Examples of Substantial Owner in a sentence
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.
No Substantial Owner has been declared in arrearage on his or her child support obligations by the Circuit Court of Cook County or by another Illinois court of competent jurisdiction.
The Circuit Court of Cook County or another Illinois court of competent jurisdiction has issued an order declaring one or more Substantial Owners in arrearage on their child support obligations and: (1) at least one such Substantial Owner has not entered into a court-approved agreement for the payment of all such child support for the payment of all such child support owed; or both (1) and (2).