Principally Engaged definition

Principally Engaged means, as of any date, which respect to any particular business in which a Person may be engaged, that the value of the assets of such business on such date, calculated in accordance with GAAP, is at least 51% of the value on such date of all of the business assets of such Person on such date.
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Principally Engaged will mean engaged on a function or task for more than 50% of their total ordinary hours.
Sample 1
Principally Engaged means, for purposes of this subsection, that premiums from the North American life reinsurance business account for at least thirty-five percent (35%) of aggregate annual revenue of the subject business.
Sample 1

Examples of Principally Engaged in a sentence

  • It shall not be Principally Engaged in any businesses other than the acquisition, ownership, development, construction, leasing, financing or management, directly or through Affiliates, of Multifamily Residential Properties, and the conduct of these businesses shall not violate the Organizational Documents pursuant to which it is formed.

  • It shall not be ----------------- Principally Engaged in any businesses other than the acquisition, ownership, development, construction, leasing, financing or management, directly or through Affiliates, of Multifamily Residential Properties, and the conduct of these businesses shall not violate the Organizational Documents pursuant to which it is formed.

  • On the Initial Closing Date, it is not Principally Engaged in any businesses other than the acquisition, ownership, development, construction, leasing, financing or management of Multifamily Residential Properties, and the conduct of these businesses does not violate the Organizational Documents pursuant to which it is formed.

  • On the date hereof, it is ----------------- not Principally Engaged in any businesses other than the acquisition, ownership, development, construction, leasing, financing or management of Multifamily Residential Properties, and the conduct of these businesses does not violate the Organizational Documents pursuant to which it is formed.


More Definitions of Principally Engaged

Principally Engaged means that premiums from the business reinsured by Buyer under the Reinsurance Agreements in the United States account for at least twenty-five percent (25%) of aggregate annual revenue of the subject business.
Sample 1
Principally Engaged means any Person (i) that derives at least 75% of its total income from the Restricted Business in the Restricted Territory or (ii) whose total assets employed in the Restricted Business in the Restricted Territory are 25% or more of such Person’s total consolidated assets.
Sample 1
Principally Engaged means, as of any specified date, with respect to any business in which a Person may be engaged, that the value of the assets of such business, calculated in accordance with GAAP, is at least 51% of the value of all of the business assets of the businesses in which the Person is engaged.
Sample 1
Principally Engaged means at least 51% of the purchaser’s business must involve manufacturing or smelting operations.
Sample 1

Related to Principally Engaged

  • Principally Above Ground means that at least 51% of the actual cash value of the structure is above ground.

  • Historically Underutilized Business or “HUB” means a minority or women-owned business as defined by Texas Government Code, Chapter 2161.

  • Separate Business means each of the activities of the Licensee connected

  • Prohibited Business shall be defined as any business and any branch, office or operation thereof, which is a primary competitor of the Company with respect to the Business wherever the Company does business, in North America or abroad.

  • Operated means the activity of being involved in the day to day management of a business.

  • Controlled unaffiliated business means a company:

  • Primarily means 50 percent or more of the time.

  • Related Business means any business that is related, ancillary or complementary to the businesses of the Company and the Restricted Subsidiaries on the Issue Date.

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;

  • Sexually oriented business means an adult arcade, adult bookstore or adult video store, adult cabaret, adult motel, adult motion picture theater, adult theater, escort agency, nude model studio, or sexual encounter center.

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Authorized business means 1 of the following:

  • Restricted Business has the meaning set forth in Section 6.7(a).

  • Financially Evaluated Entity means the company which has been evaluated for the satisfaction of the financial requirement set forth in Clause 2.1.3 hereof;

  • IMPORTANT means the feature is a high priority for the applicant(s). ‘Not Important’ means it is not of high priority to the applicant(s). ‘Don’t Want’ should be selected where the applicant(s) expressly do not want the feature.

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Developing means to engage in Development and “Developed” has a corresponding meaning.

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • Permitted Business means any business in which the Company or its Restricted Subsidiaries are engaged on the date of this Indenture and any other business related, incidental, complementary or ancillary thereto, and any unrelated business to the extent that it is not material in size as compared with the Company and its Restricted Subsidiaries’ business as a whole.

  • Female owned business means a business concern which is at least 51% owned by one or more women, or, in the case of a corporation, at least 51% of the stock in which is owned by one or more women; and the management and daily business operations of which are controlled by one or more of the women who own it.

  • Established business relationship means a relationship between a seller and a consumer based on:

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Qualified business facility means any building, complex of

  • Women-owned business means a business that is at least 51 percent owned by one or more women who are U.S. citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest is owned by one or more women who are U.S. citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more women.

  • Woman owned business means a woman owned business that is a continuing, independent, for profit business which performs a commercially useful function, and is at least fifty-one percent (51%) owned and controlled by one or more women; or, in the case of any publicly owned business, at least fifty-one percent (51%) of the stock of which is owned and controlled by one (1) or more women and whose management and daily business operations are under the control of one (1) or more women.