Non-Qualified Person means any person in respect of whom the Directors have imposed restrictions for the purpose of ensuring that no Shares are held by (a) any person or persons in breach of law or requirements of any country or governmental authority or (b) any person or persons in circumstances (whether directly or indirectly affecting such person or persons and whether taken alone or in conjunction with any other persons, connected or not, or any circumstances appearing to the Directors to be relevant) which in the opinion of the Directors might result in the Company incurring any liability to taxation or suffering any pecuniary, fiscal, regulatory or other disadvantage which the Company might not otherwise incur or suffer.
Non-Qualified Person means a Person that is themselves or is an Affiliate or associate of, (a) a Person controlled by, or associated with organized crime, or a Person convicted of an indictable offense, (b) a Person with whom contracting or conducting business based on the identity of such Person’s owners or officers, directors or executive employees or officers, directors or executive employees of such owners would represent a violation of Applicable Laws, or (c) a Person otherwise generally recognized in the business community as being a person, firm, or corporation with whom neither a prudent business person nor a reasonable financial institution would wish to associate in a commercial venture such as the Ho Tram Project.
Non-Qualified Person means any Person who is (i) directly or indirectly engaged in any business which the Board determines, in good faith, to be a Competitive Business, (ii) an adverse party in any material legal proceeding or material arbitration proceeding or other significant dispute (as determined in good faith by the Board), or (iii) an Affiliate of any Person described in clauses (i) and (ii).
Examples of Non-Qualified Person in a sentence
I/We declare that the Shares in the Company are not being acquired directly or indirectly by or for a "Non-Qualified Person".
Shares may not be held by a person who is classified as a Non-Qualified Person.
In this regard, the Bond Rights shall be vested in a Bondholder(s) who has transferred the Bonds to the Non-Qualified Person and who is qualified as a Qualified Investor (the "Qualified Bondholder").
If it comes to the notice of the ACD that any Shares are or may be owned or held legally or beneficially by a Non-Qualified Person (“affected Shares”) the ACD may give notice to the registered holder(s) of the affected Shares requiring either the transfer of such Shares to a person who is not a Non-Qualified Person or a request in writing for redemption or cancellation of such Shares in accordance with the FCA Regulations.
A person who becomes aware that he is holding or owning Shares under circumstances that render such person a Non-Qualified Person is required either to deliver to the Company a written request for redemption of his shares in accordance with the Bye-Laws or to transfer the same to a person who would not thereby be a Non-Qualified Person.
More Definitions of Non-Qualified Person
Non-Qualified Person means any Person who is (a) directly or indirectly engaged in any business which the Board determines to be competing with the businesses of the Company or any of its Subsidiaries, (b) any material customer or supplier of the Company or any of its Subsidiaries, (c) an adverse party in any legal or arbitration proceeding with the Company or any of its Subsidiaries, (d) designated by the Board from time to time as a Person whose equity ownership in the Company would, in the reasonable determination of the Board, be adverse to the Company or its businesses and (e) an Affiliate of any Person described in clauses (a) or (d), unless otherwise determined by the Board.
Non-Qualified Person means (i) any person who by acquiring and/or holding Units would be in breach of the law or requirements of any country or governmental authority; or (ii) any person or persons in circumstances (whether directly or indirectly affecting such person or persons and whether taken alone or in conjunction with any other persons, connected or not or any other circumstances appearing to the Manager to be relevant) which, in the opinion of the Manager, might result in the
Non-Qualified Person means a person who is not a Qualified Person.
Non-Qualified Person means (i) any person who by acquiring and/or holding Shares, would be in breach of the law or requirements of any country or governmental authority; or (ii) any person or persons in circumstances (whether directly or indirectly affecting such person or persons and whether taken alone or in conjunction with any other persons, connected or not, or any other circumstances appearing
Non-Qualified Person means (i) any person who by acquiring and/or holding Shares, would be in breach of the law or requirements of any country or governmental authority; or
Non-Qualified Person means any Person that would, if associated with the Borrower or its Affiliates or with the Lender or its Affiliates, in the reasonable judgment of the Lender or any licensing authority, impair or cause the denial, suspension or revocation of any gaming registration, permit, license, right or entitlement or alcoholic beverage registration, permit, license, right or entitlement held or applied for by the Lender, or any Affiliate of the Lender.
Non-Qualified Person means a Limited Partner who is: (i) a “non-Canadian” within the meaning of the Investment Canada Act; (ii) a “non-resident”, “tax shelter”, “tax shelter investment”, or any entity an investment in which would be a “tax shelter investment” within the meaning of the Federal Tax Act; (iii) a partnership which is not a “Canadian partnership” within the meaning of the Federal Tax Act; or (iv) a partnership which does not prohibit investments by the Persons named in subsection (i) or (ii) above.