What is an affiliate lease?
Affiliate Lease means any lease or similar agreement between any Borrower and any Affiliate of any Borrower. For the avoidance of doubt, the term “Affiliate Lease” shall include each lease noted on the Affiliate Lease Schedule.
What are affiliated securities?
Affiliate Securities means any securities issued by an Affiliate of the Company. Affiliate Securities means any securities issued by the Bank or a subsidiary of the Bank and includes the Subordinated Notes.
What is considered an affiliate company?
Companies are affiliated when one company is a minority shareholder of another. In most cases, the parent company will own less than a 50% interest in its affiliated company. In the business world, affiliated companies are often simply called affiliates.
What is an affiliate in a contract?
H.Definition of Affiliate. For purposes of this Agreement, “Affiliate” means a Person that directly, or indirectly through one or more intermediaries, owns or controls, is owned or is controlled by, or is under common ownership or control with, another Person.
What is an affiliate in accounting?
An investment in an associate or affiliate company is one in which the acquiring company owns between 20 and 50% of the shares. This ownership of shares mplies “significant influence'” which is the accounting term that states that a company should be accounted for under the equity method of accounting.
What it means to be an affiliate?
An affiliate is defined as a person who is in some way connected to another person or organization. An example of affiliate is when a person joins an organization.
What is being an affiliate?
Affiliate marketing is an advertising model in which a company pays others (e.g., bloggers) to advertise their products and services and generate sales. Affiliates place ads or market the products or services on their website, app, or blog. Commissions are paid on leads that convert to sales.
How is an affiliate defined in a loan agreement?
Affiliation is defined in finance in a loan agreement as an entity other than a subsidiary directly or indirectly controlling, being controlled by or under common control with an entity. In…
What does finance lease mean in real estate?
Finance Lease Meaning Finance lease simply means a method of providing finance where the leasing company buys the asset for the user and rents it to him for an agreed period. The leasing company is known as the lessor, and the user is known as the lessee.
When does a finance lease become an operating lease?
If “substantially all the risks and rewards” of ownership are transferred to the lessee then it is a finance lease. If it is not a finance lease then it is an operating lease.
Who is the lessee in a finance lease?
Finance lease simply means a method of providing finance where the leasing company buys the asset for the user and rents it to him for an agreed period. The leasing company is known as the lessor and the user is known as the lessee.