Substantial Owner definition

Substantial Owner means any person or persons who own or hold a twenty-five percent (25%) or more percentage of interest in any business entity seeking a County Privilege, including those shareholders, general or limited partners, beneficiaries and principals; except where a business entity is an individual or sole proprietorship, Substantial Owner means that individual or sole proprietor.

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Substantial Owner means any individual entitled to more than 10% of the profits of or with an interest of more than 10% in an entity, directly or indirectly.

Substantial Owner means any:

Examples of Substantial Owner in a sentence

• YES or NO No Other factors that the Person or Substantial Owner believe are relevant.

• Notwithstanding, a trust, whereby the person creating the trust is treated as the Substantial Owner of the Trust pursuant to the provisions of Section 671, and the following related sections of the Internal Revenue Code of 1986, as amended, may be eligible to become a Shareholder of the Mutual, if approved by the Mutual as set forth herein.

• For purposes of this section, “Substantial Owner” means any person who owns or holds a ten percent (10%) or more percentage of interest in Vendor; where Vendor is an individual or sole proprietorship, Substantial Owner means that individual or sole proprietor.

• A Connected Person may include a guarantor, a director, or officer of a company or an authorised signatory; partners or members of a partnership; a Substantial Owner, Controlling Person, or beneficial owner; trustee, settler or protector of a trust; account holder of a designated account; a payee of a designated payment; or other persons or entities with whom Customer has a relationship relevant to Customer's relationship with the HSBC Group.

• If Person/Substantial Owner answered “Yes” to any of the questions above, it may request a reduction or waiver in accordance with Section 34-179(d), provided that the request for reduction of waiver is made on the basis of one or more of the following actions that have taken place: No There has been a bona fide change in ownership or Control of the ineligible Person or Substantial Owner.

More Definitions of Substantial Owner

Substantial Owner means the holder of any of the following:

Substantial Owner means a person who, after the investment, has

Substantial Owner means any person or persons who own or hold a twenty-five percent (25%) or more percentage of interest in any business entity seeking a County Privilege, including those shareholders, general or limited partners, beneficiaries and principals; except where a business entity is an individual or sole proprietorship, Substantial Owner means that individual or sole proprietor. All Persons/Substantial Owners are required to complete this affidavit and comply with the Cook County Wage Theft Ordinance before any Contract is awarded. Signature of this form constitutes a certification the information provided below is correct and complete, and that the individual(s) signing this form has/have personal knowledge of such information. County reserves the right to request additional information to verify veracity of information

Substantial Owner has the meaning given in clause 10.3(a)(iii).

Substantial Owner means (a) with respect to a corporate or entity, certain persons that directly or indirectly own more than 25% of the corporation’s stock (by vote or value), (b) with respect to a partnership, certain persons that directly or indirectly own more than 25% of the profits or capital interests in the partnership, and (c) with respect to a trust, certain persons treated as the owner of the trust or treated as holding directly or indirectly more than 25% of the beneficial interests of the trust. A “Controlling Person” means any individual who exercises ultimate effective control over an entity or trust. For CRS, a Relevant Person refers to the Cardmember and/or a “Controlling Person”, which means any natural person who exercises control over a legal person or a legal arrangement, such as a corporation, partnership, trust or foundation. For a trust, such term means the settlor, the trustees, the protector (if any), the beneficiaries or class of beneficiaries, and any other natural person exercising ultimate effective control over the trust. For a legal arrangement other than a trust, such term means persons in equivalent or similar positions. The term “Controlling Person” must be interpreted in a manner consistent with the Financial Action Task Force Recommendations. Where no natural person(s) is/are identified as exercising control of the entity through ownership interests, the controlling person of the entity is deemed to be the natural person who holds the position of senior managing official. Sebagai ▇▇▇▇▇▇▇ ▇▇▇▇ OCBC BANK (MALAYSIA) BERHAD [No. Syarikat. 199401009721 (295400-W)] (Selepas ini dipanggil “Bank tersebut”) yang bersetuju untuk mengeluarkan Kad Kredit (sepertimana yang ditakrifkan di sini selepas ini) kepada individu yang dinamakan (selepas ini dipanggil “Ahli Kad”) pada Kad Kredit atas permintaan Ahli Kad, Ahli Kad dengan ini bersetuju, berwaad ▇▇▇ mengakujanji bahawa dengan menandatangani di atas ▇▇▇/atau penggunaan Kad Kredit akan merupakan penerimaan oleh Ahli Kad akan terma-terma serta syarat-syarat yang berikut:-

Substantial Owner means (1) with respect to a corporate or entity, certain persons that directly or indirectly own more than 25% of the corporation's stock (by vote or value),

Substantial Owner means any individual who, directly or indirectly, owns or holds a 10% or more interest in the Undersigned. Note: This may include individuals disclosed in Section One (Disclosure of Ownership Interests), and individuals disclosed in an EDS filed by an entity holding an interest in the Applicant. If the Undersigned’s response below is #1 or #2, then all of the Undersigned’s Substantial Owners must remain in compliance with any such child support obligations until the Matter is completed. Failure of the Undersigned’s Substantial Owners to remain in compliance with their child support obligations in the manner set forth in either #1 or #2 constitutes an event of default.