PRINCIPAL TO PRINCIPAL Sample Clauses

PRINCIPAL TO PRINCIPAL. It is agreed and understood that, as between the Main Contractor and the Subcontractor, the legal relationship is strictly on a principal to principal basis. Nothing is deemed to constitute or imply any other legal relationship such as principal-agent, master-servant or otherwise. It is expressly agreed that there shall be no principal-agent, master-servant or any other relationship between the Main Contractor and the Subcontractor under this Work Order/ Subcontract and no representation to any such effect would be made by the Subcontractor to anyone. The Subcontractor shall indemnify the Main Contractor against any claims, expenses, liabilities and losses and for any third party claims regarding and / or arising under or in connection with the relationship and / or misrepresentation thereby by the Subcontractor.
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PRINCIPAL TO PRINCIPAL. Notwithstanding anything contained in any law for the time being in force, the term SDP-MSC shall have the connotation as implied in this Agreement and it is clarified that this Agreement is on a principal to principal basis and does not create and shall not be deemed to create any employer-employee relation between MPOnline and the SDP-MSC and/or its Personnel. The SDP-MSC and/or its Personnel shall not be entitled to, by act, word, deed or otherwise, make any statement on behalf of MPOnline or in any manner bind MPOnline or hold out or represent that the SDP-MSC is representing or acting as agent of MPOnline, expect as provided and permitted in this Agreement. The activities of the SDP-MSC and its Personnel shall not be construed to be MPOnline activities. Save and except as may be expressly permitted by MPOnline, the SDP-MSC and its Personnel shall not at any time use the name / logo of MPOnline in any sales or marketing publication or advertisement, or in any other manner without prior written consent of MPOnline.
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PRINCIPAL TO PRINCIPAL. Notwithstanding anything contained in any law for the time being in force, the term FRANCHISEE shall have the connotation as implied in this Agreement and it is clarified that this Agreement is on a principal to principal basis and does not create and shall not be deemed to create any employer-employee relation between TSTS and the FRANCHISEE and/or its Personnel. FRANCHISEE or its personnel or agents shall not claim or be eligible for any employment or retirement benefits of TSTS or its affiliates. The FRANCHISEE and/or its Personnel shall not be entitled to, by act, word, deed or otherwise, make any statement on behalf of TSTS or in any manner bind TSTS or hold out or represent that the FRANCHISEE is representing or acting as agent of TSTS, except as provided and permitted in this Agreement. The activities of the FRANCHISEE and its Personnel shall not be construed to be TSTS's activities. Save and except as may be expressly permitted by TSTS, the FRANCHISEE and its Personnel shall not at any time use the name / logo of TSTS in any sales or marketing publication or advertisement, or in any other manner without prior written consent of TSTS.
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PRINCIPAL TO PRINCIPAL. The parties are trading as principal to principal and no agency, partnership or employment relationship is created by this lease.
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PRINCIPAL TO PRINCIPAL. 16.1 Nothing contained in this agreement shall be deemed or construed as creating a joint venture or partnership between MPOnline/DeGS and the KIOSK/its personals. It is further made clear that notwithstanding anything contained in any law for the time being in force, the term KIOSK shall have the connotation as implied in this Agreement and it is also clarified that this Agreement is on a principal to principal basis and does not create and shall not be deemed to create any employer- employee relation between MPOnline/DeGS and the KIOSK and/or its Personnel. 16.2 The KIOSK and/or its Personnel shall not be entitled to, by act, word, deed or otherwise, make any statement on behalf of MPOnline/DeGS or in any manner bind MPOnline/DeGS or hold out or represent that the KIOSK is representing or acting as agent of MPOnline/DeGS, expect as provided and permitted in this Agreement. The activities of the KIOSK and its Personnel shall not be construed to be MPOnline/DeGS activities. Save and except as may be expressly permitted by MPOnline, the KIOSK and its Personnel shall not at any time use the name / logo of MPOnline in any sales or marketing publication or advertisement, or in any other manner without prior written consent of MPOnline.
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PRINCIPAL TO PRINCIPAL. The relationship between NLE and AMP shall be that of principal to principal and nothing in this Agreement shall be deemed to have created a joint venture or a partnership between the Parties to this Agreement and neither Party hereto will act as a representative or agent for the other Party and neither Party has the right or authority to assume or create obligations of any kind addressed to or intended for the other Party or to bind the other Party in any respect except as may be specifically provided in this Agreement.
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PRINCIPAL TO PRINCIPAL. This agreement has been entered into on a Principal to Principal basis and nothing contained in this agreement shall be deemed to either constitute a joint venture, partnership or agency relationship between the parties nor authorise either party to make a representation or incur any liability on behalf of the other party.
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PRINCIPAL TO PRINCIPAL. 10.1 This Agreement and each Confirmation is a principal to principal agreement with settlement directly between the two parties. 10.2 Both parties agree that any Broker shall be under no obligation or liability in relation to this Agreement or any Confirmation. Both parties agree jointly and severally to indemnify and hold harmless any Broker against all actions, including but not limited to all claims, demands, liabilities, damages, costs and expenses both from the two parties and any third party. 10.3 Claims, demands, liabilities, damages, costs and expenses suffered or incurred are to be settled directly by or between the two parties.
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Related to PRINCIPAL TO PRINCIPAL

  • Designation and Principal Amount There is hereby authorized and established a new series of Securities under the Base Indenture, designated as the “2.500% Senior Notes due 2020”, which is not limited in aggregate principal amount. The initial aggregate principal amount of the Senior Notes to be issued under this Sixth Supplemental Indenture shall be limited to $500,000,000. Any additional amounts of such series to be issued shall be set forth in a Company Order.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • Interest and Principal (a) On each Payment Date, Borrower shall pay to Lender a constant monthly payment of $129,460.25, which amount shall be applied first toward the payment of interest on each Note for the applicable Interest Accrual Period at the applicable Interest Rate (except that in each case, interest shall be payable on the Indebtedness, including due but unpaid interest, at the Default Rate with respect to any portion of such Interest Accrual Period falling during the continuance of an Event of Default, in which case the monthly payment shall be increased by the amount of Default Interest accrued on the Notes during the applicable Interest Accrual Period), and the balance shall be applied toward the reduction of the outstanding principal balances of the Notes or Note Components pro rata in accordance with their then outstanding principal balances. Notwithstanding the foregoing, on the Closing Date, Borrower shall pay interest from and including the Closing Date through the end of the first Interest Accrual Period, in lieu of making such payment on the first Payment Date following the Closing Date (unless the Closing Date falls on a Payment Date, in which case, no interest will be collected on the Closing Date, and Borrower shall make the payment required pursuant to this Section commencing on the first Payment Date following the Closing Date). (b) No prepayments of the Loan shall be permitted except for (i) prepayments resulting from Casualty or Condemnation as described in Section 5.16, and (ii) a prepayment of the Loan in whole (but not in part) during the Prepayment Period on not less than 30 days prior written notice; provided that any prepayment hereunder shall be accompanied by all interest accrued on the amount prepaid, plus if the prepayment is made on a date other than a Payment Date, the amount of interest that would have accrued on the amount prepaid if the Loan had remained outstanding through the end of the Interest Accrual Period in which such prepayment occurs, plus all other amounts then due under the Loan Documents. Borrower's notice of prepayment shall create an obligation of Borrower to prepay the Loan as set forth therein, but may be rescinded with five days' written notice to Lender (subject to payment of any out-of-pocket costs and expenses resulting from such rescission). In addition, Defeasance shall be permitted after the expiration of the Lockout Period as described in Section 2.1. The entire outstanding principal balance of the Loan, together with interest through the end of the applicable Interest Accrual Period and all other amounts then due under the Loan Documents, shall be due and payable by Borrower to Lender on the Maturity Date. In addition, notwithstanding anything to the contrary contained herein, if Borrower shall be required to prepay a portion of the Indebtedness due to a Casualty or Condemnation in accordance with the terms and provisions of Section 5.16(f), Borrower shall have the right to prepay the balance of the Indebtedness in accordance with the other terms and provisions of this Section 1.2(b), without the obligation to pay the Yield Maintenance Premium or any other prepayment fee or penalty, provided such prepayment is made by Borrower within 120 days of the prepayment under Section 5.16(f) and Borrower delivers notice to Lender of its intention to prepay the balance within thirty (30) days of Borrower's receipt of written notice of such application by Lender under Section 5.16(f). (c) Except as otherwise set forth in this Agreement, if all or any portion of the Principal Indebtedness is paid to Lender following acceleration of the Loan, Borrower shall pay to Lender an amount equal to the applicable Yield Maintenance Premium. Amounts received in respect of the Indebtedness during the continuance of an Event of Default shall be applied toward interest, principal and other components of the Indebtedness (in such order as Lender shall determine) before any such amounts are applied toward payment of Yield Maintenance Premiums, with the result that Yield Maintenance Premiums shall accrue as the Principal Indebtedness is repaid but no amount received from Borrower shall constitute payment of a Yield Maintenance Premium until the remainder of the Indebtedness shall have been paid in full. Borrower acknowledges that (i) a prepayment will cause damage to Lender; (ii) the Yield Maintenance Premium is intended to compensate Lender for the loss of its investment and the expense incurred and time and effort associated with making the Loan, which will not be fully repaid if the Loan is prepaid; (iii) it will be extremely difficult and impractical to ascertain the extent of Lender's damages caused by a prepayment after an acceleration or any other prepayment not permitted by the Loan Documents; and (iv) the Yield Maintenance Premium represents Lender's and Borrower's reasonable estimate of Lender's damages from the prepayment and is not a penalty. (d) Any payments of interest and/or principal not paid when due hereunder shall bear interest at the applicable Default Rate and, in the case of all payments due hereunder other than the repayment of the Principal Indebtedness on the Maturity Date, when paid, shall be accompanied by a late fee in an amount equal to the lesser of five percent of such unpaid sum and the maximum amount permitted by applicable law in order to defray a portion of the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment.

  • Principal It is acting as principal and not as agent when entering into this Agreement and each Transaction.

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

  • Payments of Interest and Principal (a) Any installment of interest or principal, if any, payable on any Class A(2016-2) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class A(2016-2) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class A(2016-2) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class A(2016-2) Termination Date.