Principally used definition

Principally used means a measurement of the time when a vessel is on the waters of the United States, a state, territory, province, or country and includes the time when the vessel is not in motion, as, for instance, when the vessel is moored or at anchor, as well as the time when the vessel is being navigated.
Principally used means that any other use of the property must be solely incidental.
Principally used means used more than 50%. A building or addition is principally used in production where more than 50% of its useable business floor space is used in storage and production. Floor space used for bathrooms, cafeterias and lounges is not useable business floor space. Floor space used for administration and distribution is not used in production. Machinery is principally used in production when it is used in production more than 50% of its normal operating time.

More Definitions of Principally used

Principally used means, for purposes of 10 V.S.A. § 6001(3)(D)(vi)(III), that more than 50% (either by volume or weight) of the compost produced on the farm is physically and permanently incorporated into the native soils on the farm as a soil enhancement and is and not removed or sold at any time thereafter.
Principally used means, for purposes of 10 V.S.A. § 6001(3)(D)(vi)(III), that more than 50% (either by volume or weight) of the compost produced on the farm is physically and permanently incorporated into the native soils on the farm as a soil
Principally used means the main or primary use;
Principally used means used more than 50%. A building or addition is principally used in research and development in the experimental or laboratory sense where more than 50% of its usable business floor space is thusly used.

Related to Principally used

  • Principally Above Ground means that at least 51% of the actual cash value of the structure is above ground.

  • Primarily means machinery and equipment used 50 percent or more of the time in an activity described in paragraph (a).

  • Commercially Useful Function means responsibility for the execution of a distinct element of the work of the contract, which is carried out by actually performing, managing, and supervising the work involved, evidencing the responsibilities and risks of a business owner such as negotiating the terms of (sub)contracts, taking on a financial risk commensurate with the contract or its subcontract, responsibility for acquiring the appropriate lines of credit and/or loans, or fulfilling responsibilities as a joint venture partner as described in the joint venture agreement.

  • Historically Underutilized Business or “HUB” means a minority or women-owned business as defined by Texas Government Code, Chapter 2161.

  • Substantially similar means substantially similar in function or capability or otherwise competitive to the products or services being developed, manufactured or sold by the Company during and/or at the end of Executive’s employment, or are marketed to substantially the same type of user or customer as that to which the products and services of the Company are marketed or proposed to be marketed.