Principal Contribution definition

Principal Contribution means the contribution that the Employer will provide to the expenditure on consumables made on behalf of or attributed to a Salesperson.
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Examples of Principal Contribution in a sentence

  • Subject to Section 3.08(h) below, at the Closing Date, all written information, as amended or supplemented from time to time, provided by the Seller to the Issuer with respect to the Securitization Property (including the Expected Amortization Schedule, the Scheduled Principal Contribution Obligation Balance Schedule and the Financing Order) is true and correct in all material respects.

  • For purposes of calculating each True-Up Adjustment, scheduled principal payments are allocated to be paid from Distribution Securitization Charge Collections and Power Supply Securitization Charge Collections in accordance with the Scheduled Principal Contribution Obligation Balance Schedule attached hereto as Exhibit F.

  • If the Scheduled Principal Contribution Obligation Balance Schedule is revised, the Servicer shall send a copy of such revised Scheduled Principal Contribution Obligation Balance Schedule to the Issuer, the Indenture Trustee and the Rating Agencies promptly thereafter.

  • In the event of any shortfall in financing required to reach COD, RelyEZ may, at its discretion, offer extended payment terms or bank guarantees for equipment supply only, provided such support shall be recognized as part of the Principal Contribution.

  • The Principals will enter into the Escrow and Contribution Agreement ("Escrow Agreement") pursuant to which the Escrowed Shares shall be contributed to the Company (the "Principal Contribution") in lieu of an obligation to indemnify the Investors for any and all losses, costs, damages, liabilities and expenses, arising out of any breach of the representations and warranties given or made by the Principals in Section 4.1(ii) or any breach of the covenant set forth in Section 4.3(b).

  • If Emergen fails to complete the SPV repurchase within twelve (12) months from the commencement of construction, RelyEZ (i) shall have the right to retain its equity interest and continue as a full shareholder, or (ii) may require formal liquidation of SPV assets via a jointly supervised bid process, with priority repayment of RelyEZ’s Principal Contribution plus accrued interest, or (iii) take another path mutually agreed in writing.

  • The Parties agree that the representations and warranties made in Section 4.1(ii) and the covenants set forth in Section 4.3(b) are a material inducement for the Investors to enter into this Agreement and that the Principal Contribution is a reasonable measure of damages, and not a penalty, for breach of the representations and warranties set forth in Section 4.1(ii) or the covenants set forth in Section 4.3(b).