Principal owner definition

Principal owner means any person who owns, controls, votes or has a beneficial

Principal owner means a person that owns, directly or indirectly, of record or beneficially, stock or membership interest representing 10% or more of the outstanding stock or membership interest of a corporation or limited liability company.

Principal owner means, with respect to a legal entity, an individual who directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise, owns at least 25% of the equity interests of the legal entity.

Examples of Principal owner in a sentence

• That the Bidder/Contractor accepts that if the Monitor needs to access any records then the Monitor shall have the right to access without restriction to all project documentation of the Principal/ owner including that provided by the Bidder/ Contractor.

• Criminal Liability: If the Principal / Owner obtains knowledge of conduct of a Bidder or Contractor, or of an employee or a representative or an associate of a Bidder or Contractor which constitutes corruption within the meaning of IPC Act, or if the Principal /owner has substantive suspicion in this regard, the principal/owner will inform the same to law enforcing agencies for further investigation.

• For pur- poses of this section, the term ‘‘em- ployee’’ has the same meaning such term is given in section 3306(i) of the Code (relating to definitions for pur- poses of the Federal Unemployment Tax Act).(2) Principal owner.

• Pure water or ASW containing phenol and THA were then spiked with selected iron species and irradiated, monitoring phenol disappearance.

• List all previous business addresses for last five years.3. Number of years this company has been in use.4. Principal owner of company.

More Definitions of Principal owner

Principal owner means any person or entity who or that owns, controls, votes, or has

Principal owner means any person who owns an interest of 10 percent or more in a contractor or subcontractor as defined herein.b. Mandatory Contract Provisions. Every contract that is let, awarded or entered into with or on behalf of the City of Los Angeles shall contain a provision obligating the contractor or subcontractor to fully comply with all applicable State and Federal employment reporting requirements for the contractor or subcontractor’s employees. The contractor or subcontractor will also be required to certify that the principal owner(s) thereof are in compliance with any Wage and Earnings Assignment Orders and Notices of Assignment applicable to them personally, that the contractor or subcontractor will fully comply with all lawfully served Wage and Earnings Assignment Orders and Notices of Assignments in accordance with California Family Code §§5230 et seq. and that the contractor or subcontractor will maintain such compliance throughout the term of the contract.Failure of a contractor or subcontractor to comply with all applicable reporting requirements or to implement lawfully served Wage and Earnings Assignments or Notices of Assignment or failure of the principal owner(s) to comply with any Wage and Earnings Assignments or Notices of Assignment applicable to them personally shall constitute a default under the contract. Failure of the contractor orsubcontractor or principal owner thereof to cure the default within 90 days of notice of such default by the City shall subject the contract to termination.c. Notice to Bidders. Each awarding authority shall be responsible for giving notice of the provisions of this ordinance to those who bid on, or submit proposals for, prospective contracts with the City.d. Current Contractor Compliance. Within 30 days of the operative date of this ordinance, the City, through its operating departments, shall serve upon existing contractors a written request that they and their subcontractors (if any) comply with all applicable State and Federal employment reporting requirements for the contractor and subcontractor’s employees, that they certify that the principal owner(s) of the contractor and any subcontractor are in compliance with any Wage and Earnings Assignment Orders and Notices of Assignment applicable to them personally, that the contractor and subcontractor will fully comply with all lawfully served Wage and Earnings Assignment Orders and Notices of Assignments in accordance with California Family Code §§5230 et se...

Principal owner means any person who, directly or indirectly,

Principal owner means any person who owns an interest of 10 percent or more in a contractor or subcontractor as defined herein.b.

Principal owner means any person who owns an interest of 10 percent or more in a contractor or subcontractor as defined herein.

Principal owner means any person who, directly or indirectly, holds a beneficial interest or ownership in an applicant or who has the ability to control an applicant.

Principal owner means the individual designated by Franchisee on Exhibit B and accepted by Franchisor to serve as the primary operator of the JINYA Ramen Bar, to serve as the authorized representative of Franchisee, who shall have at least a fifty percent (50%) interest in the Equity of Franchisee, who shall act as Franchisee’s representative in all matters with Franchisor as Franchisee’s liaison with Franchisor and the Owners, and who shall have the authority to act on behalf of Franchisee during the Term without the active participation of any other Owner.