Contract Principal definition

Contract Principal means a principal who has been awarded a Uniform Principals Contract to a school by a Local School Council.
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Contract Principal means the party who engages the vegetation contractor.
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Examples of Contract Principal in a sentence

  • For purposes of determining compliance with clause (iii) of the preceding sentence, if more than one Substitute Contract is being provided on any date, the Discounted Contract Principal Balance of the Substitute Contracts and the Contracts being replaced shall be determined on an aggregate basis.

  • The Servicer may, but shall have no obligation to, repurchase a Defaulted Contract, which was originated by DFS, at any time, at a price equal to the Contract Principal Balance for such Defaulted Contract; provided that the aggregate amount of repurchases made under this section shall not exceed an amount equal to 15% of the aggregate Contract Principal Balance of the Contracts originated by DFS as of the Cut-off Date.

  • All references to the Contract Principal Balance of a Contract as of any date shall refer to the close of business on such date.

  • All references to the Contract Principal Balance of a Contract as of an Accounting Date shall refer to the close of business on such day, or as of the first day of a Monthly Period shall refer to the opening of business on such day.

  • For purposes of determining compliance with clauses (iii) and (iv) of the preceding sentence, if more than one Substitute Contract is being provided on any date, the Discounted Contract Principal Balances and Booked Residual Values of the Substitute Contracts and the Contracts being replaced shall be determined on an aggregate basis.

  • On each Payment Date, the Servicer shall be entitled to receive the Servicing Fee in respect of the immediately preceding Collection Period equal to the product of (a) one-twelfth of the Servicing Fee Rate and (b) the Aggregate Contract Principal Balance as of the first day of such preceding Collection Period.

  • The method of allocating a Scheduled Payment with respect to any Contract between principal and interest, pursuant to which the portion of such payment that is allocated to interest is the product of (a) the Payment Interval Adjusted Applicable Discount Rate with respect to such Contract multiplied by (b) the applicable Contract Principal Balance (before giving effect to such principal payment).

  • Notwithstanding Sections 6.12(a) and (b) of the Master Agreement, the Servicer may not remove any Contract pursuant to such Sections 6.12(a) and (b) if the aggregate of the Contract Principal Balances removed pursuant to such Section exceeds ten percent (10%) of the then aggregate Contract Principal Balance of all Series 2000-A Contracts which are Eligible Contracts on such date.

  • In determining the amount of a Defaulted Contract which is removed, the amount of such Contract shall be equal to the Contract Principal Balance of such Contract calculated as if it were not a Defaulted Contract.

  • The aggregate amount of Defaulted Contracts which the Obligors may remove from the Series 1999-1 Trust Estate shall not, however, exceed 5% of the Initial Aggregate Contract Principal Balance.