Glossary Term: AFFILIATE
Definition(s) for AFFILIATE:
1. ) Any company that controls, is controlled by, or is under common control with, a bank or nonbank bank (according to Federal Reserve Regulation Y).
2. ) With respect to any Person, any other Person controlling, controlled or under common control with such Person.For purposes of this definition, ˇ°controlˇ± means the power to direct the management and policies of a Person, directly or indirectly, whether through ownership of voting securities, by contract, or otherwise and ˇ°controllingˇ± and ˇ°controlledˇ± shall have meanings correlative to the foregoing.Affiliates also include any entities consolidated with the requirements of generally accepted accounting principles.
3. ) means, with reference to any Person, another Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, the first mentioned Person. For purposes of this definition, ˇ° controlˇ± shall mean the possession, direct or indirect, of the power to direct or cause the direction of management and policies of a Person, whether through the ownership of voting securities, by Contract or otherwise. Notwithstanding the foregoing, no ˇ°portfolio companyˇ± of any member of Parent shall be deemed to be an Affiliate of Parent, Merger Sub or such member.
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