Defined term Definition. Affiliate In relation to a person, any other entity which controls that person, is controlled by that person or is under the same common underlying control as that person. A person (‘X’) will be regarded as having ‘control’ over another person (‘Y’) if X alone (and without being subject to the further direction of any other person) directly or indirectly possesses the power (whether by the direct or indirect holding of voting shares or otherwise) to direct the management and policies of Y on all matters.
Appears in 2 contracts
Sources: Cultural Grant Agreement, Grant Agreement