substantial owners definition

substantial owners means any individuals entitled to more than 10% of the profits of or with an interest of more than 10% in an entity either directly or indirectly.
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substantial owners means any individuals entitled to more than 10% of the profits of or with an interest of more than 10% in an entity, directly or indirectly.
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substantial owners mean(s) the natural person(s) having entitlement to more than 10% of an entity’s profits or possessing a participating interest of more than 10% in said entity, whether directly or indirectly.
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Examples of substantial owners in a sentence

  • Failure of Grantee’s Substantial Owners to remain in compliance with their child support obligations in the manner set forth in either #1 or #2 constitutes an event of default.


More Definitions of substantial owners

substantial owners means any individuals entitled to more than ten per cent. (10%) of the profits of or with an interest of more than ten per cent. (10%) in an entity, directly or indirectly.
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substantial owners has the meaning defined under local or foreign tax laws, regulatory guidance or intergovernmental cooperation agreements.
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substantial owners means any individuals entitled to more than ten percent (10%) of the profits of or with an interest of ten percent (10%) or more in an entity either directly or indirectly.
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substantial owners generally means any individuals entitled to more than 10% of the profits of or with an interest of more than 10% in an entity either directly or indirectly, subject always to applicable local laws.
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substantial owners means each person owning ten percent (10%) or more interest in the business entity.
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substantial owners of any business entity shall mean each owner, partner, officer, director, stockholder and/ or Chairperson of the business entities Board of Directors owning ten percent (10%) or more interest in the business entity.
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Related to substantial owners

  • Substantial means more than minor or trivial

  • Substantial interest means holding of a beneficial interest by an individual or his spouse or minor child, whether singly or taken together in the shares of a company, the amount paid up on which exceeds ten per cent of the paid up capital of the company; or the capital subscribed by all the partners of a partnership firm;

  • Substantial Portion means, with respect to the Property of the Borrower and its Subsidiaries, Property which (i) represents more than 10% of the consolidated assets of the Borrower and its Subsidiaries as would be shown in the consolidated financial statements of the Borrower and its Subsidiaries as at the beginning of the twelve-month period ending with the month in which such determination is made, or (ii) is responsible for more than 10% of the consolidated net sales or of the consolidated net income of the Borrower and its Subsidiaries as reflected in the financial statements referred to in clause (i) above.

  • Substantial Change means a change to the terms of this Agreement that reduces your rights or increases your responsibilities.

  • Substantial governmental relationship means the extent of a governmental relationship necessary under Ohio law to make an added guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued "incident to that relationship" if it arises from a clear commonality of interest in the event of an UST release such as conterminous boundaries, overlapping constituencies, common groundwater aquifer, or other relationship other than monetary compensation that provides a motivation for the guarantor to provide a guarantee.

  • Key Managerial Person means person as defined in Section 2(51) of the Companies Act, 2013

  • Substantial rehabilitation means, with respect to the SAIL Program, to bring a Development back to its original state with added improvements, where the value of such repairs or improvements (excluding the costs of acquiring or moving a structure) exceeds 40 percent of the appraised as is value (excluding land) of such Development before repair and less than 50 percent of the proposed construction work consists of new construction. For purposes of this definition, the value of the repairs or improvements means the Development Cost. To be considered “Substantial Rehabilitation,” there must be at least the foundations remaining from the previous structures, suitable to support the proposed construction.

  • Incapacitated person means any infant, lunatic, idiot or insane person;