Covered Affiliate definition

Covered Affiliate has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance with, 12 U.S.C. § 1841(k).

Covered Affiliate means any Affiliate of a Lender (provided that for this purpose, Affiliates shall not include Persons that are subject to customary procedures to prevent the sharing of confidential information between such Lender and such Person if such Person has fiduciary duties to investors or other equityholders of such Person and such investors or equityholders are not the same as the investors or equityholders of such Lender).

Covered Affiliate has the meaning described in the Services Schedule (if applicable).

Examples of Covered Affiliate in a sentence

• In the event that any Underwriter that is a Covered Entity or a Covered Affiliate of such Underwriter becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Underwriter are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States.

• Reversely, any contractual breach by a Covered Affiliate will be considered as attributable to and enforceable against You.

• This option shall remain in full force for the duration of the Contract unless You notify Us not to renew it for a given Covered Affiliate by registered letter at least 90 days prior to the end of the insurance period of the Contract.

• For the avoidance of doubt, a Covered Affiliate is not and does not become a party to the Agreement, and is only a party to the DPA.

• The above mentioned duration is granted provided that your Covered Affiliate remains fully controlled by You.

More Definitions of Covered Affiliate

Covered Affiliate shall have the meaning provided in Section 13.6(h)(iv)(i).

Covered Affiliate has the meaning assigned to such term in ‎Section 9.02(g)(i).

Covered Affiliate means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of one or more of the Covered Parties.

Covered Affiliate means an Affiliate using the Services under Customer’s Account.

Covered Affiliate means a BHC Affiliate of the Covered Entity. The term “BHC Affiliate” has the same meaning as the term “affiliate” of a bank holding company as defined in, and shall be interpreted in accordance with, Section 2(k) of the Bank Holding Company Act, (12 U.S.C. 1841(k)).

Covered Affiliate means any Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by the Borrower.

Covered Affiliate means any of Subscriber's Affiliate(s) which (a) is subject to the Data Protection Laws, and (b) is permitted to use the Services pursuant to the Agreement between Subscriber and Sightengine, but has not signed its own Service Order with Sightengine and is not a "Subscriber" as defined under the Agreement.