Licensing Criteria definition

Licensing Criteria means a Person who (i) is not a direct or indirect competitor of Canopy or the Licensee or any of their respective Affiliates; (ii) is capable of using the Trademarks, Systems or Intellectual Property in compliance with the Standards; (iii) has minimum cash and cash equivalents in the amount of $50 million as shown on its most recent consolidated statement of financial position; (iv) has operated for a minimum of five years; (v) is not subject to any (A) criminal convictions, court injunction, or restraining order; (B) order of a state or federal regulator; (C) SEC disciplinary order; (D) SEC cease-and-desist order; (E) SEC stop order; (F) suspension or expulsion from membership in a self-regulatory organization; or (G) U.S. Postal Service false representation order; and (vi) has for the prior fiscal year maintained minimum net working capital amount of at least $25 million.
View Source
Licensing Criteria means the criteria set out in section 7(3); "the Minister" means the Minister of Finance;
View Source
Licensing Criteria means the AVA Licensing Criteria issued by QAA in October 2016 or any subsequent version of this document.
View Source

Examples of Licensing Criteria in a sentence

  • Licensing Criteria for authorization to deal in China's financial services sector are solely prudential (i.e., contain no economic needs test or quantitative limits on licenses).

  • For greater certainty, Canopy’s consent shall not be considered to be unreasonably withheld in the event that the proposed sublicensee does not meet the Licensing Criteria.

  • Sample Calculations for Licensing Criteria Development ' Upon establishing the acceptable anlytical methods and their range of i application from Task 3, various generic calculations will be performed ; for longitudinal and circumferential flaws in BWR and PWR piping systems ' to provide input and guidance for establishing licensing criteria in such areas as leak before burst, break opening area, seismically induced LOCA, , and IGSCC.