Credit Affiliate definition

Credit Affiliate means Principals, corporations, partnerships, firms, joint ventures, associations, joint stock companies, trusts, unincorporated organizations or entities, one of which directly or indirectly controls the other or that are both under common Control. “Control,” as that term is used in this definition, shall mean the possession, directly or indirectly, of the power to direct the management or policies of a person or an entity.
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Credit Affiliate means Domus or any entity that is controlled by Domus from time to time other than (1) an entity which is in the employee relocation business and regularly pledges its receivables as security for loans which are securitized, (2) an entity which is licensed to sell title insurance and sells title insurance as a primary business, or (3) an entity which is prohibited by Legal Requirements from providing the Guaranty (any entity described in clause (1), (2) or (3) is called an “excluded entity” in this definition). For the avoidance of doubt, a Credit Affiliate shall not include (i) any stockholder of Domus or Apollo Management, L.P. other than a stockholder which is controlled by Domus, or (ii) any Affiliate of Apollo Management, L.P. other than Domus or any entity that Domus controls from time to time; provided, however, that if all or any substantial portion of the assets of Domus or any entity that is controlled by Domus are transferred (any such assets which are transferred are called in this definition “transferred assets”) to one or more Affiliates of Domus which are not controlled by Domus for consideration which is less favorable to Domus or the entity controlled by Domus, as applicable, than what would have been received if the transferred assets were sold to an unaffiliated third party in an arm’s-length transaction, then such Affiliate(s) of Domus and any other entity (x) which controls or is controlled by any such Affiliate and (y) whose assets (held directly or indirectly) are either entirely or in substantial part comprised of transferred assets, shall be a “Credit Affiliate” notwithstanding any other contrary provision of this definition, except that in no event shall Apollo Management, L.P. or any excluded entity be a Credit Affiliate. As used in this definition, “control” means the ability through ownership of equity interest, by contract or otherwise to control and direct the day-to-day operations and affairs of such person or entity. Credit Union: defined in Section 16.7(c).
Sample 1
Credit Affiliate means Principal, corporations, partnerships, firms, joint ventures, associations, joint stock companies, trusts, unincorporated organizations or entities, one of which directly or indirectly controls the other or that are both under common Control. “Control,” as that term is used in this definition, shall mean the possession, directly or indirectly, of the power to direct the management or policies of a person or an entity.
Sample 1

Examples of Credit Affiliate in a sentence

  • A Foreign Guaranty is a Corporate Guaranty that is provided by a Credit Affiliate entity that is domiciled in a country other than the United States or Canada.

  • A Credit Affiliate corporate family subject to this cap shall request PJM to allocate the maximum Unsecured Credit amongst the corporate family, assuring that no individual Participant or common guarantor, shall exceed the Unsecured Credit level appropriate for its credit strength and activity.

  • Borden BETHLEHEM STEEL FUNDING, LLC OPERATING AGREEMENT This Operating Agreement (this "Agreement") is entered into this 12th day of September, 1995 by and among Bethlehem Steel Corporation, of Bethlehem, Pennsylvania; Bethlehem Steel Credit Affiliate One, Inc., of Sparrows Point, Maryland; and Bethlehem Steel Credit Affiliate Two, Inc., of Sparrows Point, Maryland.

  • Error bars represent the standard error of the means of 8 biological replicates.

  • Within twenty (20) days after receiving any request from Landlord from time to time, Tenant shall identify any entity which is a Credit Affiliate and shall provide Landlord with reasonable evidence of the credit rating of such Credit Affiliate.

  • A Foreign Guaranty is a Corporate Guaranty that is provided by ana Credit Affiliate entity that is domiciled in a country other than the United States or Canada.

  • The Borrower agrees that no later than 10 Domestic Business Days after the Amendment No. 4 Effective Date it will enter into (and cause Bethlehem Steel Credit Affiliate One, Inc.

  • Thereafter, in the event that at any time or from time to time a different Credit Affiliate shall have a higher credit rating as published by Xxxxx’x or its successor than the then current Guarantor, the provisions of this Article 39 shall apply and Landlord shall have the right to require that the Guaranty be replaced by the guaranty of such other Credit Affiliate.

  • The Company shall maintain its principal ------ executive office separate from that of any Affiliate other than Bethlehem Steel Credit Affiliate One, Inc.

Related to Credit Affiliate

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Affiliate means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.