Define: Group Company
any undertaking which is, on or after the date of this Agreement from time to time, a subsidiary undertaking of the Company, a parent undertaking of the Company or a subsidiary undertaking of a parent undertaking of the Company, as those terms are defined in section 258 of the Companies Act 1985;
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any undertaking which for the time being Controls, or is Controlled by, the Collaborator or which for the time being is Controlled by a third person which also Controls the Collaborator;.
any undertaking which for the time being Controls, or is Controlled by, the Company or which for the time being is Controlled by a third person which also Controls the Company;.
Relevant Circumstances
- When a contract benefits or binds an entity's parent, sibling and subsidiary companies
- If group structures may change during the life of the agreement
- Where statutory definitions of subsidiary undertaking control the test