Principal Organization definition
Examples of Principal Organization in a sentence
If the Principal Organization fails to give such notice within the time specified in the preceding sentence, coverage for such acquired or created organization and the Insured Persons in relation thereto shall terminate with respect to Claims first made or Loss or Expense first incurred more than sixty (60) days after such acquisition or creation.
Upon receipt of a properly executed authorization card of the Principal involved, the School Board shall deduct from the Principal’s paycheck the dues that the Principal has agreed to pay to the Principal Organization during the period provided in said authorization.
By signing below, the Principal Investigator and Principal Organization agree to comply with the terms and conditions of this Project Agreement.
Each Insured agrees that the Principal Organization shall act on their behalf with respect to all such matters.
The Principal Organization agrees that it shall be responsible for the application of any such payment as provided in this policy.
The Principal Organization shall submit, as a part of any proof of loss, all bills and accounts with respect to any lost, damaged or destroyed documents which shall be subject to approval by a competent person to be nominated by the Company with the Insured’s consent.
The Principal Organization shall give written notice of such Event to the Company as soon as practicable together with such information as the Company may require.
With respect to Insuring Clauses A and B, the value of any loss of property other than Data or Media shall be the actual cash value or the cost of repairing or replacing such property with property of similar quality and value, whichever is less, at the time the Principal Organization furnishes proof of loss in compliance with section 8.A.
By acceptance of this policy, the Principal Organization agrees to act on behalf of all Insured’s with respect to the giving and receiving of notices of Claim or Loss or termination, the negotiation, agreement to and acceptance of endorsements, and the giving or receiving of any notices provided for in this policy and each Insured agrees that the Principal Organization shall act on their behalf.
The Principal Organization (or Secondary Collaborator(s) as appropriate) may be required to submit documentation to obtain additional certification of the project’s tax-exempt status in the respective FSU country.