Substantial business relationship definition

Substantial business relationship means the extent of a business relationship necessary under applicable state law to make a guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued "incident to that relationship" if it arises from and depends on existing economic transactions between the guarantor and the owner or operator.
Substantial business relationship means the extent of a business relationship necessary under applicable Tennessee law to make a guarantee contract issued incident to that relationship valid and enforceable. A “substantial business relationship” must arise from a pattern of recent or ongoing business transactions, in addition to the guarantee itself, such that a currently existing business relationship between the guarantor and the owner or operator is demonstrated to the satisfaction of the Commissioner.
Substantial business relationship means the extent of a business rela- tionship necessary under applicable State law to make a guarantee con- tract issued incident to that relation- ship valid and enforceable. A ‘‘sub- stantial business relationship’’ must arise from a pattern of recent or ongo- ing business transactions, in addition to the guarantee itself, such that a cur- rently existing business relationship between the guarantor and the owner or operator is demonstrated to the sat- isfaction of the applicable EPA Re- gional Administrator.[47 FR 16558, Apr. 16, 1982, as amended at 51FR 16456, May 2, 1986; 53 FR 33959, Sept. 1,1988]§ 265.142 Cost estimate for closure.(a) The owner or operator must have a detailed written estimate, in current dollars, of the cost of closing the facil- ity in accordance with the require- ments in §§ 265.111 through 265.115 and applicable closure requirements in§§ 265.197, 265.228, 265.258, 265.280, 265.310,265.351, 265.381, 265.404, and 265.1102.

Examples of Substantial business relationship in a sentence

  • Substantial business relationship means the extent of a business relationship necessary under applicable state law to make a guarantee contract issued incident to that relationship valid and enforceable.

  • Substantial business relationship" means the extent of a business relationship necessary under applicable state law to make a guarantee contract issued incident to that relationship valid and enforceable.

  • Substantial business relationship means the extent of a business relationship necessary under applicable State law to make a guarantee contract issued incident to that relationship valid and enforceable.

  • In addition, a substantial family relationship exists between an individual and his or her former spouse with regard to the transfer of an interest in a life insurance contract to (or in trust for the benefit of) that former spouse incident to divorce.(2) Substantial business relationship.

  • Substantial business relationship" means a business relationship that arises from a pattern of recent or ongoing business transactions.


More Definitions of Substantial business relationship

Substantial business relationship means the extent of a business relationship necessary under Wisconsin law to make a guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued incident to that rela- tionship if it arises from and depends on current economic transac- tions between the guarantor and the owner or operator.
Substantial business relationship means the extent of a business rela- tionship necessary under applicable State law to make a guarantee con- tract issued incident to that relation- ship valid and enforceable. A ‘‘sub- stantial business relationship’’ must arise from a pattern of recent or ongo- ing business transactions, in addition to the guarantee itself, such that a cur- rently existing business relationship between the guarantor and the owner or operator is demonstrated to the sat- isfaction of the applicable EPA Re- gional Administrator.[47 FR 16554, Apr. 16, 1982, as amended at 51FR 16447, May 2, 1986; 53 FR 33950, Sept. 1,1988]§ 264.142 Cost estimate for closure.(a) The owner or operator must have a detailed written estimate, in current dollars, of the cost of closing the facil- ity in accordance with the require- ments in §§ 264.111 through 264.115 and applicable closure requirements in§§ 264.178, 264.197, 264.228, 264.258, 264.280,264.310, 264.351, 264.601 through 264.603,and 264.1102.
Substantial business relationship means the extent of a business relationship necessary under applicable state law to make a guarantee contract issued incident to that relationship valid and enforceable. A “substantial business relationship” must arise from a pattern of recent or ongoing business transactions, in addition to the guarantee itself, such that the Agency can reasonably determine that a substantial business relationship currently exists between the guarantor and the owner or operator that is adequate consideration to support the obligation of the guarantee relating to any liability towards a third-party. “Applicable state law”, as used in this subsection (h), means the laws of the State of Illinois and those of any sister state that govern the guarantee and the adequacy of the consideration.
Substantial business relationship means a pattern of recent or ongoing business transactions to the extent that a guaranty contract issued incident to that relationship is valid and enforceable.
Substantial business relationship means the extent of a business relationship necessary under Wisconsin law to make a guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued incident to that rela-
Substantial business relationship means the extent of a business relationship necessary under applicable State law to make a guarantee contract issued incident to that relationship valid and enforceable. A ‘‘substantial business relationship’’ must arise from a pattern of recent or ongoing business transactions, in addition to the guarantee itself, such that a currently existing business relationship between the guarantor and the owner or operator is demonstrated to the satisfaction of the applicable EPA Regional Administrator.§ 267.142 Cost estimate for closure.(a) The owner or operator must have at the facility a detailed written estimate, in current dollars, of the cost of closing the facility in accordance with the requirements in §§ 267.111 through 267.115 and applicable closure requirements in §§ 267.176, 267.201, 267.1108.
Substantial business relationship means the extent of a business rela- tionship necessary under applicable State law to make a guarantee con- tract issued incident to that relation- ship valid and enforceable. A ‘‘sub- stantial business relationship’’ must arise from a pattern of recent or ongo- ing business transactions, in addition to the guarantee itself, such that a cur- rently existing business relationship between the guarantor and the owner or operator is demonstrated to the sat- isfaction of the applicable EPA Re- gional Administrator.[47 FR 16558, Apr. 16, 1982, as amended at 51FR 16456, May 2, 1986; 53 FR 33959, Sept. 1,1988]