Substantial Interest Sample Clauses
The 'Substantial Interest' clause defines what constitutes a significant or meaningful stake or involvement in a particular entity, transaction, or subject matter within the context of the agreement. Practically, this clause often sets thresholds—such as a specific percentage of ownership, voting rights, or financial investment—that determine when a party is considered to have a substantial interest. For example, it may apply to situations where disclosure of conflicts of interest is required or where certain actions are restricted if a party holds a substantial interest in another company. The core function of this clause is to provide clear criteria for identifying when a party's involvement is significant enough to trigger specific obligations or restrictions, thereby ensuring transparency and managing potential conflicts of interest.
Substantial Interest. Ownership shall not include an investment representing less than one (1%) percent of a class of outstanding securities of a publicly held corporation.
Substantial Interest. Substantial Interest shall have the meaning set forth in the DPA.
Substantial Interest. 5.8.1 Subject to clause 5.9, for the purpose of this Contract a person (in this clause 5.8 “C”) has a Substantial Interest in another person (in this clause 5.8 “D”), where “C” has sufficient proprietary, financial or voting strength within “D” or another entity to be able to influence directly or indirectly to an appreciable extent the strategic direction or policy (which includes editorial policy) of “D”, with regard in particular to programme output, that is, sourcing, production, supply or delivery to the audience.
Substantial Interest. 17.1 PCI acknowledges that it is informed that Texas law prohibits contracts between City and any local public official such as a City officer or employee, and that the prohibition extends to any officer or employee of City boards and commissions and to contracts involving a business entity in which the official has a substantial interest, as defined by Texas law, if it is reasonably foreseeable that an action on the matter would confer an economic benefit on the business entity.
17.2 PCI certifies, and this agreement is made in reliance thereon, that neither it, its individual officers, employees or agents, nor any person having a substantial interest in this agreement is an officer or employee of the CITY or any of its agencies, boards or commissions.