Indirectly affiliated definition

Indirectly affiliated means, for purposes of this section only, that a person owns 5% or more of the voting interest of another person.
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Indirectly affiliated to a company or companies ("the parent company or companies") if a series of companies can be specified, beginning with the parent company or companies and ending with a particular company, so related that each company of the series, except the parent company or companies, is directly affiliated to one or more companies earlier in the series.
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Examples of Indirectly affiliated in a sentence

  • Indirectly affiliated: pharmacist who does not receive payment directly from the WPQC-accredited dispensing pharmacy for service-based activities.To view the official WPQC Service Provider Policy, visit the WPQC Resources section of the PSW website.

Related to Indirectly affiliated

  • Affiliates means, with respect to the Contractor, any of its corporate affiliates or associates, including parent entities, subsidiaries, and other entities in which it owns a substantial interest.

  • 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.

  • Affiliated Entity means any entity controlling, controlled by, or under common control with an Insured.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.