Principal owner definition

Principal owner means any person who owns, controls, votes or has a beneficial

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Principal owner means, with respect to a legal entity, an individual who directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise, owns at least 25% of the equity interests of the legal entity.

Principal owner means a person that owns, directly or indirectly, of record or beneficially, stock or membership interest representing 10% or more of the outstanding stock or membership interest of a corporation or limited liability company.

Examples of Principal owner in a sentence

• The multiplier must not be applied to the Principal, owner, or partner of the Consultant except where they are preparing drawings or specifications, preparing a study report, or similar tasks.

• During the term of this License Agreement, ownership of “the physical properties” shall continue to be owned by “licensor” and remain at all times the exclusive possession of “licensor” in a climate controlled vault at MG Studios, Longwood, FL and cannot be moved or transferred to any other location without the exclusive written consent of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, Chairman, CEO & President of licensor and ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, Principal owner.

• The multiplier does not apply to the Principal, owner, or partner of the Consultant except where they are preparing drawings or specifications, preparing a study report, or similar tasks.

More Definitions of Principal owner

Principal owner means any person or entity who or that owns, controls, votes, or

Principal owner means any person who, directly or indirectly,

Principal owner means any person who, directly or indirectly, holds a beneficial interest or ownership in an applicant or who has the ability to control an applicant.

Principal owner means, for a business Client, (1) each individual, if any, who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, owns 25 percent or more of the equity interests of the legal entity and (2) one individual with significant responsibility for managing the legal entity listed above, such as an executive officer or senior manager (e.g., Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, Treasurer); or any other individual who regularly performs similar functions.

Principal owner means a person whose name appears on a certificate of number as the primary owner or who is named as managing owner of a Coast Guard documented vessel.

Principal owner means the sole owner of a private security guard company.

Principal owner means an individual, partnership, joint venture or corporation which holds a ten percent or greater ownership interest in a contractor or subcontractor;