Principal equity owner definition

Principal equity owner means any person (or group of persons
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Principal equity owner means any person (or group of persons acting in concert) who owns or controls 25 percent 10 percent or more of any class of equity interest in the applicant.
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Examples of Principal equity owner in a sentence

  • This Manual contains only the standing instructions of local nature issued by the Pr. Accountant General and non manulised orders of Headquarters relating to matters of Administration and Office Establishment branches of this office.

  • Sponsor Principal equity owner and/or primary decision maker of the Borrower (often the Key Principal or the Person Controlling the Key Principal).

Related to Principal equity owner

  • Equity Ownership means the percentage ownership and control, exercised by individuals within an enterprise.

  • Equity Investors means the Sponsors and the Management Stockholders.

  • Equity Member means (a) each entity with a direct interest in the Proposer (whether as a member, partner, joint venture member, or otherwise), (b) each entity proposed to have a direct interest in Developer (whether as a member, partner, joint venture member, or otherwise), and (c) each entity that will have an indirect interest in the Proposer or Developer through one or more intermediaries. Notwithstanding the foregoing, if the Proposer is a publicly traded company, shareholders with less than a 10% interest in the Proposer shall not be considered Equity Members.

  • securitisation special purpose entity or ‘SSPE’ means a corporation trust or other entity, other than an institution, organised for carrying out a securitisation or securitisations, the activities of which are limited to those appropriate to accom­ plishing that objective, the structure of which is intended to isolate the obligations of the SSPE from those of the originator institution, and in which the holders of the beneficial interests have the right to pledge or exchange those interests without restriction;

  • Sales finance company means that term as defined in section 2 of the motor vehicle sales finance act, MCL 492.102.

  • Public-private partnership means an arrangement or agreement, occurring on or after January 1, 2017, between a procurement unit and one or more contractors to provide for a public need through the development or operation of a project in which the contractor or