PRINCIPAL TEST Clause Samples

The Principal Test clause defines the criteria or method for determining who is considered the principal party in a contractual relationship or transaction. In practice, this clause outlines specific factors or tests—such as control over the transaction, assumption of risk, or authority to direct activities—that help distinguish a principal from an agent or intermediary. By establishing a clear standard for identifying the principal, this clause ensures proper allocation of rights, responsibilities, and liabilities, thereby reducing ambiguity and potential disputes over party roles.
PRINCIPAL TEST. The CONTRACTOR rather than COUNTY has the right to control the manner and means of accomplishing the result contracted for.
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PRINCIPAL TEST. The CONSULTANT rather than COMMISSION has the right to control the manner and means of accomplishing the result contracted for.
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PRINCIPAL TEST. Contractor rather than County has the right to control the manner and means of accomplishing the result contracted for.
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PRINCIPAL TEST. The CONTRACTOR rather than COUNTY has the right to the manner and means of accomplishing the result contracted for. INDEPENDENT CONTRACTOR AGREEMENT CONTRACT
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Related to PRINCIPAL TEST

  • Monthly Investor Report On each Payment Date, the Indenture Trustee will deliver the Monthly Investor Report to each Noteholder of record as of the most recent Record Date (which delivery may be made by e-mail to the e-mail addresses in the Note Register without need for confirmation of receipt or by making the report available to the Noteholders through the Indenture Trustee’s website, which initially is located at ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇).

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Contract Amount Compensation amount(s), when stated in this Bid Specifications, shall not be construed as either the maximum or minimum amount which Department shall be obligated to accept as the result of this Bid Specifications or any Agreement entered into as a result of this Bid Specifications.

  • Principal Repayment Series 2017-A [Insert columns for other Series]

  • Distribution Compliance Period The Purchaser agrees not to resell, pledge or transfer any Purchased Shares within the United States or to any U.S. Person, as each of those terms is defined in Regulation S, during the 40 days following the Closing Date.