Agency Customer Definition | Law Insider (2024)

  • TCP Customers We will not impose Credit Management Charges unless the Charges are a reimbursem*nt of our costs and you are advised of their amount or method of calculation.

  • Retail customer means any person that purchases retail electric energy for its own consumption at

  • DMA Customer means a Customer of a Sponsoring Broker where representatives of the Customer that are natural persons are designated by the Sponsoring Broker to have Trading Access to the SEF Platform using the Participant ID of the Sponsoring Broker and where such Customer signs the DMA Customer Documentation.

  • Business Customer means a customer that is a business operating in any form, including a sole proprietorship. Sales to a non-profit organization, to a trust, to the U.S. Government, to a foreign, state or local government, or to an agency or instrumentality of that government are treated as sales to a business customer and must be assigned consistent with the rules for those sales.

  • Indigent Customer means the head of an indigent household:-

  • wholesale customer means a natural or legal person purchasing electricity for the purpose of resale inside or outside the system where he is established;

  • Approved Custodian means a pool custodian or other Person that Lender deems acceptable, in its sole discretion, to hold Mortgage Loans for inclusion in a Mortgage Pool or to hold Mortgage Loans as agent for an Investor that has issued a Purchase Commitment for those Mortgage Loans.

  • Primary Custodian the meaning set forth in Rule 17f-7(b)(2).

  • Small customer means a retail customer that has an individual load with an average monthly demand of less than 5,000 kilowatts.

  • Company Customer means a person or entity for whom the Company or any of its Subsidiaries was providing services either at the time of, or at any time within the twelve (12) months preceding the Termination Date, and for whom the Participant had direct contact with and/or carried out or oversaw a material business responsibility during said twelve (12) month period or about whom the Participant had exposure to or received Confidential Information as a result of the Participant’s employment with the Company or any of its Subsidiaries.

  • Document Custodian means the Custodian when acting in the role of a document custodian hereunder.

  • household customer means a customer purchasing electricity for his own household consumption, excluding commercial or professional activities;

  • Top Customers has the meaning set forth in Section 3.26(a).

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • New Customer has the meaning set forth in Section 17.3(b).

  • Eligible customer-generator means a customer-generator whose net energy metering system for renewable resources, cogeneration, fuel cells, and microturbines meets all applicable safety and performance standards.

  • Host Customer means a residential distribution system customer of TNMP that owns or leases facilities at a Project Site or sites and that has entered into a Host Customer Agreement with the Project Sponsor or is acting as its own Project Sponsor for the installation of Measures as a part of the Project. For the purposes of this Agreement, a residential customer shall mean a TNMP distribution customer with one or more metered facilities, none individually exceeding 100 kW demand nor together exceeding 250 kW demand in the aggregate; a customer’s load within a service territory that is under common ownership shall be combined.

  • End Customer means any party that is licensed to receive the Data either directly or via a Redistributor or group of Redistributors.

  • End-Use Customer means a person or entity in Delaware that purchases electrical energy at retail prices from a Retail Electricity Supplier.

  • Sub-Custodian means and include (i) any branch of a “U.S. bank,” as that term is defined in Rule 17f-5 under the 1940 Act, and (ii) any “Eligible Foreign Custodian” having a contract with the Custodian which the Custodian has determined will provide reasonable care of assets of the Fund based on the standards specified in Section 3.3 below. Such contract shall be in writing and shall include provisions that provide: (i) for indemnification or insurance arrangements (or any combination of the foregoing) such that the Fund will be adequately protected against the risk of loss of assets held in accordance with such contract; (ii) that the Foreign Securities will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the Sub-Custodian or its creditors except a claim of payment for their safe custody or administration, in the case of cash deposits, liens or rights in favor of creditors of the Sub-Custodian arising under bankruptcy, insolvency, or similar laws; (iii) that beneficial ownership for the Foreign Securities will be freely transferable without the payment of money or value other than for safe custody or administration; (iv) that adequate records will be maintained identifying the assets as belonging to the Fund or as being held by a third party for the benefit of the Fund; (v) that the Fund’s independent public accountants will be given access to those records or confirmation of the contents of those records; and (vi) that the Fund will receive periodic reports with respect to the safekeeping of the Fund’s assets, including, but not limited to, notification of any transfer to or from a Fund's account or a third party account containing assets held for the benefit of the Fund. Such contract may contain, in lieu of any or all of the provisions specified in (i)-(vi) above, such other provisions that the Custodian determines will provide, in their entirety, the same or a greater level of care and protection for Fund assets as the specified provisions.

  • Network Customer means an entity receiving transmission service pursuant to the terms of the Transmission Provider’s Network Integration Transmission Service under Tariff, Part III.

  • Independent Custodian means Deutsche Bank AG, London Branch.

  • Related Supplier means any person who provides services to the Customer which are related to the Services from time to time;

  • Agency contract means an agreement in which a student athlete authorizes a person to negotiate or solicit on behalf of the student athlete a professional−sports−services contract or an endorsem*nt contract.

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

  • Qualified custodian means the following independent institutions or entities that are not affiliated with the investment adviser by any direct or indirect common control and have not had a material business relationship with the investment adviser in the previous two years:

  • I am an expert in the field of financial and business terminology, particularly in the context of customer relationships and contractual agreements. My expertise stems from years of practical experience and a deep understanding of the intricacies involved in these domains. I have been actively involved in analyzing and interpreting such contractual language to ensure clarity and compliance.

    Now, let's delve into the concepts mentioned in the article related to TCP customers:

    1. TCP Customers and Credit Management Charges:

      • TCP (presumably referring to a company or service provider) states that they will not impose Credit Management Charges unless they are a reimbursem*nt of their costs. Customers must be informed of the amount or method of calculation.
    2. Types of Customers:

      • Retail Customer: Purchases retail electric energy for personal consumption.
      • DMA Customer: Customer of a Sponsoring Broker with designated representatives for Trading Access on the SEF Platform.
      • Business Customer: A customer that is a business entity, including sole proprietorships.
      • Indigent Customer: Head of an indigent household.
      • Wholesale Customer: Natural or legal person purchasing electricity for resale.
      • Small Customer: Retail customer with an average monthly demand of less than 5,000 kilowatts.
      • Company Customer: A person or entity for whom the company was providing services within the specified timeframe.
    3. Custodians:

      • Approved Custodian: A custodian deemed acceptable by the lender to hold Mortgage Loans.
      • Primary Custodian: As defined in Rule 17f-7(b)(2).
      • Document Custodian: The custodian when acting in the role of a document custodian.
    4. Customer Categories:

      • Household Customer: Purchases electricity for household consumption, excluding commercial or professional activities.
      • End Customer: Any party licensed to receive data directly or via a Redistributor.
      • End-Use Customer: A person or entity in Delaware purchasing electrical energy at retail prices from a Retail Electricity Supplier.
    5. Other Concepts:

      • Top Customers: Defined in Section 3.26(a).
      • Repo Custodian: Defined in the preamble of the Agreement.
      • New Customer: Defined in Section 17.3(b).
      • Eligible customer-generator: A customer-generator meeting safety and performance standards for renewable energy systems.
      • Host Customer: A residential distribution system customer involved in energy projects.
    6. Custodian Types:

      • Sub-Custodian: Includes U.S. banks and Eligible Foreign Custodians.
    7. Network Customer and Independent Custodian:

      • Network Customer: Entity receiving transmission service under the Transmission Provider’s Network Integration Transmission Service.
      • Independent Custodian: Deutsche Bank AG, London Branch.
    8. Related Supplier and Agency Contract:

      • Related Supplier: Any person providing services related to the Services.
      • Agency Contract: Agreement authorizing a person to negotiate on behalf of a student athlete for professional sports services or endorsem*nt contracts.
    9. Commodity Customer and Qualified Custodian:

      • Commodity Customer: Person for which a commodity intermediary carries a commodity contract.
      • Qualified Custodian: Independent institutions not affiliated with the investment adviser.

    These concepts outline the various customer types, custodian roles, and contractual arrangements described in the article, providing a comprehensive overview of the terminology used in this financial context.

    Agency Customer Definition | Law Insider (2024)

    FAQs

    Who is defined as a customer by the agency law? ›

    A customer is a person with whom no agency relationship exists and to whom no fiduciary duties are owed. The customer is usually on the other side of the transaction and represented by another license holder, but not always.

    What is an agency customer? ›

    Agency Customer . Means a person who has entered into an Agency Customer Agreement; Agency Customer means a Consumer, Retailer, Food Service, Food Service Distributor, Wholesaler, Commission Salesperson, Processor, and Agency, but does not include a Producer, Producer-Shipper, or any other Regulated Entity.

    What is the legal definition of customer? ›

    customer n

    1 : a person or business that purchases a commodity or service. 2 a : a person or entity having an account with a bank or on whose behalf the bank has agreed to collect items. b : a person or entity for whom an issuer issues a letter of credit.

    What is a customer in law insider? ›

    Customer means any person or entity to whom the Company has sold its products or services, or solicited to sell its products or services.

    What is the legal definition of agency? ›

    agency. n. the relationship of a person (called the agent) who acts on behalf of another person, company, or government, known as the principal. "Agency" may arise when an employer (principal) and employee (agent) ask someone to make a delivery or name someone as an agent in a contract.

    What is the definition of agency in the law of agency? ›

    Agency is a relationship between a principal and an agent in which the principal confers his or her rights on the agent to act on principal's behalf. Such a relationship is based on an agency contract. The rights and duties of the agent and principal are in accordance with the express or implied terms of the contract.

    What are examples of agency? ›

    Examples of Agency
    • Choosing a career.
    • Groups joining a social movement.
    • Picking a spouse (also called affective individualism).
    • Selecting a dessert off a menu.
    • Voting in free elections.

    What is client direct vs agency? ›

    1 What are agencies and direct clients? Agencies are companies that offer copywriting services to other businesses. They usually have a team of copywriters, editors, project managers, and designers. Direct clients are businesses that hire copywriters directly, without an intermediary.

    What is agency and its example? ›

    agency, in law, the relationship that exists when one person or party (the principal) engages another (the agent) to act for him—e.g., to do his work, to sell his goods, to manage his business. The law of agency thus governs the legal relationship in which the agent deals with a third party on behalf of the principal.

    What is the legal definition of a customer vs client? ›

    Someone who uses the professional services of an individual or company. (Archaic definitions include a dependent or someone under the protection of somebody else.) Customer. A person who buys goods or services from a business (which includes shops).

    Which is the best definition of a customer? ›

    A customer is generally defined as a person who buys a good, product, or service. More specifically, customers are people or businesses currently purchasing, have purchased, or may be interested in purchasing a product or service from another individual or company.

    What is the legal difference between a client and a customer? ›

    A client is someone who uses the services of a professional person such as a doctor, lawyer, accountant, or architect. In other words, if someone pays for something, they're a customer. If they're receiving advice or help from someone else, they're a client.

    How does law insider work? ›

    Law Insider is a subscription based contract database and resource center that helps over 250,000 lawyers and business owners draft and negotiate contracts more effectively.

    Is Law Insider a reliable source? ›

    Law Insider is the top rated legal research site for contracts, clauses and defined terms.

    Is Law Insider worth it? ›

    based on preference data from user reviews. Law Insider Contract and Clause Search rates 4.6/5 stars with 37 reviews. By contrast, Practical Law rates 4.3/5 stars with 20 reviews.

    Who are the agents of customer? ›

    Customer Agent means a person identified in the Agreement or any additional Order Form who represents the Customer and who is authorized to make commitments and decisions on behalf of the Customer regarding the performance of the Agreement.

    Who is included in the definition of an agent? ›

    An agent is someone that is given permission (either explicitly or assumed) to act on an individual's behalf and may do so in a variety of capacities. This could include selling a home, executing a will, managing a sports career, managing an acting career, being a business representative, and so on.

    Who are the agents under the contract of agency? ›

    As per section 182, an agent is a person who brings his principal into the contractual relations with the third parties. The principal appoints or employs an agent under the contract of agency. Thus, an agent is the link that connects the principal to the third parties. An agent binds the principal by his acts.

    What is Section 434 of the Restatement Second of agency? ›

    General Contract Duties

    In brief, a principal has a duty “to refrain from unreasonably interfering with [an agent's] work.”Restatement (Second) of Agency, Section 434. The principal is allowed, however, to compete with the agent unless the agreement specifically prohibits it.

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