For-Profit” Entities. (a) This Paragraph applies to Grantees that are “for-profit” entities.
For-Profit” Entities. If the applicant submitting this Application (“Applicant”) is a for-profit, i.e., general partnership, limited partnership, corporation, limited liability company, R.E.L.T., a trust, or any other form of for-profit business entity, the authorized representative of the Applicant must list below the respective names and business or home addresses of all persons or entities which own 10% or more of the ownership interests in the Applicant. (If another business entity owns 10% or more of the ownership interests in the Applicant, all persons owning a 10% or more interest in such last mentioned entity must be identified by name and business or home address.) (If a trust owns a 10% or more interest in the Applicant, all beneficiaries of 10% or more of the trust assets must be identified by name and business or home address.) The amount of ownership interest does not have to be disclosed. Applicant: _ _ Persons or Entities Owning 10% or More of the Ownership Interests of the Applicant: Name Business or Home Address
For-Profit” Entities. If the owner and any lessee of the land which is the subject of this Application (“Owner and Lessee”) is a for-profit entity, i.e., general partnership, limited partnership, corporation, limited liability company, R.E.L.T., a trust, or any other form of for-profit business entity, the authorized representative of the Owner and Lessee must list below the respective names and business or home addresses of all persons or entities which own 10% or more of the ownership interests in the Owner and Lessee. (If another business entity owns 10% or more of the ownership interests in the Owners and Lessee, all persons owning a 10% or more interest in such last mentioned entity must be identified by name and business or home address.) (If a trust owns a 10% or more interest in the Owner and Lessee, all beneficiaries of 10% or more of the trust assets must be identified by name and business or home address.) The amount of ownership interest does not have to be disclosed. Owner and Lessee: Persons or Entities Owning 10% or More of the Ownership Interests of the Owner and Lessee: Name Business or Home Address
For-Profit” Entities. A for-profit entity that expends $750,000 or more in Federal funds during its fiscal year is required to have a program-specific audit conducted in accordance with 2 CFR 200.507. A for-profit entity with expenditures less than $750,000 shall follow the applicable standard outlined in sections (B) or (C) above.
For-Profit” Entities. A For‐Profit entity that expends $750,000 or more in Federal Awards (direct federal and federal pass‐through awards combined) during its fiscal year is required to have a Program‐specific audit conducted in accordance with 2 CFR 200.507. The Program‐specific audit must be completed and the reporting required by 2 CFR 200.507 must be submitted to Grantor either within (i) 30 calendar days after receipt of the auditor’s report(s) or (ii) nine months after the end of the audit period, whichever is earlier. A For‐Profit entity that expends less than $750,000 in Federal Awards during its fiscal year, but receives between $300,000 and $499,999 in Federal and State Awards combined must have a financial statement audit conducted in accordance with Generally Accepted Auditing Standards (GAAS); a For‐Profit entity that expends between $500,000 and $749,999 in Federal and State awards combined must have a financial statement audit conducted in accordance with Generally Accepted Government Auditing Standards (GAGAS). The For‐Profit entity shall submit these financial statement audit reports to Grantor either within (i) 30 calendar days after receipt of the auditor’s report(s) or (ii) 180 calendar days after the end of the audit period, whichever is earlier.
For-Profit” Entities. Each Credit Party conducts its business as a for profit enterprise, and is not and has not filed to be qualified under Section 501(c)(3) of the Code.
For-Profit” Entities. The Grantee shall provide an independent audit report to RUS within 120 days after the as of audit date in accordance with 7 C.F.R. § 1773, Policy on Audits of RUS Borrowers.
For-Profit” Entities. (a) This Paragraph applies to Grantees that are “for-profit” entities.
(b) Program-Specific Audit. If, during its fiscal year, Grantee expends $750,000 or more in federal pass-through funds from State-issued Awards, Grantee must have a program-specific audit conducted in accordance with 2 CFR 200.507. The auditor must audit federal pass-through programs with federal pass-through Awards expended that, in the aggregate, cover at least 50 percent (0.50) of total federal pass-through Awards expended. The audit report packet must be completed as described in 2 CFR 200.507 (program-specific audit), 44 Ill. Admin. Code 7000.90 and the current GATA audit manual, and must be submitted to the Grantee Portal. The due date of all required submissions set forth in this Paragraph is the earlier of (i) thirty (30) calendar days after receipt of the auditor’s report(s) or (ii) nine (9) months after the end of Grantee’s audit period.
For-Profit” Entities. 5.5.7.1 Subrecipient operating as a For-Profit agency must have a negotiated, substantiated, and approved profit rate by the County prior to submission of invoices.
For-Profit” Entities. A “For-Profit entity that” Entities.
(a) This Paragraph applies to Grantees that are “for-profit” entities.
