Principal Customer definition

Principal Customer means any person, who purchases output of the Project under a contract if the percentage of output taken or to be taken by such person, multiplied by a fraction the numerator of which is the term of such contract and the denominator of which is the economic life of the Project, exceeds 10%. In the case of a person who purchases output of an electric or thermal energy, gas, water or other similar facility, such person is a principal customer if the total output purchased by such person during any one year period beginning with the date the facility is placed in service is more than 10 percent of the facility’s output during each such period. Co-owners or co-lessees who are shareholders in a corporation or who are collectively treated as a partnership subject to subchapter K under section 761(a) of the Code are not treated as Principal Users merely by reason of their ownership of corporate or partnership interests.

Principal Customer has the meaning set forth in Section 3.18.

Principal Customer has the meaning given it in Section 3.1(o).

Examples of Principal Customer in a sentence

• Notwithstanding anything to the contrary in this Agreement, Principal agrees for itself and its affiliates and related parties that it will not engage in any action that will bypass, circumvent, avoid or obviate the Discloser, either directly or indirectly, to avoid the payment of fees, participation, equity or commissions to Discloser, whether by Principal, Customer or any other third party, in connection with any project, transaction or information introduced to Principal by the Discloser.

• Products and Services may be delivered to the Approved Locations identified for Principal Customer and/or a Participant in Exhibit B to this Agreement, as specified in the applicable order.

• If Customer fails to make any payment when due or to perform any obligation under this Agreement, BATO may, at its option and without waiving or limiting any of its other rights or remedies under this Agreement or at law (including, without limitation, imposition of late fees and interest charges), declare all of Customer’s indebtedness and obligations to BATO to be immediately due and payable and may immediately terminate this Agreement by giving written notice to the Principal Customer to that effect.

• Any notice from BATO of changes to the Program Documents will be deemed to have been properly given when sent to the Principal Customer by e-mail or U.S. mail with first-class postage prepaid.

• The Principal Customer may advise BATO from time to time of additions to or deletions from the list of Participants that are eligible to purchase Products and Services under the Agreement or the Approved Locations to which Products and Services may be delivered.

More Definitions of Principal Customer

Principal Customer has the meaning given to such term in Section 3.1(p).

Principal Customer means the ten (10) largest accounts of the Company and the Company Subsidiaries based on revenues received in respect of such accounts by the Company and the Company Subsidiaries for the fiscal year ended October 31, 2017.

Principal Customer means the Party who completes the registration process on the Website thus enabling such person or entity to make use of the Principal Customer Services as provided by the Principal through the Platform;

Principal Customer means the Department for Transport (DfT) as referenced in the OJEU Contract Notice;

Principal Customer has the meaning given to such term in Section 4.1(p).

Principal Customer means each customer (including any RKK Growth Customer or any other growth customer) that individually or with its affiliates accounts, as a customer, for 5% or more of the aggregate GAAP revenues of the Acquiror during the period from April 1, 2001 through September 30, 2001. Exhibit 1.1(a) - 7 53 Principal Customer/Principal Referral Source EBITA Impact Amount means, with respect to the Earn-Out Period (a) and with respect to a particular Principal Customer, an amount equal to the aggregate GAAP revenues of the Acquiror during the Earn-Out Period associated with such Principal Customer, less the greater of (i) 35% of the aggregate GAAP revenues of the Acquiror during the Earn-Out Period associated with such Principal Customer or (ii) the aggregate commission expense of Acquiror for sales people associated with such revenues or fees of the Acquiror to referral sources associated with such revenues and (b) with respect to a Principal Referral Source, an amount equal to the aggregate GAAP revenues of the Acquiror during the Earn-Out Period associated with such Principal Referral Source, less the greater of (i) 35% of the aggregate GAAP revenues of the Acquiror during the Earn-Out Period associated with such Principal Referral Source or (ii) the aggregate commission expense of the Acquiror for sales people associated with such revenues or fees of the Acquiror to referral sources associated with such revenues.

Principal Customer has the meaning given in Section 4.5(a).