregoing.

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Motor vehicle salesperson or "salesperson" means any person who is licensed as and employed as a

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).