Examples of Principal Purpose in a sentence
The Contractor shall rerepresent its size status in accordance with the size standard in effect at the time of this rerepresentation that corresponds to the OASIS+ Principal Purpose NAICS Codes and associated CLINs awarded under the Contractor’s Master Contract, without regard to the date upon which its size status changed.
The most significant aspect of MLI is the introduction of the Principal Purpose Test (PPT) which would need to be satisfied in order to avail the tax treaty benefit.
Subject to the Act, CCVT Inc has the capacity and powers of an individual and may do all things incidental or conducive to achieve its Principal Purpose.
The Principal Purpose for which the Company is established is to provide benevolent relief to people in need, principally individuals and communities disadvantaged by leprosy.
Different models such as the 5C’s of credit (Character, Capacity, Capital, Collateral and Conditions); the 5P’s (Person, Payment, Principal, Purpose and Protection), the LAPP (Liquidity, Activity, Profitability and Potential), the CAMPARI (Character, Ability, Margin, Purpose, Amount, Repayment and Insurance) model and Financial Analysis and Past Experiences methods (FAPE) guide lenders in the assessment of their potential borrowers’ creditworthiness (Abbadi and Karsh, 2013).