Substantial Owner definition

Substantial Owner means any person or persons who own or hold a twenty-five percent (25%) or more percentage of interest in any business entity seeking a FPDCC Privilege, including those shareholders, general or limited partners, beneficiaries and principals; except where a business entity is an individual or sole proprietorship, Substantial Owner means that individual or sole proprietor.

Substantial Owner means any person or persons who own or hold a twenty-five percent (25%) or more percentage of interest in any business entity seeking a County Privilege, including those shareholders, general or limited partners, beneficiaries and principals; except where a business entity is an individual or sole proprietorship, Substantial Owner means that individual or sole proprietor. All Persons/Substantial Owners are required to complete this affidavit and comply with the Cook County Wage Theft Ordinance before any Contract is awarded. Signature of this form constitutes a certification the information provided below is correct and complete, and that the individual(s) signing this form has/have personal knowledge of such information. County reserves the right to request additional information to verify veracity of informationcontained in this Affidavit.

Substantial Owner means any individual entitled to more than 10% of the profits of or with an interest of more than 10% in an entity, directly or indirectly.

Examples of Substantial Owner in a sentence

• Notwithstanding, a trust, whereby the person creating the trust is treated as the Substantial Owner of the Trust pursuant to the provisions of Section 671, and the following related sections of the Internal Revenue Code of 1986, as amended, may be eligible to become a Shareholder of the Mutual, if approved by the Mutual as set forth herein.

• For purposes of this part, "Substantial Owner" means any individual who, directly or indirectly, owns or holds a 10% or more interest in the Undersigned.

• The Assessor shall obtain an affidavit or certification from every Person and Substantial Owner (as defined in Part I, Chapter 34, Article V, Section 34-367of the Cook County Code) who seeks a property tax incentive from the County as noted in Division 2 of this Article certifying that the Person or Substantial Owner (as defined in Part I, Chapter 34, Article V, Section 34-367of the Cook County Code) has not violated the statutory provisions identified in Subsection (a) of this Section.

• Other factors that the Person or Substantial Owner believe are relevant.The CPO shall review the documentation submitted, make any inquiries deemed necessary, request additional documentation where warranted and determine whether a reduction or waiver is appropriate.

• YES or NO No Other factors that the Person or Substantial Owner believe are relevant.

More Definitions of Substantial Owner

Substantial Owner means any person or persons who own or hold a twenty-five\ percent (25%) or more percentage of interest in any business entity seeking a County Privilege, including those shareholders, general or limited partners, beneficiaries and principals; except where a business entity is an individual or sole proprietorship, Substantial Owner means that individual or sole proprietor.All Applicants/Substantial Owners are required to complete this affidavit and comply with the Child Support Enforcement Ordinance before any privilege is granted. Signature of this form constitutes a certification the information provided below is correct and complete, and that the individual(s) signing this form has/have personal knowledge of such information. Privilege Information:Contract #: County Department:Business Entity Information (INCLUDES CORPORATE APPLICANT AND CORPORATE SUBSTANTIAL OWNERS):Business Entity Name:Street Address: City:State: Zip: Phone #:Individual Applicant and Individual Substantial Owner Information (If Applicable):Last name: First Name: MI: SS# (Last Four Digits): Date of Birth: Street Address: City: State: Zip: Home Phone: ( ) - Driver’s License No: Child Support Obligation Information: The Applicant, being duly sworn on oath or affirmation hereby states that to the best of my knowledge (place an “X” next to “A”, “B”, or

Substantial Owner means any:

Substantial Owner means the holder of any of the following:

Substantial Owner means any individual or individual shareholder of an entity entitled to more than 10% of the profits of or with an interest of more than 10% in an entity either directly or indirectly.)

Substantial Owner means a person who, after the investment, has

Substantial Owner has the meaning given in clause 10.3(a)(iii).

Substantial Owner means any individual who, directly or indirectly, owns or holds a 10% or more interest in the Undersigned. Note: This may include individuals disclosed in Section One (Disclosure of Ownership Interests), and individuals disclosed in an EDS filed by an entity holding an interest in the Applicant. If the Undersigned’s response below is #1 or #2, then all of the Undersigned’s Substantial Owners must remain in compliance with any such child support obligations until the Matter is completed. Failure of the Undersigned’s Substantial Owners to remain in compliance with their child support obligations in the manner set forth in either #1 or #2 constitutes an event of default. Check one: