Dealer Affiliate definition

Dealer Affiliate means, with respect to Dealer, a BHC Affiliate of that party.

Dealer Affiliate means any person that: (i) directly or indirectly controls, is controlled by or is under common control with Dealer, (ii) directly or indirectly owns 5% or more of Dealer, (iii) is a director, partner, manager, or officer of Dealer or an affiliate of Dealer, or (iv) any natural person related to Dealer or an affiliate of Dealer.

Dealer Affiliate means any Affiliate of a Dealer.

Examples of Dealer Affiliate in a sentence

• After a Dealer Affiliate has become subject to an Insolvency Proceeding, if Counterparty seeks to exercise any Default Right with respect to this Confirmation or any other Relevant Agreement, Counterparty shall have the burden of proof, by clear and convincing evidence, that the exercise of such Default Right is permitted hereunder or thereunder.

• For purposes of this Section 4, each Company Affiliate shall have the same rights to contribution as the Company, each Dealer Manager Affiliate shall have the same rights to contribution as the Dealer Manager and each Dealer Affiliate of a particular Dealer shall have the same rights to contribution as that Dealer.

• Direct Parent of Primary Dealer Company A (Primary Dealer Affiliate) Trades between consolidated and unconsolidated entities are reportable.

• Notwithstanding anything to the contrary in this Confirmation, the Agreement or any other agreement, the parties hereto expressly acknowledge and agree that subject to Section 8(b) below, Counterparty shall not be permitted to exercise any Default Right against Dealer with respect to this Confirmation or any other Relevant Agreement that is related, directly or indirectly, to a Dealer Affiliate becoming subject to an Insolvency Proceeding.

• Notwithstanding anything to the contrary in this Confirmation or any other agreement, the parties hereto expressly acknowledge and agree that subject to Section 9(ff)(ii), Counterparty shall not be permitted to exercise any Default Right against Dealer with respect to this Confirmation or any other Relevant Agreement that is related, directly or indirectly, to a Dealer Affiliate becoming subject to an Insolvency Proceeding.

• Notwithstanding anything to the contrary in this Confirmation or any other agreement, the parties hereto expressly acknowledge and agree that subject to Section 26(b), Counterparty shall not be permitted to exercise any Default Right against Dealer with respect to this Confirmation or any other Relevant Agreement that is related, directly or indirectly, to a Dealer Affiliate becoming subject to an Insolvency Proceeding.

• Notwithstanding anything to the contrary in this Confirmation or any other agreement, the parties hereto expressly acknowledge and agree that subject to Section 9(dd)(ii), Counterparty shall not be permitted to exercise any Default Right against Dealer with respect to this Confirmation or any other Relevant Agreement that is related, directly or indirectly, to a Dealer Affiliate becoming subject to an Insolvency Proceeding.

• After a Dealer Affiliate has become subject to an Insolvency Proceeding, if Company seeks to exercise any Default Right with respect to this Confirmation or any other Relevant Agreement, Company shall have the burden of proof, by clear and convincing evidence, that the exercise of such Default Right is permitted hereunder or thereunder.

• Dealer shall be discharged of its obligations to Counterparty to the extent that the Dealer Affiliate fully performs such obligations under this Transaction.

• Notwithstanding anything to the contrary in this Master Confirmation or any other agreement, the parties hereto expressly acknowledge and agree that, subject to Section 17(b), Counterparty shall not be permitted to exercise any Default Right against Dealer with respect to this Master Confirmation or any other Relevant Agreement that is related, directly or indirectly, to a Dealer Affiliate becoming subject to an Insolvency Proceeding.

More Definitions of Dealer Affiliate

Dealer Affiliate means Desjardins Securities Inc, Dundee Securities Inc., and Manulife Securities Incorporated;

Dealer Affiliate means, with respect to Dealer, a BHC Affiliate of that party. “Default Right” means, with respect to the Master Confirmation (including any Transaction under the Master Confirmation) or any other Relevant Agreement, any: (i) right of a party, whether contractual or otherwise (including, without limitation, rights incorporated by reference to any other contract, agreement, or document, and rights afforded by statute, civil code, regulation, and common law), to liquidate, terminate, cancel, rescind, or accelerate such agreement or transactions thereunder, set off or net amounts owing in respect thereto (except rights related to same-day payment netting), exercise remedies in respect of collateral or other credit support or property related thereto (including the purchase and sale of property), demand payment or delivery thereunder or in respect thereof (other than a right or operation of a contractual provision arising solely from a change in the value of collateral or margin or a change in the amount of an economic exposure), suspend, delay, or defer payment or performance thereunder, or modify the obligations of a party thereunder, or any similar rights; and (ii) right or contractual provision that alters the amount of collateral or margin that must be provided with respect to an exposure thereunder, including by altering any initial amount, threshold amount, variation margin, minimum transfer amount, the margin value of collateral, or any similar amount, that entitles a party to demand the return of any collateral or margin transferred by it to the other party or a custodian or that modifies a transferee’s right to reuse collateral or margin (if such right previously existed), or any similar rights, in each case, other than a right or operation of a contractual provision arising solely from a change in the value of collateral or margin or a change in the amount of an economic exposure; but (iii) solely with respect to Section 22(a) does not include any right under a contract that allows a party to terminate the contract on demand or at its option at a specified time, or from time to time, without the need to show cause. “Financial Counterparty” has the meaning given to such term in, and shall be interpreted in accordance with, 12 C.F.R. 252.81, 12 C.F.R. 382.1 and 12 C.F.R. 47.2.

Dealer Affiliate means, with respect to any Dealer, any Person controlling such Dealer. For purposes of this definition, “controlling,” when used with respect to any Dealer, means the power to direct the management and policies of such Dealer, directly or indirectly, whether through the ownership of capital stock or share capital, by contract, or otherwise. Without limiting the foregoing, a Person shall be deemed to control a Dealer if such other Person possesses, directly or indirectly, power to vote 25% or more of the capital stock or share capital (on a fully diluted basis) or its equivalent, having ordinary voting power for the election of directors, managers, or managing general partners of such Dealer.

Dealer Affiliate means, with respect to any Dealer, any Person controlling such Dealer. For purposes of this definition, “controlling,” when used with respect to any Dealer, means the power to direct the management and policies of such Dealer, directly or indirectly, whether through the ownership of capital stock, by contract, or otherwise. Without limiting the

Dealer Affiliate means, with respect to any Dealer, any Person controlling such Dealer. For purposes of this definition, “controlling,” when used with respect to any Dealer, means the power to direct the management and policies of such Dealer, directly or indirectly, whether through the ownership of capital stock, by contract, or otherwise. Without limiting the foregoing, a Person shall be deemed to control a Dealer if such other Person possesses, directly or indirectly, power to vote 25% or more of the capital stock (on a fully diluted basis) or its equivalent having ordinary voting power for the election of directors, managers, or managing general partners of such Dealer.