True party of interest definition

True party of interest means a person that has 10% or more of a direct or indirect interest in a cannabis laboratory or a cannabis laboratory sampling firm, excluding passive investors, who are those who have less than a 5% direct or indirect interest of a licensee with an aggregateownership interest whose shares are publicly traded, as set forth by the Office in applicable regulations under this Title or under applicable guidance.
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True party of interest means the following:
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True party of interest means an individual who as an individual or as part of another business:
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Examples of True party of interest in a sentence

  • True party of interest means:(1) For an individual or sole proprietorship: the proprietor and spouse.(2) For a partnership and limited liability partnership: all partners and their spouses.

  • Per RCW 66.24.010(1), a liquor license must be issued in the name(s) of the true party(ies) of interest.(1) True parties of interest - For purposes of this title, "true party of interest" means: True party of interest Persons to be qualifiedTrue party of interest Persons to be qualifiedAny entityAny person who is in receipt of, or has the right to receive, more than ten percent of the gross or net sales from the licensed business during any full or partial calendar or fiscal year.

  • The situation is analogous for established medicines, where risks in a highly regulated environment must correspond to potential rewards. The regulator has a responsibility to the patient and to society to assure the sustained availability of quality products to the patient.

  • True party of interest means: (1) For an individual or sole proprietorship: the proprietor andspouse.(2) For a partnership and limited liability partnership: all partners and heir spouses.

  • True party of interest: “True party of interest” means a natural person who is a sole proprietor, owner, officer, director, manager, or general partner of an applicant or a licensee.


More Definitions of True party of interest

True party of interest means a person that has direct or indirect interest in a cannabis laboratory or a cannabis laboratory sampling firm as set forth by the Office in applicable regulations under Title 9 or guidance.
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Related to True party of interest

  • Expression of Interest means a statement of qualifications submitted in response to and according to the terms of this Request for Expressions of Interest;

  • Area of Interest means the area described in Part 2 of Exhibit A.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Secured Tax Claim means any Secured Claim that, absent its secured status, would be entitled to priority in right of payment under section 507(a)(8) of the Bankruptcy Code (determined irrespective of time limitations), including any related Secured Claim for penalties.

  • Assessment lien means a lien on property within an assessment area that arises

  • Fixed Rate of Interest means the rate of interest payable from time to time in respect of a Fixed Rate Note or during the Fixed Interest Rate Period in respect of a Fixed/Floating Rate Note and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.

  • Significant Financial Interest means anything of monetary value, including but not limited to, salary or other payments for services (e.g., consulting fees or honoraria); equity interests (e.g., stocks, stock options or other ownership interests); and intellectual property rights (e.g., patents, copyrights, license agreements, and royalties from such rights). The term does not include:

  • Arrears of Interest means as at any date and in relation to any Mortgage Loan, interest (other than Capitalised Interest or Accrued Interest) on such Mortgage Loan which is currently due and payable on such date;

  • Insolvency Proceedings means, as to any Person, any dissolution, winding up, liquidation, arrangement, reorganization, adjustment, protection, relief or composition of such Person or its debts, whether voluntary or involuntary, in any bankruptcy, insolvency, arrangement, reorganization, receivership, relief or other similar action or proceeding under any Insolvency Laws, or upon any assignment for the benefit of creditors or any marshalling of the assets of such Person, or otherwise.

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Assessed Property means any Parcel within the District against which an Assessment is levied.

  • Insolvency Filing means that the Share Company (as defined in §4a of the Terms and Conditions) institutes or has instituted against it by a regulator, supervisor or any similar official with primary insolvency, rehabilitative or regulatory jurisdiction over it in the jurisdiction of its incorporation or organisation or the jurisdiction of its head or home office, or it consents to a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights (including a moratorium or a similar proceeding), or a petition is presented for its winding-up or liquidation by it or such regulator, supervisor or similar official or it consents to such a petition, provided that proceedings instituted or petitions presented by creditors and not consented to by the Share Company shall not be deemed an Insolvency Filing.

  • Priority Non-Tax Claim means any Claim other than an Administrative Expense Claim or a Priority Tax Claim, entitled to priority in payment as specified in section 507(a) of the Bankruptcy Code.

  • Minority Interest means the percentage interest represented by any shares of stock of any class of Capital Stock of a Restricted Subsidiary of the Company that are not owned by the Company or a Restricted Subsidiary of the Company.