Common use of Definitions Clause in Contracts

Definitions. “Affiliate” means any corporation or company that directly or indirectly controls, or is controlled by, or is under common control with the relevant party, where “control” means to: (a) own more than 50% of the relevant party; or (b) be able to direct the affairs of the relevant party through any lawful means (e.g., a contract that allows control).

Definitions. “Affiliate” means any corporation or company a legal entity that directly or indirectly controlsControls a Party, or is controlled by, Controlled by a Party or is under common control Control with the relevant party, a Party; where “controlControl” means to: shall mean that at least fifty percent (a50%) own more than 50% of the relevant party; controlled entity’s shares or (b) be able ownership interest representing the right to direct make decisions for such entity are owned or controlled, directly or indirectly, by the affairs of the relevant party through any lawful means (e.g., a contract that allows control)controlling entity.