New firm definition

New firm means a jewelry com- pany which has requested in writing to the Secretaries permission to partici- pate in the program. In addition to any other information required by the Sec-15 CFR Ch. III (1–1–17 Edition)retaries, new firm requests shall in- clude a representation that the com- pany agrees to abide by the laws and regulations of the program, an outline of the company’s anticipated economic contribution to the territory (including the number of employees) and a state- ment as to whether the company is af- filiated by ownership or control with any other watch or jewelry company in the insular possessions. The Secre- taries will then review the request and make a decision based on the informa- tion provided and the economic con- tribution to the territory. A new jew- elry firm may not be affiliated through ownership or control with any other jewelry duty-refund recipient. In as- sessing whether persons or parties are affiliated, the Secretaries will consider the following factors, among others: stock ownership; corporate or family groupings; franchise or joint venture agreements; debt financing; and close supplier relationships. The Secretaries may not find that control exists on the basis of these factors unless the rela- tionship has the potential to affect de- cisions concerning production, pricing, or cost. Also, no jewelry duty-refund recipient may own or control more than one watch duty-refund recipient.
Sample 1Sample 2
New firm means any firm that has not supplied tendered/equivalent material to PSPCL/ other State Utilities. The firm having supplied tendered/ equivalent material to other state utilities shall be considered as 'Old Firm' for the purpose of distribution of quantities on submission of satisfactory performance certificate. However, works appraisal of such firms shall be carried out.
Sample 1Sample 2Sample 3
New firm means any firm that has not supplied tendered/similar to tendered material to PSTCL/PSPCL/other State Utilities. The firm having supplied tendered/ similar to tendered material to PSPCL/other Central or state utilities shall be considered as 'Old Firm' for the purpose of distribution of quantities on submission of satisfactory performance certificate. However, works appraisal of such firms shall be carried out.
Sample 1

Examples of New firm in a sentence

  • New firm is a watch firm not af- filiated through ownership or control with any other watch duty-refund re- cipient.

  • Table 1 – Typology of patent value indicators in the literatureGroupIndicatorMarket-based measures (MKT)Firm value Tobin’s qStock Market Sales/ Benefits New firm creationTechnologic Strength R&D PerformanceEstimated patent value RoyaltiesValuation by inventors or managers Sleeping vs.


More Definitions of New firm

New firm means a jewelryproducer who has requested in writingto the Secretaries permission toparticipate in the program, has agreed to abide by the laws and regulations of the program and has been accepted by the Secretaries as a viable company thatwill make an economic contribution tothe territory. Also, the new firm must be an entity which is completely separate from and not associated with, by way of ownership or control, any otherpotential jewelry duty-refund recipient (and only one watch duty-refundrecipient) in any territory.
Sample 1
New firm has the meaning ascribed to it in Section 5.3(a).
Sample 1

Related to New firm

  • Accounting Firm means a nationally recognized certified public accounting firm or other professional organization that is a certified public accounting firm recognized as an expert in determinations and calculations for purposes of Section 280G of the Code that is selected by the Company prior to a Change in Control for purposes of making the applicable determinations hereunder and is reasonably acceptable to Executive, which firm shall not, without Executive’s consent, be a firm serving as accountant or auditor for the individual, entity or group effecting the Change in Control.

  • Selling Firm has the meaning given to it in Section 2(1);

  • Independent Expert means a Person or entity with no material current or prior business or personal relationship with the Advisor or the Directors and who is engaged to a substantial extent in the business of rendering opinions regarding the value of assets of the type held by the Company.