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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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.
Between January 3, 2014 and the date of this Agreement, no Company Principal Customer has provided written notice to the Company that it will stop or materially decrease the rate of buying materials, products or services from the Company.
To the best knowledge of the Shareholders, the Shareholders have no reasonable basis to anticipate any problems with the Company's Principal Customer or Principal Provider relationships, subject to the foregoing.
The Company has not received any notice that any Principal Customer intends to cancel, terminate or otherwise modify or not renew its relationship with the Company.
Between January 3, 2014 and the date of this Agreement, the Company has not received any written notice that any Company Principal Customer intends to cancel, terminate or otherwise materially modify or not renew its relationship with the Company.

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 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 means the person to or in respect of whom the Services

Principal Customer means the five (5) largest customers of the Company and the Company Subsidiaries based on revenues received from such persons by the Company and the Company Subsidiaries for the calendar year ended December 31, 2016.

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%, and if such person has an extraordinary degree of control over the use and operations of the Project, or a part thereof. 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 means the person to or in respect of whom the Services are to be provided as identified in the Confirmation of Instructions;