Material Business Relationship definition

Material Business Relationship means as between an individual and the relevant body, a significant commercial relationship including but not limited to one under which the individual receives from the body, payment of remuneration by fees or rent or otherwise (save for properly incurred expenses). “Individual” includes any person connected with that individual as a spouse, civil partner, widow, widower, former spouse, former civil partner, parent, step or adopted parent, grandparent, child, step child, adopted child, descendant, qualifying co-habitant or next-of-kin;

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Material Business Relationship means any (x) material customer, supplier, licensee, licensor, franchisee of the Company as of the Closing or at any time in the six (6) month period prior to the Closing, or (y) any other Person with whom the Company, as of the Closing or at any time in the six (6) month period prior to the Closing, had a material business relationship.

Material Business Relationship means, with respect to any person, that (i) such person has been, or (ii) such person is a current director or executive officer or employee of or owns, directly or indirectly, 10% or more of the equity of any entity that has made payments to or received payments from FIFA, any confederation, any member association or any sponsor, auditor, outside counsel or other paid adviser or contractor of any of FIFA, any confederation or any member association for property or services in an amount which, in any single year, exceeds USD 125,000. Any compensation or other amounts paid to any such person in their capacity as a member of the Council or of an independent FIFA body shall not constitute a material business relationship within the meaning of this provision.

Examples of Material Business Relationship in a sentence

Notwithstanding the foregoing sentence, Seller Parent and any Seller Parent Subsidiary may enter into any relationship with any customer, vendor or supplier of the Business, including any Material Business Relationship, provided that Seller Parent and such Seller Parent Subsidiaries comply with the restrictions set forth in Section 5.4(a) of this Agreement.
To Seller's Knowledge, no Material Business Relationship has expressed to Seller an intention or desire to cancel or terminate, reduce or to otherwise alter in any material respect, its relationship with Seller or the Company.
No Material Business Relationship has expressed to any Seller its, and no Seller or Shareholder has Knowledge of a Material Business Relationship’s intention or desire to cancel or terminate, reduce or to otherwise alter in any material respect, its relationship with any Seller.
No Material Business Relationship has expressed to Seller or Seller Parent its, and neither Seller nor Seller Parent has Knowledge of a Material Business Relationship's intention or desire to cancel or terminate, reduce or to otherwise alter in any material respect, its relationship with Seller or Seller Parent.
No Material Business Relationship has expressed to Seller its, and neither Seller nor any other Selling Group Member has Knowledge of a Material Business Relationship’s intention or desire to cancel or terminate, reduce or to otherwise alter in any material respect, its relationship with Seller.

More Definitions of Material Business Relationship

Material Business Relationship means a relationship resulting in income/non-cash benefits equivalent to 20% of the director’s annual income.

Material Business Relationship means a relationship resulting in income/non- cash benefits equivalent to twenty percent (20%) of the director’s annual income and any income/non-cash benefits received by such director which are applicable on a uniform basis to all non-executive directors on the board shall not be considered in calculating the annual income.

Material Business Relationship means collectively, the parties set forth in Schedule B.

Material Business Relationship means a business or professional relationship from which the Independent Manager derives gross revenue from our company, or any affiliate or associate of our company, that exceeds 5% of (a) the Independent Manager’s annual gross revenue from all sources during either of the last two years; or (b) the Independent Manager’s net worth on a fair market value basis.

Material Business Relationship means any (x) customer, supplier, licensee, licensor, franchisee -and its employees, consultants and/or suppliers – of any entity of the Group as of the date of this Agreement or at any time in the 12 (twelve) months period prior to the date of this Agreement, or (y) any other Third Party with whom any entity of the Group, as of the date of this Agreement or at any time in the 12 (twelve) months period prior to the date of this Agreement, has or had a material (or potentially material) business relationship; (viii) “Third Party” means any person or entity other than any entity of the Group, whatsoever existing or organized and regardless of such third party being or not being a Competitor. (vi) “Proprietà Intellettuale” deve intendersi ogni idea, formula, scoperta, invenzione o modello di utilità (che sia o meno brevettabile o brevettata) e relativi miglioramenti; varietà vegetale; processo, procedura, sviluppo e relativi miglioramenti; dato di qualunque natura; disegno e modello registrato e non registrato; testo, piano, elaborato; marchio registrato e non registrato ed ogni altro segno distintivo; immagini; fotografia; banca dati; software; progetto di ingegneria; ogni altra opera di natura artistica, letteraria o comunque creativa (inclusi tutti i materiali ed i disegni preparatori) e tutte e ciascuna le parti di essa; metodi; informazione confidenziale; know-how; segreto commerciale e/o industriale, anche di natura negativa; (vii) “Relazione Commerciale Rilevante” significa qualsiasi (x) cliente, fornitore, licenziatario, licenziante, affiliato – e i relativi dipendenti, consulenti e/o fornitori – di ogni e qualsivoglia entità del Gruppo alla data del presente Accordo o in un periodo di 12 (dodici) mesi antecedente la data del presente Accordo, o (y) qualsiasi altro Terzo con il quale una entità del Gruppo, alla data del presente Accordo o in un periodo di 12 (dodici) mesi antecedente la data del presente Accordo, , intrattenga o abbia intrattenuto un rapporto commerciale rilevante (o potenzialmente rilevante); (viii) “Terzo” significa qualsivoglia soggetto terzo diverso da alcuna delle entità del Gruppo, in qualunque forma esistente o costituito, che sia o meno un Concorrente.

Material Business Relationship means a relationship resulting in

Material Business Relationship means a relationship resulting in income/noncash benefits equivalent to 20 per cent of the director’s annual income and any income/noncash benefits received by such director which are applicable on a uniform basis to all non- executive directors on the Board shall not be considered for this purpose.