Common use of Definition of a Party in Interest Clause in Contracts

Definition of a Party in Interest. As defined in §1318(b) of the Public Health Service Act, a party in interest is:  Any director, officer, partner or employee responsible for management or administration of an HMO; any person who is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the HMO; any person who is the beneficial owner of a mortgage, deed of trust, note or other interest secured by, and valuing more than five percent (5%) of the HMO; and, in the case of an HMO organized as a nonprofit corporation, an incorporator or member of such corporation under applicable state corporation law;  Any entity in which a person described in the paragraph above is director or officer; is a partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the HMO; or has a mortgage, deed of trust, note or other interest valuing more than five percent (5%) of the assets of the HMO;  Any person directly or indirectly controlling, controlled by or under common control with a HMO; and  Any spouse, child or parent of an individual described above.

Appears in 4 contracts

Samples: Contract, Contract, Contract #0000000000000000000018225

AutoNDA by SimpleDocs

Definition of a Party in Interest. As defined in §1318(b) of the Public Health Service Act, a party in interest is: Any director, officer, partner or employee responsible for management or administration of an HMO; any person who is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the HMO; any person who is the beneficial owner of a mortgage, deed of trust, note or other interest secured by, and valuing more than five percent (5%) of the HMO; and, in the case of an HMO organized as a nonprofit corporation, an incorporator or member of such corporation under applicable state corporation law; Any entity in which a person described in the paragraph above is director or officer; is a partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the HMO; or has a mortgage, deed of trust, note or other interest valuing more than five percent (5%) of the assets of the HMO; Any person directly or indirectly controlling, controlled by or under common control with a an HMO; and Any spouse, child or parent of an individual described above.

Appears in 3 contracts

Samples: Contract for Providing Risk Based Managed Care Services, Contract, Contract

Definition of a Party in Interest. As defined in §1318(b) of the Public Health Service Act, a party in interest is: Any director, officer, partner or employee responsible for management or administration of an HMO; any person who is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the HMO; any person who is the beneficial owner of a mortgage, deed of trust, note or other interest secured by, and valuing more than five percent (5%) of the HMO; and, in the case of an HMO organized as a nonprofit corporation, an incorporator or member of such corporation under applicable state corporation law; Any entity in which a person described in the paragraph above is director or officer; is a partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the HMO; or has a mortgage, deed of trust, note or other interest valuing more than five percent (5%) of the assets of the HMO; Any person directly or indirectly controlling, controlled by or under common control with a an HMO; and Any spouse, child or parent of an individual described above.

Appears in 3 contracts

Samples: Contract, Contract Amendment, Contract

Definition of a Party in Interest. As defined in §1318(b) of the Public Health Service Act, a party in interest is: Any director, officer, partner or employee responsible for management or administration of an HMO; any person who is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the HMO; any person who is the beneficial owner of a mortgage, deed of trust, note or other interest secured by, and valuing more than five percent (5%) of the HMO; and, in the case of an HMO organized as a nonprofit corporation, an incorporator or member of such corporation under applicable state corporation law; Any entity in which a person described in the paragraph above is director or officer; is a partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the HMO; or has a mortgage, deed of trust, note or other interest valuing more than five percent (5%) of the assets of the HMO; Any person directly or indirectly controlling, controlled by or under common control with a an HMO; and Any spouse, child or parent of an individual described above.. EXHIBIT 1.A. SCOPE OF WORK

Appears in 2 contracts

Samples: Contract, Contract

AutoNDA by SimpleDocs

Definition of a Party in Interest. As defined in §1318(b) of the Public Health Service Act, a party in interest is: Any director, officer, partner or employee responsible for management or administration of an HMO; any person who is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the HMO; any person who is the beneficial owner of a mortgage, deed of trust, note or other interest secured by, and valuing more than five percent (5%) of the HMO; and, in the case of an HMO organized as a nonprofit corporation, an incorporator or member of such corporation under applicable state corporation law; Any entity in which a person described in the paragraph above is director or officer; is a partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the HMO; or has a mortgage, deed of trust, note or other interest valuing more than five percent (5%) of the assets of the HMO; Any person directly or indirectly controlling, controlled by or under common control with a an HMO; and EXHIBIT 1 SCOPE OF WORK • Any spouse, child or parent of an individual described above.

Appears in 2 contracts

Samples: Professional Services, Professional Services

Definition of a Party in Interest. As defined in §1318(b) of the Public Health Service Act, a party in interest is:  Any director, officer, partner or employee responsible for management or administration of an HMO; any person who is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the HMO; any person who is the beneficial owner of a mortgage, deed of trust, note or other interest secured by, and valuing more than five percent (5%) of the HMO; and, in the case of an HMO organized as a nonprofit corporation, an incorporator or member of such corporation under applicable state corporation law;  Any entity in which a person described in the paragraph above is director or officer; is a partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the HMO; or has a mortgage, deed of trust, note or other interest valuing more than five percent (5%) of the assets of the HMO;  Any person directly or indirectly controlling, controlled by or under common control with a an HMO; and EXHIBIT 1 SCOPE OF WORK  Any spouse, child or parent of an individual described above.

Appears in 1 contract

Samples: Professional Services

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!