Principal Owners definition

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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

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.
Seller requires that a natural person be named as the Principal Owner(s) of Dealer because Seller relies on the personal qualifications, expertise, reputation, integrity, experience, ability and representations of such individuals.
After the Closing Date, Seller and the Principal Owners will not disparage Buyer, any of Buyer’s Affiliates or any of such parties’ shareholders, directors, officers, employees or agents.
We may require that you obtain nondisclosure and confidentiality agreements in a form satisfactory to us from any persons owning a minority interest in the franchisee, the Principal Owners, the Unit General Manager and other key employees.
You, the Principal Owners, the Unit General Manager, your guarantors, officers, directors, members, managers, partners, employees or agents, or any other individual or entity related to, or controlled by, you may not, during the term of this Agreement or thereafter, disclose, copy, reproduce, sell or use any such information in any other business or in any manner not specifically authorized or approved in advance in writing by us any Confidential Information.

More Definitions of Principal Owners

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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.

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 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 into this Agreement. M. "OTHER OWNER(S)" shall mean the person(s) named as Other Owner(s) in the Final Article of this Agreement who will not be involved in the operation or management of Dealer. N. "EXECUTIVE MANAGER" shall mean the person named as Executive Manager in the Final Article of this Agreement upon whose personal qualifications, expertise, reputation, integrity, experience, ability and representations that he or she shall devote his or her full-time efforts to and have full managerial authority and responsibility for the day-to-day management and performance of Dealer, Seller has relied in entering into this Agreement. O. "SUCCESSOR ADDENDUM" shall mean the Successor Addendum, if any, executed by Seller and Dealer pursuant to Section 13 of this Agreement. P. "GUIDES" OR "STANDARDS" shall mean such reasonable criteria as may be established by Seller for Authorized Infiniti Dealers from time to time under its standard procedures with respect to Dealership Operations including, without limitation, such matters as dealership facilities, tools, equipment, financing, capitalization, inventories, systems operations and personnel. The execution of this Agreement or of any addenda hereto (including without limitation any Dealership Facilities Addendum) shall not, however, be construed as evidence of Dealer's fulfillment of or compliance with said Guides or Standards or of Dealer's fulfillment of its responsibilities under this Agreement. Q. "WARRANTY MANUAL" shall mean the publication or publications of Seller, as the same may from time to time be amended, revised or supplemented, which set forth Seller's policies and procedures concerning the administration of Seller's warranties and related matters. R. "INFINITI ▇▇▇▇(S)" shall mean those trademarks, service marks, names, logos and designs that Seller may, from time to time, use or authorize for use by Dealer in connection with Infiniti Products or Dealership Operations including, without limitation, the name "Infiniti". S. "SELLER'S MANUALS OR INSTRUCTIONS" shall mean those bulletins, manuals, programs or instructions issued by Seller to all Authorized 1 <PAGE> Infiniti Dealers advising them of Seller's policies or procedures un...

Principal Owners means, with respect to a legal entity: (a) 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 legal entity; and (b) one individual with significant responsibility for managing the legal entity, 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 means the person or persons identified in this Franchise Agreement as the person or persons who have primary responsibility for performance of your obligations under this Agreement.

Principal Owners. Each person or entity designated as a Principal Owner in Exhibit E of this Agreement.