Definition of a Party in Interest Clause Samples
The 'Definition of a Party in Interest' clause establishes who is considered a party with a direct stake or involvement in the agreement or transaction. This clause typically outlines specific individuals, entities, or groups—such as shareholders, creditors, or affiliates—who have legal or financial interests that may be affected by the contract. By clearly identifying these parties, the clause ensures that rights, obligations, and notifications are properly directed, thereby reducing ambiguity and preventing disputes over who is entitled to participate or be informed in relevant matters.
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Definition of a Party in Interest. As defined in §1318(b) of the Public Health Service Act, a party in interest is: Any director, officer, partner or employee responsible for management or administration of an HMO; any person who is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the HMO; any person who is the beneficial owner of a mortgage, deed of trust, note or other interest secured by, and valuing more than five percent (5%) of the HMO; and, in the case of an HMO organized as a nonprofit corporation, an incorporator or member of such corporation under applicable state corporation law; Any entity in which a person described in the paragraph above is director or officer; is a partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the HMO; or has a mortgage, deed of trust, note or other interest valuing more than five percent (5%) of the assets of the HMO; Any person directly or indirectly controlling, controlled by or under common control with a HMO; and Any spouse, child or parent of an individual described above.
Definition of a Party in Interest. As defined in §1318(b) of the Public Health Service Act, a party in interest is: Any director, officer, partner or employee responsible for management or administration of an HMO; any person who is directly or indirectly the beneficial EXHIBIT 1.M SCOPE OF WORK owner of more than five percent (5%) of the equity of the HMO; any person who is the beneficial owner of a mortgage, deed of trust, note or other interest secured by, and valuing more than five percent (5%) of the HMO; and, in the case of an HMO organized as a nonprofit corporation, an incorporator or member of such corporation under applicable state corporation law; Any entity in which a person described in the paragraph above is director or officer; is a partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the HMO; or has a mortgage, deed of trust, note or other interest valuing more than five percent (5%) of the assets of the HMO; Any person directly or indirectly controlling, controlled by or under common control with a HMO; and Any spouse, child or parent of an individual described above.
Definition of a Party in Interest. As defined in §1318(b) of the Public Health Service Act, a party in interest is: Any director, officer, partner or employee responsible for management or administration of an HMO; any person who is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the HMO; any person who is the beneficial owner of a mortgage, deed of trust, note or other interest secured by, and valuing more than five percent (5%) of the HMO; and, in the case of an HMO organized as a nonprofit corporation, an incorporator or member of such corporation under applicable state corporation law; Any entity in which a person described in the paragraph above is director or officer; is a partner; has directly or indirectly a beneficial interest of more than five percent
Definition of a Party in Interest. As defined in Section 1318(b) of the Public Health Service Act, a party in interest is:
26.3.4.1.1 (i) Any director, officer, partner, or employee responsible for management or administration of the Contractor; (ii) any person or legal entity that is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the Contractor; (iii) any person or legal entity that is the beneficial owner of a mortgage, deed of trust, note, or other interest secured by, and valuing more than five percent (5%) of the Contractor; or, (iv) in the case of a Contractor organized as a nonprofit corporation, an incorporator or enrollee of such corporation under applicable Puerto Rico corporation law; or
26.3.4.1.2 Any organization in which a person or a legal entity described in Section 26.3.
4.1.1 is director, officer or partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the Contractor; or has a mortgage, deed of trust, note, or other interest valuing more than five percent (5%) of the assets of the Contractor;
26.3.4.1.3 Any person directly or indirectly controlling, controlled by, or under common control with the Contractor; or
26.3.4.1.4 Any spouse, child, or parent of an individual described in Sections 26.3.4.1.1 to 26.3.4.1.3.
Definition of a Party in Interest. As defined in §1318(b) of the Public Health Service Act, a party in interest is: • Any director, officer, partner, or employee responsible for management or administration of an HMO and HIO; any person who is directly or indirectly the beneficial owner of more than 5% of the equity of the HMO; any person who is the beneficial owner of a mortgage, deed of trust, note, or other interest secured by, and valuing more than 5% of the HMO; or, in the case of an HMO organized as a nonprofit corporation, an incorporator or member of such corporation under applicable State corporation law; • Any organization in which a person described in subsection 1 is director, officer or partner; has directly or indirectly a beneficial interest of more than 5% of the equity of the HMO; or has a mortgage, deed of trust, note, or other interest valuing more than 5% of the assets of the HMO; • Any person directly or indirectly controlling, controlled by, or under common control with a HMO; or • Any spouse, child, or parent of an individual described in subsections 1, 2, or 3.
Definition of a Party in Interest. As defined in Section 1318(b) of the Public Health Service Act, a party in interest is:
23.7.4.1.1 Any director, officer, partner, or employee responsible for management or administration of the Contractor; any person who is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the Contractor; any person who is the beneficial owner of a mortgage, deed of trust, note, or other interest secured by, and valuing more than five percent (5%) of the Contractor; or, in the case of a Contractor organized as a nonprofit corporation, an incorporator or Enrollee of such corporation under applicable State corporation law;
23.7.4.1.2 Any organization in which a person described in Section 23.7.
4.1.1 above is director, officer or partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the Contractor; or has a mortgage, deed of trust, note, or other interest valuing more than five percent (5%) of the assets of the Contractor;
23.7.4.1.3 Any person directly or indirectly controlling, controlled by, or under common control with the Contractor; or
23.7.4.1.4 Any spouse, child, or parent of an individual described in Sections 23.7.4.1.1-23.7.4.1.3 of this Contract.
Definition of a Party in Interest. As defined in Section 1318(b) of the Public Health Service Act, a party in interest is:
21.4.2.2.1 Any director, officer, partner, or employee responsible for management or administration of the PROVIDER; any person who is directly or indirectly the beneficial owner of more than five percent (5%) of the equity of the PROVIDER; any person who is the beneficial owner of a mortgage, deed of trust, note, or other interest secured by, and valuing more than five percent (5%) of the PROVIDER; or, in the case of a PROVIDER organized as a nonprofit corporation, an incorporator or enrollee of such corporation under applicable Commonwealth corporation law;
21.4.2.2.2 Any organization in which a person is director, officer or partner; has directly or indirectly a beneficial interest of more than five percent (5%) of the equity of the PROVIDER; or has a mortgage, deed of trust, note, or other interest valuing more than five percent (5%) of the assets of the PROVIDER;
21.4.2.2.3 Any person directly or indirectly controlling, controlled by, or under common control with the PROVIDER; or
21.4.2.2.4 Any spouse, child, or parent of an individual.
Definition of a Party in Interest. As defined in Section 1318(b) of the Public Health Service Act, a party in interest is: