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 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. 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. 10.1 This Agreement and each Confirmation is a principal to principal agreement with settlement directly between the two parties.
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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.
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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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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 “3.000% Senior Notes due 2022”, which is not limited in aggregate principal amount. The initial aggregate principal amount of the Senior Notes to be issued under this Seventh Supplemental Indenture shall be limited to $750,000,000. Any additional amounts of such series to be issued shall be set forth in a Company Order.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,006,549.92.

  • Repayment of Interest and Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • 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 The Notes will mature on July 1, 2020 and will bear interest at the rate of 4.250% per annum. The Issuers will pay interest on the Notes on each January 1 and July 1 (each an “Interest Payment Date”), beginning on January 1, 2016, to the Holders of record on the immediately preceding December 15 or June 15 (each a “Record Date”), respectively. Interest on the Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of issuance. Payments of the principal of and interest on the Notes shall be made in Dollars, and the Notes shall be denominated in Dollars.

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

  • Purchases as Principal Each sale of Notes to the Agent as principal shall be made in accordance with the terms of this Agreement and the Agent and the Company will enter into a Terms Agreement that will provide for the sale of such Notes to and the purchase thereof by the Agent. Each "Terms Agreement" may take the form of an exchange of any form of written telecommunication or oral communication followed by written confirmation or telecommunication between the Agent and the Company and shall be with respect to such information (as applicable) as is specified in Exhibit A hereto. The Agent's commitment to purchase Notes as principal shall be deemed to have been made on the basis of the representations and warranties of the Company herein contained and shall be subject to the terms and conditions herein set forth. Each agreement by the Agent to purchase Notes as principal (whether or not set forth in a Terms Agreement) shall specify the principal amount of Notes to be purchased by the Agent pursuant thereto, the maturity date of such Notes, the price to be paid to the Company for such Notes, the interest rate and interest rate formula, if any, applicable to such Notes and any other terms of such Notes. Each such agreement shall also specify any requirements for officers' certificates, opinions of counsel and letters from the independent public accountants of the Company pursuant to Section 4 hereof. A Terms Agreement may also specify certain provisions relating to the reoffering of such Notes by the Agent. Each Terms Agreement shall specify the time and place of delivery of and payment for such Notes. Each date of delivery of and payment for Notes to be purchased by the Agent as principal or as agent or by any other purchaser is referred to herein as a "Settlement Date." Upon the Company's request, the Agent will notify the Company either orally or in writing (as specified by the Company) of the aggregate principal amount of Notes held by the Agent as principal purchased pursuant to a Terms Agreement pursuant to this Agreement.

  • 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) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class A(2015-1) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class A(2015-1) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class A(2015-1) Notes shall be made as set forth in Section 1102 of the Indenture.

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

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