PRINCIPAL TO PRINCIPAL Clause Samples

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PRINCIPAL TO PRINCIPAL. It is agreed and understood that, as between the Main Contractor and the Subcontractor, the legal relationship is strictly on a principal to principal basis. Nothing is deemed to constitute or imply any other legal relationship such as principal-agent, master-servant or otherwise. It is expressly agreed that there shall be no principal-agent, master-servant or any other relationship between the Main Contractor and the Subcontractor under this Work Order/ Subcontract and no representation to any such effect would be made by the Subcontractor to anyone. The Subcontractor shall indemnify the Main Contractor against any claims, expenses, liabilities and losses and for any third party claims regarding and / or arising under or in connection with the relationship and / or misrepresentation thereby by the Subcontractor.
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PRINCIPAL TO PRINCIPAL. 10.1 This Agreement and each Confirmation is a principal to principal agreement with settlement directly between the two parties. 10.2 Both parties agree that any Broker shall be under no obligation or liability in relation to this Agreement or any Confirmation. Both parties agree jointly and severally to indemnify and hold harmless any Broker against all actions, including but not limited to all claims, demands, liabilities, damages, costs and expenses both from the two parties and any third party. 10.3 Claims, demands, liabilities, damages, costs and expenses suffered or incurred are to be settled directly by or between the two parties.
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PRINCIPAL TO PRINCIPAL. The parties are trading as principal to principal and no agency, partnership or employment relationship is created by this lease.
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PRINCIPAL TO PRINCIPAL. Notwithstanding anything contained in any law for the time being in force, the term SDP-MSC shall have the connotation as implied in this Agreement and it is clarified that this Agreement is on a principal to principal basis and does not create and shall not be deemed to create any employer-employee relation between MPOnline and the SDP-MSC and/or its Personnel. The SDP-MSC and/or its Personnel shall not be entitled to, by act, word, deed or otherwise, make any statement on behalf of MPOnline or in any manner bind MPOnline or hold out or represent that the SDP-MSC is representing or acting as agent of MPOnline, expect as provided and permitted in this Agreement. The activities of the SDP-MSC and its Personnel shall not be construed to be MPOnline activities. Save and except as may be expressly permitted by MPOnline, the SDP-MSC and its Personnel shall not at any time use the name / logo of MPOnline in any sales or marketing publication or advertisement, or in any other manner without prior written consent of MPOnline.
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PRINCIPAL TO PRINCIPAL. This agreement has been entered into on a Principal to Principal basis and nothing contained in this agreement shall be deemed to either constitute a joint venture, partnership or agency relationship between the parties nor authorise either party to make a representation or incur any liability on behalf of the other party.
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PRINCIPAL TO PRINCIPAL. 16.1 Nothing contained in this agreement shall be deemed or construed as creating a joint venture or partnership between MPOnline/DeGS and the KIOSK/its personals. It is further made clear that notwithstanding anything contained in any law for the time being in force, the term KIOSK shall have the connotation as implied in this Agreement and it is also clarified that this Agreement is on a principal to principal basis and does not create and shall not be deemed to create any employer- employee relation between MPOnline/DeGS and the KIOSK and/or its Personnel. 16.2 The KIOSK and/or its Personnel shall not be entitled to, by act, word, deed or otherwise, make any statement on behalf of MPOnline/DeGS or in any manner bind MPOnline/DeGS or hold out or represent that the KIOSK is representing or acting as agent of MPOnline/DeGS, expect as provided and permitted in this Agreement. The activities of the KIOSK and its Personnel shall not be construed to be MPOnline/DeGS activities. Save and except as may be expressly permitted by MPOnline, the KIOSK and its Personnel shall not at any time use the name / logo of MPOnline in any sales or marketing publication or advertisement, or in any other manner without prior written consent of MPOnline.
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PRINCIPAL TO PRINCIPAL. Notwithstanding anything contained in any law for the time being in force, the term FRANCHISEE shall have the connotation as implied in this Agreement and it is clarified that this Agreement is on a principal to principal basis and does not create and shall not be deemed to create any employer-employee relation between TSTS and the FRANCHISEE and/or its Personnel. FRANCHISEE or its personnel or agents shall not claim or be eligible for any employment or retirement benefits of TSTS or its affiliates. The FRANCHISEE and/or its Personnel shall not be entitled to, by act, word, deed or otherwise, make any statement on behalf of TSTS or in any manner bind TSTS or hold out or represent that the FRANCHISEE is representing or acting as agent of TSTS, except as provided and permitted in this Agreement. The activities of the FRANCHISEE and its Personnel shall not be construed to be TSTS's activities. Save and except as may be expressly permitted by TSTS, the FRANCHISEE and its Personnel shall not at any time use the name / logo of TSTS in any sales or marketing publication or advertisement, or in any other manner without prior written consent of TSTS.
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PRINCIPAL TO PRINCIPAL. The relationship between NLE and AMP shall be that of principal to principal and nothing in this Agreement shall be deemed to have created a joint venture or a partnership between the Parties to this Agreement and neither Party hereto will act as a representative or agent for the other Party and neither Party has the right or authority to assume or create obligations of any kind addressed to or intended for the other Party or to bind the other Party in any respect except as may be specifically provided in this Agreement.
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Related to PRINCIPAL TO PRINCIPAL

  • Designation and Principal Amount There is hereby authorized and established a new series of Securities under the Base Indenture, designated as the “6.750% Senior Notes due 2026”, which is not limited in aggregate principal amount. The initial aggregate principal amount of the Senior Notes to be issued under this Supplemental Indenture shall be limited to $500,000,000. Any additional amounts of the series to be issued shall be set forth in a Company Order.

  • Original Class B Principal Balance The Original Class B Principal Balance is $7,500,485.88.

  • Repayment of Interest and Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this Second Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this Second Supplemental Indenture.

  • Interest and Principal (a) The principal balance of the Loan shall bear interest at the Interest Rate or, as applicable, the Default Rate. Interest shall accrue on the outstanding principal balance of the Loan, from time to time, based on a 360 day year and charged for the actual number of days outstanding. On the Closing Date, Borrower shall make a payment of interest on the outstanding Loan balance for the Initial Interest Period. Commencing on the first Scheduled Payment Date, and on or before each Scheduled Payment Date thereafter, Borrower shall pay all Accrued Interest. In addition to the interest payments required above, Borrower shall make the applicable Minimum Amortization Payment, commencing on the Amortization Commencement Date and on each Scheduled Payment Date thereafter. (b) On the Maturity Date, Borrower shall pay all Indebtedness, including the entire outstanding principal balance of the Loan and all Accrued Interest. (c) Following the occurrence of an Event of Default, interest shall be computed at, and Borrower shall pay interest on the unpaid principal balance of the Loan at, the Default Rate. All other payments, reimbursements and other amounts due from Borrower to Lender under the Loan Documents not paid when due shall bear interest at the Default Rate from the date when due until the date when received by Lender. (d) At any time after the expiration of the Lockout Period (but not prior thereto), upon not less than sixty (60) days prior written notice to Lender, Borrower may prepay the Loan in whole but not in part (except as otherwise expressly permitted by the terms of this Agreement) on any Business Day, provided that upon any such prepayment of the Loan, Borrower shall also pay in full (i) all Accrued Interest; (ii) if such prepayment is received by Lender on a date other than on a Scheduled Payment Date, the Interest Shortfall; (iii) all other Indebtedness; and (iv) if the Loan is prepaid in whole or in part prior to the Scheduled Payment Date in October, 2020 (other than with the proceeds of any Loss Recoveries pursuant to Section 6.1(d) of this Agreement), the applicable Prepayment Fee. Without limiting the aforesaid, upon any payment of the Loan on any day that is not a Scheduled Payment Date (regardless of the source of such prepayment and whether voluntary, by acceleration or otherwise), Borrower shall pay Lender the Breakage Amount. (e) Unless otherwise specified, all other amounts payable to Lender under the Loan Documents shall be due and payable within ten (10) days after written request or invoice. (f) Lender shall have the right from time to time, in its sole discretion, upon not less than ten (10) days prior written notice to Borrower, to change the Scheduled Payment Date to a different calendar day provided such amended Scheduled Payment Date shall not be earlier than the fifth (5th) day of each calendar month and, if requested by Lender, Borrower shall promptly execute an amendment to this Agreement to evidence such change; provided, however, that if Lender shall have elected to change the Scheduled Payment Date as aforesaid, Lender shall have the option, but not the obligation, to adjust the Interest Period and the Determination Date accordingly. All amounts due pursuant to this Agreement and the other Loan Documents shall be payable without setoff, counterclaim, defense or any other deduction whatsoever.