Agreed Items Sample Clauses
The "Agreed Items" clause defines the specific goods, services, or deliverables that both parties have mutually accepted as part of their contract. This clause typically lists or references a schedule of items, such as products to be supplied or tasks to be completed, ensuring both parties are clear on what is included in the agreement. By clearly identifying these items, the clause helps prevent disputes over what is covered under the contract and ensures that expectations are aligned.
Agreed Items. If any dispute arises in this Agreement, both parties should resolve it in a timely fashion. If the parties fail to reach an agreement, they can file law suits with the People’s Court directly.
Agreed Items. The Borrower and the Creditor agree as follows:
1. The Borrower warrants that it will carry out its business legally, and use the loan in accordance with the intended use stated in this Agreement. The Borrower should provide various financial accounting materials, including monthly and annual reports periodically pursuant to the requirement of the Creditor, and coordinate with the supervision by the Creditor. The Creditor may inspect and supervise the usage of the loan in various ways at any time.
2. The Borrower shall repay the principal and interest of loan under this Agreement in accordance with the time, amount, currency and interest rate agreed hereof in the Agreement, request form and Loan Note. The actual time for repay, amount, currency, and interest rate shall be subject to the contents in the Loan Note.
3. The Borrower warrants that, if any significant adverse event that might sufficiently impact the financial status or implementation of guarantee obligation occurs, the Borrower shall timely provide additional new guaranty that is approved by the Creditor.
4. The Borrower shall not have the following behaviors prior to the written consent by the creditor.
(1) Disposition all or part of major assets in distribution, donation, renting, lending, transferring, mortgage.
(2) Any behaviors that may impact the repaying ability of the Borrower, such as contracting, rendering, joint management, foreign investment, shareholding system transformation, etc.
(3) To modify the company’s regulations or other documents established, or change the business scope or major business of the company.
(4) To provide a third party with warranties that may significantly adversely impact the financial state or ability of carry out the obligations under this Agreement.
(5) To pay off other long-term loan in advance.
(6) To sign any contract/agreement or afford any other obligations that may significantly adversely impact the ability of carrying out the obligations under this Agreement.
5. The Borrower shall notify the Creditor immediately on the date when the following events occur, and deliver the original notice (with seal) to the creditor within five (5) bank working days after the occurrence of the event.
(1) Any related event that lead to the untruth, inaccuracy or invalidity of the presentation and warranties of the borrower in this Agreement.
(2) The Borrower or its controlling shareholder, real controller or other affiliated person encounter lawsuit or arbitration, ...
Agreed Items. 2.1. The consolidated federal income tax returns of CFI for the taxable years 1984 through and including 1990 have been audited by the IRS, which has proposed adjustments thereto. Except with respect to the Workers Compensation Adjustments, the adjustments relating to CFC (hereinafter the "1984-1990 CFC Adjustments") have been agreed between CNF and the IRS, after consultation with CFC.
2.2. The consolidated federal income tax returns for CFI for the taxable years 1991 through 1996 have been audited by the IRS, which has proposed adjustments thereto. Certain of the adjustments, listed on Exhibit A hereto, relate in whole or in part to items for which CFC is responsible under the Tax Sharing Agreement, and which carry forward adjustments from earlier tax years (hereinafter the "1991-1996 CFC Carryforward Adjustments"). Except with respect to the Workers Compensation Adjustments, all of the 1991-1996 CFC Carryforward Adjustments have been agreed between the IRS and CNF, after consultation with CFC. 2.3. The 1984-1990 CFC Adjustments and the 1991-1996 CFC Carryforward Adjustments (collectively, the "CFC Allocated Adjustments"), assuming that CNF and CFC are not able to obtain reductions to the Workers Compensation Adjustments from the adjustments proposed by the IRS, including interest with respect thereto through April 30, 1999, have been calculated by CNF to total Eighty-Three Million, Six Hundred Twenty-Two Thousand, Two Hundred Ninety-Eight Dollars ($83,622,298). CNF and CFC agree that CFC is entitled to a credit against such amount of $5,000,000, in full satisfaction of CNF's obligation to true-up amounts previously paid with respect to the 1996 Consolidated Group Federal income tax return. As a result, CNF claims entitlement to receive Seventy-Eight Million, Six Hundred Twenty-Two Thousand, Two Hundred Ninety-Eight Dollars ($78,622,298) from CFC with respect to the CFC Allocated Adjustments, plus interest until the date of payment (the "Disputed Amount").
Agreed Items. 1. Guarantors agree
(1) not to employ the following actions without obtaining Creditor’s written consent: ¨ disposing significant assets in part or whole by means of sales, gifts, lease, borrowing, transferring, pledge, mortgages and others. ¨ incurring significant changes to forms of Guarantors’ organizations, including but not limited to leasing, contracting, stock transfer, M &A, joint venture, spin-off, establishment of subsidiaries, transfer of ownership, decrease of registered capitals. ¨ changes to Company’s article of associations, scope of business or primary business. ¨ providing guaranty to any third party that results in significant adverse impact to Guarantors’ capability of executing the Contract or their financial performances. ¨ filing applications for bankruptcy, reorganization or dismiss. ¨ signing any contract or arrangement that have material adverse impact to Guarantors’ capability of executing the Contract; or bearing any liabilities that will cast such impact.
(2) In case of the following events incurred, Guarantors undertake to give notice to Creditor at the date of incurrence and to deliver the original written notice (attached with seals if non-natural person, signatures if nature person) to Creditor upon five (5) bank days upon the incurrence of such event. ¨ any event that leads to untruth or inaccurateness in Guarantors’ representations and warranties under the Contract. ¨ Guarantors or their controlling shareholders, actual shareholders or related person are involved in law suits, arbitrations, asset detention/ confiscation/ mandatory execution and other equally powerful measures. Or Guarantors’ legal representatives, directors, supervisors, senior managers are involved in prosecutions, arbitrations or other mandatory measures. ¨ There are any changes to Guarantors’ legal person, authorized agent, incumbent, CFO, mailing address, company name, place of business; or for a natural person, changes to its home address, employer, permanent living city, name or incomes. ¨ Other Creditors appeal for Guarantors’ bankruptcy or reorganization. Or Guarantors are deregistered by superior authority.
(3) Guarantors agree to furnish financial reports or income statements with Creditor from time to time during the period of signing and executing the Contract.
(4) If the subject contemplated under the Contract is letter of credit, letter of guarantee or standing letter of credit, Guarantors agree to bear joint liabilities to deposit adequate f...