Principal Customer definition

Principal Customer means any person, who purchases output of the Project under a contract if the percentage of output taken or to be taken by such person, multiplied by a fraction the numerator of which is the term of such contract and the denominator of which is the economic life of the Project, exceeds 10%. In the case of a person who purchases output of an electric or thermal energy, gas, water or other similar facility, such person is a principal customer if the total output purchased by such person during any one year period beginning with the date the facility is placed in service is more than 10 percent of the facility’s output during each such period. Co-owners or co-lessees who are shareholders in a corporation or who are collectively treated as a partnership subject to subchapter K under section 761(a) of the Code are not treated as Principal Users merely by reason of their ownership of corporate or partnership interests.

Principal Customer has the meaning set forth in Section 3.18.

Principal Customer has the meaning given it in Section 3.1(o).

Examples of Principal Customer in a sentence

• Notwithstanding anything to the contrary in this Agreement, Principal agrees for itself and its affiliates and related parties that it will not engage in any action that will bypass, circumvent, avoid or obviate the Discloser, either directly or indirectly, to avoid the payment of fees, participation, equity or commissions to Discloser, whether by Principal, Customer or any other third party, in connection with any project, transaction or information introduced to Principal by the Discloser.

• A Principal Customer Contact Leader is employed in the application of a significant range of fundamental principles and complex techniques across a wide and often unpredictable variety of functions in either varied or highly specific functions.

• Barry Lea, Driving Examiner / Principal Customer Service Officer (Indigenous Licencing), Northern Region Customer Services Branch, Department of Transport and Main Roads.

• The panel, to be appointed by the Regional Director, shall consist of a CSC Manager or Senior Advisor (Service Management), Principal Customer Service Officer and Staff Development Officer who were not involved in the original assessment or validation process.

• An employee who holds a Certificate III in Telecommunications (Customer Contact) or equivalent would be classified at this level when employed to perform the functions in the role definition and taking into account the indicative tasks.(d) Principal Customer Contact Specialist(i) Role definitionA Principal Customer Contact Specialist is employed to perform a broad range of skilled applications and provide leadership and guidance to others in the application and planning of the skills.

More Definitions of Principal Customer

Principal Customer has the meaning given to such term in Section 3.1(p).

Principal Customer means the ten (10) largest accounts of the Company and the Company Subsidiaries based on revenues received in respect of such accounts by the Company and the Company Subsidiaries for the fiscal year ended October 31, 2017.

Principal Customer means the Party who completes the registration process on the Website thus enabling such person or entity to make use of the Principal Customer Services as provided by the Principal through the Platform;

Principal Customer means each customer (including, without limitation, any Growth Customer) that individually or with its affiliates accounts, as a customer, for 5% or more of the aggregate GAAP revenues of the Acquiror during the period from May 1, 2001 through October 31, 2001.

Principal Customer has the meaning given to such term in Section 4.1(p).

Principal Customer has the meaning given in Section 4.5(a).

Principal Customer means the Department for Transport (DfT) as referenced in the OJEU Contract Notice;