Principal Owners definition

Principal Owners means the person(s) named as Principal Owner(s) in the Final Article of this Agreement upon whose personal qualifications, expertise, reputation, integrity, experience, ability and representations concerning the management and operation of Dealer, Seller has relied in entering this Agreement.
Principal Owners means owners of 20% or more of an applying or participating business.
Principal Owners means one or more persons who control the business, whether by owning an aggregate of 50% or more of the business, by holding any ownership interests in the business and being directly involved in the day-to-day management of a business as a full-time professional activity, or otherwise, all as determined by the Chief Executive Officer. For investments made prior to January 1, 2012, to the extent the principal owners do not collectively own 50% or more of the business, the business must designate additional holders of ownership interests in the business who, when aggregated with the principal owners, own a total of at least 50% of the business, which such designated holders of interests shall not participate in the program.

Examples of Principal Owners in a sentence

  • CONTRACTOR’S Principal Owners are currently in substantial compliance with any court-ordered child, family and spousal support order, including orders to provide current residence address, employment information, and whether dependent health insurance coverage is available.

  • You must obtain and maintain all necessary rights and consents under Law to provide the User Information that you provide to Stripe about each of your (i) Principal Owners and employees, contractors and agents; and (ii) Connected Accounts, Stripe Issuing Accountholders and Card Authorised Users.

  • See the Data Form for examples of titles that apply.• Principal Owners are individuals who own or control 10% of more of the organization.

  • Table of Contents, containing at least the following headings in the following order: The Provider, The Manager, Management's Discussion and Analysis of Financial Condition, The Home, Services, Cancellation of the Contract, Management and Principal Owners of the Provider, Management and Principal Owners of the Manager, Litigation, Opinion of Independent Accountants, Financial Statements, Form of Continuing Care Agreements.

  • If “Yes,” check all that apply:New York State certified Minority-Owned Business Enterprise (MBE) New York State certified Women-Owned Business Enterprise (WBE)New York State certified Service-Disabled Veteran-Owned Business (SDVOB) New York State Small Business (SB)Federally certified Disadvantaged Business Enterprise (DBE)Yes No1.6 Identify Officials and Principal Owners of the Reporting Entity, if applicable.


More Definitions of Principal Owners

Principal Owners means Xxxx X. Xxxx, Xxxxxxx Xxxxxxx, Xxxxxx X. Xxxxxx, Xxxxx X. Xxxxxx, Xxxxxx X. Xxxxxx, Xxxx X. Xxxxx and Xxxxxx X. Xxxx, Xx.
Principal Owners means any person or entity holding five percent (5%) or more of the ownership interest in Participant, either directly, indirectly or beneficially.
Principal Owners means (1) each individual, if any, who directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, owns 25 percent or more of the equity interests of the Company and (2) one individual with significant responsibility for managing the Company listed above, such as an executive officer or senior manager (e.g. Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, Treasurer); or any other individual who regularly performs similar functions.
Principal Owners has the meaning set forth in the preamble to this Agreement.
Principal Owners. See Section 3.3.
Principal Owners as described in Section 1 of this Agreement;
Principal Owners means the eight (8) natural persons who own or hold the greatest shares of equity of Franchisee. Franchisee’s Principal Owners and other Owners as of the Effective Date, and the percentage and type of equity of Franchisee each such Owner owns or holds, and the manner of such holding, are set forth on Exhibit C to this Agreement.