Common use of Commonly Controlled Entity Clause in Contracts

Commonly Controlled Entity. “Commonly Controlled Entity” shall mean any entity, trade or business that is a member of a group described in Section 414(b), (c), (m) or (o) of the Code or Section 4001(b)(1) of ERISA that includes the entity, trade or business that is a member of the same “controlled group” as the Company, pursuant to Section 4001(a)(14).

Appears in 2 contracts

Sources: Merger Agreement (Analog Devices Inc), Merger Agreement (Maxim Integrated Products Inc)

Commonly Controlled Entity. Commonly Controlled Entity” shall mean any " -------------------------- means an entity, trade whether or business that not incorporated, which is a member under common control with Borrower within the meaning of Section 4001 of ERISA or is part of a group described in which includes Borrower and which is treated as a single employer under Section 414(b), (c), (m) or (o) 414 of the Code or Section 4001(b)(1) of ERISA that includes the entity, trade or business that is a member of the same “controlled group” as the Company, pursuant to Section 4001(a)(14)Code.

Appears in 1 contract

Sources: Loan and Security Agreement (Creditrust Corp)