Interested Party Transaction Definition | Law Insider (2024)

Interested Party Transaction

has the meaning set forth in Section 3.24.

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Interested Party Transaction

means any transaction between the Company or any of its Subsidiaries and any officer or Director, or Affiliate of any officer or Director, of the Company.

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Examples of Interested Party Transaction in a sentence

  • Paragraph 5 of the Property Funds Appendix also imposes a requirement for Unitholders’ approval for an Interested Party Transaction by LMIR Trust which value exceeds 5.0% of LMIR Trust’s latest audited NAV.

  • Paragraph 5 of the Property Funds Appendix also imposes a requirement for Unitholders’ approval for an Interested Party Transaction by First REIT which value exceeds 5.0% of First REIT’s latest audited NAV.

  • Security sectors – sectoral analysis of the security issue (object approach).3.

  • As the LMK Acquisition will constitute an Interested Party Transaction under the Property Funds Appendix, the LMK Acquisition Fee payable to the Manager will be in the form of the LMK Acquisition Fee Units, which shall not be sold within one year from the date of issuance, in accordance with Paragraph 5.6 of the Property Funds Appendix.

  • As the LMK Acquisition will constitute an Interested Party Transaction under the Property Funds Appendix, the LMK Acquisition Fee shall be payable to the Manager in the form of LMK Acquisition Fee Units.


More Definitions of Interested Party Transaction

Interested Party Transaction

is defined in Section 3.19.

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Interested Party Transaction

means any transaction or contract entered into during the term of this Agreement between (a) the Company (or any affiliate of the Company, as the term “affiliate” is defined in the rules and regulations promulgated under the Securities Act of 1933, as amended) and (b) an Interested Party (defined as any officer or director of the Company, an owner of more than 5% of the outstanding voting securities of either the Company or any affiliate of the Company, or any member of the immediate family or affiliate of any such officer, director or shareholder) pursuant to which the Company would pay such Interested Party money or other valuable consideration in excess of $25,000; provided, however, that an Interested Party Transaction shall not include a transaction, such as but not limited to a merger, in which such an Interested Party receives consideration in excess of $25,000, but only in respect of such person’s ownership of securities of the Company and on a parity basis with all other similarly situated owners of such securities. The Company hereby agrees to indemnify, defend and hold the Shareholder harmless from and against any loss, expense, and liability arising out of a claim by a third party (i.e. a party not affiliated with Shareholder) arising out of the direction, or lack of direction, given by the Board of Directors of the Company to the Trustee under this Agreement.

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Interested Party Transaction

has the meaning set forth in Section 4.20 of Schedule 4.

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Interested Party Transaction

means any transaction or series of similar transactions to which the Company is a party in which the amount involved exceeds $50,000 4 9 and in which any of the following has a direct or indirect material interest: any director, employee or holder of more than 1% of the outstanding shares of capital stock of the Company.

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Interested Party Transaction

shall have the meaning set forth in Section 4.22.

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Interested Party Transaction

means any transaction or agreement (or proposed transaction or agreement), any guaranty or the purchase, sale, lease or exchange of property (tangible or intangible), or the rendering of any service, involving the Company, on the one hand, and any Interested Party, on the other hand, including (i) any exercise or waiver of rights of the Company under this Agreement with respect to an action taken or to be taken by a Member hereunder and (ii) for the avoidance of doubt, any transaction with respect to or relating to the Property (or any other real property acquired by the Company) involving any Interested Party or the use of the Property or such other real property by any Interested Party other than, as applicable, through the use of the Property or such other real property by the Company in the conduct of its business.

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Interested Party Transaction

has the meaning as defined in Law on “The Board of Directors” – Company’s Board of Directors.

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Interested Party Transaction Definition | Law Insider (2024)

FAQs

Interested Party Transaction Definition | Law Insider? ›

Interested Party Transaction means any transaction between the Company or any of its Subsidiaries and any officer or Director, or Affiliate of any officer or Director, of the Company.

What is an interested transaction? ›

An “Interested Transaction” is any financial transaction, arrangement or relationship (including any indebtedness or guarantee of indebtedness), or any series of similar transactions, arrangements or relationships, in which (a) the aggregate amount involved will or may be expected to exceed $120,000 in any fiscal year, ...

What does interested party mean in legal terms? ›

An interested party is someone who has a stake in a matter or transaction. This means they have a recognizable interest in the outcome of the situation.

What is an interested person transaction? ›

These transactions arise when companies conduct business with other parties that are related to the companies' directors, key management personnel or controlling shareholders. They can, in fact, be done for sound business reasons.

What is a related party transaction in law insider? ›

Related Party means, with respect to the Sponsor, any direct or indirect wholly owned subsidiary of the Sponsor or any other Person that owns, directly or indirectly, 100% of the outstanding voting securities of the Sponsor.

What is the meaning of transaction of interest? ›

The new reportable transaction category Transaction of Interest (TOI) is defined as a transaction that the IRS and the Treasury Department believe is a transaction that has the potential for tax avoidance or evasion, but lack sufficient information to determine whether the transaction should be identified specifically ...

What are three examples of transactions? ›

Such transactions come in many forms, including:
  • Sales in cash and credit to customers.
  • Receipt of cash from a customer by sending an invoice.
  • Purchase of fixed assets and movable assets.
  • Borrowing funds from a creditor.
  • Paying off borrowed funds from a creditor.
  • Payment of cash to a supplier from a sent invoice.

What are the requirements of interested parties examples? ›

Examples of Interested Parties
  • Responsibility – investors, etc.
  • Influence – pressure groups, etc.
  • Proximity – neighbours, etc.
  • Dependency – employees, etc.
  • Representation – trade unions, etc.
  • Authority – regulators, etc.
May 20, 2016

Which of the following are examples of an interested party? ›

Examples of interested parties can include:
  • Suppliers.
  • Customers.
  • Partners.
  • Employees.
  • Investors.
  • Owners.
  • Bankers.
  • Regulatory bodies.

What are the rights of an interested party? ›

Interested parties are entitled to significant protections and rights during probate. For instance, these people can submit a special notice, which allows them to receive any of the personal representative's court filings.

What are the 4 transaction types? ›

There are four categories that a transaction can be categorized as: sales, purchases, receipts, and payments. Each of them involves money in some way and is recorded in your books in two locations.

What are the three main types of transactions? ›

There are three types of accounting transactions depending on the transaction of money: cash transactions, non-cash transactions, and credit transactions.

What is an IPT transaction? ›

The Manager has established procedures to ensure that all IPTs should be undertaken on an arm's length basis and on normal commercial terms, which are generally no more favourable than those extended to unrelated third parties.

What are the 5 related party transactions? ›

  • purchases or sales of goods.
  • purchases or sales of property and other assets.
  • rendering or receiving of services.
  • leases.
  • transfers of research and development.
  • transfers under licence agreements.
  • transfers under finance arrangements (including loans and equity contributions in cash or in kind)

What qualifies as a related party transaction? ›

"Related Party Transaction" means any transaction, arrangement or relationship, or any series of similar transactions, arrangements or relationships, in which (i) the Company or any of its subsidiaries is or will be a participant, and (ii) any Related Party has or will have a direct or indirect interest.

What is not a related party transaction? ›

- A non-executive Director or a Director simpliciter and their relatives are not “Related Party” under AS-18. - “Relatives” as per AS 18 means spouse, son, daugther, brother, sister, father and mother.

What is transactional interest? ›

Transaction Interest means a legal, beneficial or economic interest acquired or to be acquired expressly and specifically in or in relation to the financing of the Project, whether as initial lender/investor/participant or any other party with an interest in the Project by way of assignment, transfer, novation or any ...

What is a self interested transaction? ›

A self-interested transaction is a transaction where the fiduciary could benefit in its individual capacity.

What is a transaction type interest? ›

The "Interest" transaction type is intended to record interest payments and interest income. The "Interest" transaction type will allow a transaction to have either a positive or negative transaction amount.

What is interest rate transaction? ›

Interest Rate Transaction means a notional interest rate swap transaction under which the Notional Master Investor notionally pays or notionally receives periodic amounts in Eligible Currency based on a specified fixed rate and notionally receives or notionally pays, respectively, periodic amounts of the same currency ...

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