Owned and Operated definition

Owned and Operated means (1) the business enterprise is at least 51% owned by a person or persons within one of the respective diversity groups, or in the case of any corporations, limited liability companies or partnerships, at least 51% of the voting stock or interests, as applicable, is owned by a person or persons within one of the respective diversity groups and (2) the management and daily business operations of the business enterprise are controlled by a person or persons within one of the respective diversity groups.
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Examples of Owned and Operated in a sentence

  • Small Business Enterprise (SBE) – a corporation, partnership, sole proprietorship or other legal entity for the purpose of making a profit, which is Independently Owned and Operated by Individuals legally residing in, or that are citizens of, the United States or its territories, and which meets the U.S. Small Business Administration (SBA) size standard for a small business in its particular industry(ies) and meets the Significant Business Presence requirements as defined herein.

  • Each Office Independently Owned and Operated *Sales Representative.

  • Business Owned and Operated by a Veteran with a Service Connected Disability In accordance with NRS 338.1384, means a business of which 51 percent of the ownership is held by one or more veterans with a service connected disability; that is organized to engage in commercial transactions; and is managed and operated on a day-to-day basis by one or more veterans with service connected disabilities.

  • The report is based on items that are readily visible at the time of the inspection.100% NZ Owned and Operated.

  • Ownership of an M/WBE firm may be by Individuals and/or by other businesses provided the ownership interests in the M/WBE firm can satisfy the M/WBE eligibility requirements for ownership and Control as specified herein in Section III.E.6. The M/WBE firm must also be Independently Owned and Operated in the sense that it cannot be the subsidiary of another firm that does not itself (and in combination with the certified M/WBE firm) satisfy the eligibility requirements for M/WBE Certification.

  • Customer Owned and OperatedCustomer Leased and OperatedThird Party Owned and Operated Applicant must attach a fully executed contract between the vendor and the applicant.

  • Note: The prospective contractor(s) must be U.S. Owned and Operated with no Foreign Influence as defined by DOD 5220.22-M, National Industrial Security Program Operating Manual, unless acceptable mitigating procedures can and have been implemented and approved by the Defense Security Service (DSS).

  • You and your tax and legal advisors should conduct your own investigation of the property and transaction.Each Office Independently Owned and Operated kwcommercial.com11-2-2015 Information About Brokerage ServicesTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

  • Second Reading of Ordinance #2021-15 An Ordinance to Amend the Agreement for Development of a Multi-County Industrial and Business Park by and between Florence County and Marion County, South Carolina, Providing for the Development of a Jointly Owned and Operated Industrial/Business Park so as to include Additional Property in Florence County related to Project Longshot (The “Company”) As part of the Joint County Industrial/Business Park, and Other Matters Relating Thereto.

  • CEOP Participants will be ineligible for the Charge Ready Customer Owned option, Charge Ready SCE Owned and Operated option, and Charge Ready New Construction programs.

Related to Owned and Operated

  • Complex or chronic medical condition means a physical,

  • Cyberbullying means any form of communication by electronic act that is sent with the purpose to:

  • Foreign professional corporation means a professional corporation organized under laws other than the laws of this state.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Maintenance and Operations Revenue or “M&O Revenue” means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • Project Name refers to the project title as stated in the legal agreement (Financing Agreement) between the World Bank and the Government. It should not be confused with the name of the UN Agency’s project or program financed from other sources.]

  • Established business relationship means a relationship between a seller and a consumer based on:

  • Employee Liability Information means the information which a transferor is obliged to notify to a transferee pursuant to Regulation 11(2) of TUPE regarding any person employed by him who is assigned to the organised grouping of resources or employees which is the subject of a relevant transfer and also such employees as fall within Regulation 11(4) of TUPE;

  • Permanent foster care means an out-of-home placement in which there is a long-term

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;

  • Health Care Operations shall have the meaning given to such term under the HIPAA 2 Privacy Rule in 45 CFR § 164.501.

  • Business User means a Signing Officer, Delegate or Non-Signer.

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Unprofessional conduct means the same as that term is defined in

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Compliance Forester means the DNR staff person(s) identified in the Pre-Work Conference who perform the compliance inspections, approve Work, recommend payment to the Contract Manager, and manage the Work Schedule.

  • Financially Literate means the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Corporation’s financial statements.

  • Serious Medical Condition means all of the following medical conditions:

  • General air quality operating permit or "general permit" means an air quality operating permit that meets the requirements of ARM 17.8.1222, covers multiple sources in a source category, and is issued in lieu of individual permits being issued to each source.

  • Quality Assurance means a systematic procedure for assessing the effectiveness, efficiency, and appropriateness of services.

  • business waste means waste that emanates from premises that are used wholly or mainly for commercial, retail, wholesale, entertainment or government administration purposes, which include:

  • Criminal history record information means that term as defined in section 1a of 1925 PA 289, MCL 28.241a.

  • Permanent foster care placement means the place of residence in which a child resides and in

  • Independent foster home means a private family home in which any child, other than a child by

  • Skilled and trained workforce means a workforce that meets all of the following conditions:

  • Competent and reliable scientific evidence means tests, analyses, research, studies, or other evidence based on the expertise of professionals in the relevant area, that has been conducted and evaluated in an objective manner by persons qualified to do so, using procedures generally accepted in the profession to yield accurate and reliable results.