Equity Applicant definition

Equity Applicant means an Applicant whose ownership/owner:
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Equity Applicant means an individual who has lived for at least five of the last ten years in specified [census tracts or zip codes] of the [City/County] most affected by high incarceration rates for drug related offenses or in a Target Area Contract Preference Act (TACPA) qualified zone. Equity applicants should individually, or as a group of eligible applicants, control at least 51% of the business.
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Equity Applicant means an individual who has lived for at least five of the last ten years in specified [census tracts or zip codes] of the [City/County] most affected by high incarceration rates for drug related offenses or in a Target Area Contract Preference Act (TACPA) qualified zone. Equity applicants should individually, or as a group of eligible applicants, control at least 51% of the business. Option: An Equity Applicant is a resident of [City/County] who has an annual income below 200% of the Federal Poverty Level and net worth below $250,000 AND either has been convicted of a drug related crime (excluding individuals with (A) A violent felony conviction, as specified in subdivision (c) of Section 667.5 of the Penal Code; (B) A serious felony conviction, as specified in subdivision (c) of Section 1192.7 of the Penal Code; or (C) A felony conviction involving fraud, deceit, or embezzlement) committed in [City/County] OR has lived for seven of the last twenty years in police beats/census tracts that experienced a disproportionately higher amount of law enforcement with respect to cannabis. Equity applicants should individually, or as a group of eligible applicants, control at least 51% of the business. [NB: Adapted from Oakland system and Sacramento proposal].
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Examples of Equity Applicant in a sentence

  • In the Initial Permitting Phase, a General Applicant will receive the next available General Applicant permit if it serves as an Equity Incubator by providing free real estate or rent to an Equity Applicant who obtains a cannabis permit.

  • Prior to submitting a cannabis application as an Equity Applicant, the business needs approval from the Office of Cannabis Oversight.

  • Yearly Reporting - Local Equity Applicants operators and the natural person(s) who claim Local Ownership in a Local Equity Applicant operator will be required to certify under penalty of perjury that a minimum of 40% of the ownership of the business is owned by one or more City of Oxnard residents.

  • A minimum of 40% of Local Ownership is required for all applicants who applied as a Local Equity Applicant and who obtained a Commercial Cannabis Business Permit and/or the Special Use Permit based upon the local equity status.

  • Local Ownership shall not fall below 40%, at any time while the Commercial Cannabis Business Permit and/or the Special Use Permit originally issued to a Local Equity Applicant is in effect.

  • A borrower shall provide, at least quarterly, information and reports required by the Department (e.g., reports on job creation/retention; uses of proceeds; financial statement of assets and liabilities; statements of status as a Qualified Social Equity Applicant; and changes in owners, officers and directors).

  • The amount of funding available to a Business Applicant, the repayment terms, the applicable interest rates, and other terms will be determined after the Business Applicant is verified to be a Qualified Social Equity Applicant.

  • If the Business Applicant has at least 10 full-time employees at the time of its application, it may be considered a Social Equity Applicant if at least 51% of its full-time employees reside in a Disproportionately Impacted Area or have been arrested for, convicted of, or adjudicated delinquent for any offense that is eligible for expungement under the CI Act or a member of an impacted family.

  • The fee is $5,000 or, if the Applicant qualifies as a Social Equity Applicant, $2,500.

  • Seed that is damaged or cracked can also have an affect on marketability.(Different grade names and determiants are listed online atwww.grainscanada.gc.ca/oggg-gocg/15/oggg-gocg-15f-eng.htm)To meet the highest grade there must good natural colour, no more than 0.5 per cent of other classes and no more than2.0 per cent bleached seed for a total of less than 2.0 per cent.


More Definitions of Equity Applicant

Equity Applicant means an individual who meets the criteria in Section 5.92.1620.A.
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Related to Equity Applicant

  • Co-Applicant means an employer or potential employer.

  • Job applicant means a person, independent contractor, or person working for an independent contractor who applies to become an employee of the school district in a position that does not require a commercial driver’s license, and includes a person who has received a job offer made contingent on the person’s passing drug or alcohol testing. Job applicants for positions requiring a commercial driver’s license are governed by the provisions of the school district’s drug and alcohol testing policy relating to school bus drivers (Section III.).

  • Project applicant means the person submitting a Landscape Documentation Package required under Section 2.1 to request a permit, plan check, or design review from the local agency. A project applicant may be the property owner or his or her designee.

  • Uniform business entity application means the current version of the NAIC Uniform Business Entity Application for resident and nonresident business entities.

  • Qualified applicant means an owner or lessee of a qualified

  • Objective medical evidence means reports of examinations or treatments; medical signs which are anatomical, physiological, or psychological abnormalities that can be observed; psychiatric signs which are medically demonstrable phenomena indicating specific abnormalities of behavior, affect, thought, memory, orientation, or contact with reality; or laboratory findings which are anatomical, physiological, or psychological phenomena that can be shown by medically acceptable laboratory diagnostic techniques, including but not limited to chemical tests, electrocardiograms, electroencephalograms, X-rays, and psychological tests;

  • Applicant shall have the meaning given to such term in Section 5.10.

  • Documentary evidence means any matter expressed or described upon any substance by means of letters, figures or marks intended to be used for the recording of that matter and produced before a court.

  • Free appropriate public education means special education and related services that are provided at public expense and under public supervision and direction, and without charge, meet the standards of the Department of Public Instruction, include an appropriate preschool, elementary or secondary school education; and are provided in conformity with an IEP.

  • Senior Management Team means at any particular time the Chief Executive Officer and President of the Company.

  • Requisition Compensation includes all compensation or other moneys payable by reason of any act or event such as is referred to in paragraph (b) of the definition of “Total Loss”;

  • School-sponsored media means all student media that are:

  • Eligible applicant means a school district, joint

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Information Commissioner means the UK Information Commissioner and any successor;

  • Documentary Letter of Credit means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment of goods purchased by the Borrower or a Guarantor in the ordinary course of its business.

  • Financial Sponsor means any Person, including any Subsidiary of such Person, whose principal business activity is acquiring, holding, and selling investments (including controlling interests) in otherwise unrelated companies that each are distinct legal entities with separate management, books and records and bank accounts, whose operations are not integrated with one another and whose financial condition and creditworthiness are independent of the other companies so owned by such Person.

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

  • Expatriate Personnel means such persons who at the time of being so hired had their domicile outside India;

  • Key Managerial Personnel (KMP) means Key Managerial Personnel as defined in sub-section (51) of section 2 of the Companies Act, 2013 i.e.-

  • Documentary draft means a draft to be presented for acceptance or payment if specified documents, certificated securities as defined in section 8102 or instructions for uncertificated securities as defined in section 8102, or other certificates, statements, or the like are to be received by the drawee or other payor before acceptance or payment of the draft.

  • Legislative Leadership Committee means a committee established, authorized to be established, or designated by the President of the Senate, the Minority Leader of the Senate, the Speaker of the General Assembly, or the Minority Leader of the General Assembly pursuant to N.J.S.A. 19:44A-10.1 for the purpose of receiving contributions and making expenditures.

  • Seattle Human Resources Director means the director of the Seattle Department of Human Resources or his or her designated management representative.

  • Named Executive Officer or “NEO” means each of the following individuals:

  • Key Managerial Personnel (KMP) means

  • Named Executive Officers or “NEOs” means the following individuals: