Authorized Principal definition

Authorized Principal is an individual authorized by a business entity (such as a sole proprietorship, partnership, corporation or limited liability company) to legally bind the entity and act on its behalf. Only one Authorized Principal may be designated for Services. “Business Account” is an Account that is not a Consumer Account. Access to the Service for a Business Account may be delayed in order to verify the authority of the Authorized Principal. “Business Day” is every Monday through Friday except Federal Reserve holidays or other days that banks are legally closed. “Closely Held Business Account” is a Business Account that is held by a business that utilizes the same tax identification number as a Consumer Account (i.e. the social security number of the owner of the Consumer Account).

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Authorized Principal. Amount shall mean, in the case of the Bonds, $20,000,000. Bond Guaranty Agreement shall mean the Bond Guaranty Agreement, dated as of even date herewith, from the Guarantors to the Trustee, and shall include any and all amendments thereof and supplements thereto hereafter made in conformity therewith and with the Indenture. Bond Resolution shall mean the resolution of the Issuer adopted on February 9, 2010, as amended on April 13, 2010, authorizing the issuance of the Bonds. Bonds shall mean the Issuer’s $20,000,000 Recovery Zone Facility Revenue Bonds (▇▇▇▇▇ Retail Development LLC Project), Series 2010 authorized, issued, executed, authenticated and delivered on the Closing Date under the Indenture. City shall mean The City of New York, New York. Closing Date shall mean July 1, 2010, the date of the initial issuance and delivery of the Bonds. Company shall mean ▇▇▇▇▇ Retail Development LLC, a limited liability company organized and existing under the laws of the State of Delaware, and its successors and assigns; provided, however, that nothing contained in this definition shall be deemed to limit or modify the obligations of the Company under Section 7.8 or 7.19 of the Loan Agreement. Entity shall mean any of a corporation, general partnership, limited liability company, limited liability partnership, joint stock company, trust, estate, unincorporated organization, business association, tribe, firm, joint venture, governmental authority or governmental instrumentality, but shall not include an individual. Event of Default shall have the meaning specified in Section 3.4. Facility Revenues shall have the meaning assigned to such term in the Loan Agreement.

Examples of Authorized Principal in a sentence

You represent that you are an Authorized Principal of the business that owns the Account and, as applicable, the External Account and that you have all necessary legal right, power and authority to act on behalf of the business to transfer funds between Accounts and, as applicable, the External Account.
By: /s/ S▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: S▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Chief Executive Officer Acknowledged and Agreed: By: /s/ A▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Name: A▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Title: Authorized Principal The undersigned holder hereby exercises the right to purchase _________________ of the shares of Common Stock (“Warrant Shares”) of DvineWave Inc., a Delaware corporation (the “Company”), evidenced by the Warrant to purchase Common Stock (the “Warrant”).
Date Authorized Principal FEE SCHEDULE MANAGER ON ACCOUNT: _________________________________________ ACCOUNT NAME: ____________________ _____________________ ACCOUNT NUMBER: __________________________________________ ACCOUNT CUSTODIAN: __________________________________________ FEES: __________________________________________ HOURLY RATE SERVICES - The hourly fee is at a rate of $____ per hour, not to exceed $_____ per hour.
The aggregate principal amount of Securities outstanding at any time may not exceed the Authorized Principal Amount, except as provided in Section 2.07.
The Debentures are subordinated unsecured obligations of the Company limited to up to the Authorized Principal Amount amount.
By: ---------------------------- --------------------------------- Name: Curt▇▇ ▇▇▇▇▇▇ Its: Duly Authorized Principal Negotiator Date of Execution: ------------------- The undersigned joins in this Agreement to absolutely, continuously, irrevocably, and unconditionally guaranty Seller's payment and performance, and not a guaranty of collection, under this Agreement.
THE UNITED STATES DEPARTMENT OF THE INTERIOR --------------------------------- Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇ Its: Duly Authorized Principal Negotiator Date of Execution: ------------------- The undersigned joins in this Agreement to absolutely, continuously, irrevocably, and unconditionally guaranty Seller's payment and performance, and not a guaranty of collection, under this Agreement.
Authorized Principal Amount of Notes; Conditions to Issuance of Notes........................25 Section 2.02.
By: /s/ S▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: S▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Chief Executive Officer By: /s/ A▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Name: A▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Title: Authorized Principal The undersigned holder hereby exercises the right to purchase _________________ of the shares of Common Stock (“Warrant Shares”) of DvineWave Inc., a Delaware corporation (the “Company”), evidenced by the Warrant to purchase Common Stock (the “Warrant”).
MANAGING UNDERWRITER: MDB CAPITAL GROUP LLC By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Title: Authorized Principal CO-MANAGING UNDERWRITER: NORTHLAND SECURITIES, INC.

More Definitions of Authorized Principal

Authorized Principal. Amount shall mean, in the case of the Bonds, $20,000,000. Bond Resolution shall mean the resolution of the Issuer adopted on February 9, 2010, as amended on April 13, 2010, authorizing the issuance of the Bonds. Bonds shall mean the Issuer’s $20,000,000 Recovery Zone Facility Revenue Bonds (▇▇▇▇▇ Retail Development LLC Project), Series 2010 authorized, issued, executed, authenticated and delivered on the Closing Date under the Indenture. Certificated Security shall have the meaning assigned to that term under the Uniform Commercial Code as in effect from time to time in the State of New York. Chattel Paper shall have the meaning assigned to that term under the Uniform Commercial Code as in effect from time to time in the State of New York. City shall mean The City of New York, New York. Closing Date shall mean July 1, 2010, the date of the initial issuance and delivery of the Bonds. Construction Contracts shall mean all contracts relating to the construction, renovation, equipping and furnishing of the Facility. Contract Rights shall mean all rights of the Obligor (including without limitation all rights to payment) under or in respect of each Contract. Contracts shall mean each and every contract to which the Obligor is or becomes a party or in which the Obligor has or acquires an interest (whether by way of assignment or otherwise). Contracts for Sale shall have the meaning assigned to that term under the Uniform Commercial Code as in effect from time to time in the State of New York. Deposit Account shall have the meaning assigned to that term under the Uniform Commercial Code as in effect from time to time in the State of New York. Documents shall have the meaning assigned to that term under the Uniform Commercial Code as in effect from time to time in the State of New York. Entity shall mean any of a corporation, general partnership, limited liability company, limited liability partnership, joint stock company, trust, estate, unincorporated organization, business association, tribe, firm, joint venture, governmental authority or governmental instrumentality, but shall not include an individual. Equipment shall mean any “equipment” as such term is defined in the Uniform Commercial Code as in effect from time to time in the State of New York, and, in any event, shall include, but shall not be limited to, all machinery, equipment, furnishings, fixtures and vehicles and any and all additions, substitutions and replacements of any of the foregoing, whereve...