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;.
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
Relevant Sectors
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;.