Applicable Clause Samples
The 'Applicable' clause defines the specific circumstances or conditions under which certain terms, provisions, or obligations within a contract are relevant and enforceable. In practice, this clause clarifies which sections of the agreement apply to particular parties, transactions, or scenarios, such as distinguishing between different types of services or products covered by the contract. Its core function is to ensure clarity and prevent misunderstandings by explicitly stating when and to whom certain contractual terms are applicable, thereby reducing the risk of disputes over the scope of the agreement.
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Applicable. The following shall each be specified as "Additional Termination Events" pursuant to Section 5(b)(v):
Applicable. LAWS The Plan is not subject to the Employee Retirement Income Security Act of 1974, as amended, and is not qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended.
Applicable. LAW All transactions under this Agreement shall be subject to the Commodity Exchange Act and the constitution, rules, regulations, customs, usages, rulings and interpretations of the Commodity Futures Trading Commission ("CFTC"), domestic or foreign exchange markets, and their clearing houses, if any, where the transactions are executed by Merrill Lynch or Merrill Lynch's agents ("Applicable Law"). Merrill ▇▇▇▇▇ ▇s ▇▇▇▇by a▇▇▇▇▇▇▇▇▇, ▇▇ ▇ts discretion, to employ aff▇▇▇▇▇▇▇ ▇▇▇ ▇onaffiliated clearing members, carrying brokers and floor brokers as Merrill Lynch's agents or to engage in pre-execution discussions if ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ electronically, in connection with the execution, carrying, clearance, delivery and settlement of any such transactions as permitted by Applicable Law. Client agrees to provide Merrill Lynch any information necessary for Merrill Lynch to respond ▇▇ ▇▇▇ ▇▇▇▇▇ry from any exchange or other r▇▇▇▇▇▇▇r▇ ▇▇▇ncy pursuant to Applicable Law. Absent a separate written agreement with Client with respect to give-ups, Merrill Lynch, in its discretion, may, but shall not be obligated to, ▇▇▇▇▇t ▇▇▇▇ other brokers selected by Client, Futures Contracts executed by such brokers which are given up to Merrill Lynch for clearing in any Account(s). If Client has executed ▇▇▇▇ ▇t▇▇▇ ▇rokers and Merrill Lynch is required to pay such executing brokers give up fees, ▇▇▇▇▇t ▇▇▇▇es that Merrill Lynch may withhold such fees from Client's account in antici▇▇▇▇▇▇ o▇ ▇▇▇h payment coming due.
Applicable. At the time set forth in Section 1.3 when the trust is required to make payment to the Executive, the trustee shall make such payment and perform any necessary calculation of benefits in the same manner as outlined in the schedule provided by Key to the trustee prior to the date of the Change of Control.
Applicable provided that Section (5)(a)(i) of this Agreement is amended to read as follows:
Applicable. (i) Section 5(a)(iii)(1) will apply to Party B in respect of Party B’s obligations under Paragraphs 3(b) and 8(d) of that certain Credit Support Annex, dated as of the date hereof, attached hereto and made a part hereof between Party A and Party B (as from time to time amended, supplemented or replaced, the “Credit Support Annex”).
Applicable. The following shall each be specified as "Additional Termination Events" pursuant to Section 5(b)(v): Partial Unwind. The exercise of a partial unwind of the Underlying Securities by a Certificateholder in accordance with Section 7 of the Series Supplement, in which case, (1) a portion of the Notional Amount of the Transactions equal to the related Partial Unwind Amount shall be terminated and (2) the Early Termination Date with respect to such portion of the Notional Amount of the Transactions shall be the related Partial Unwind Date. For the purposes the foregoing Additional Termination Event, Party A shall be the Affected Party.
Applicable. Applies to the Plan and to all Participants.
Applicable. At a minimum, the financing for the Project shall include a Taxable Tail in the amount of $0,000. Taxable debt may only be utilized for Project related expenses, not for the cost of issuance, for which the Project Sponsor could otherwise have used tax-exempt financing. Not Applicable
Applicable. Dealer shall deliver to Counterparty the Share Termination Delivery Property on, or as promptly as commercially reasonably practicable thereafter, the date on which the Payment Obligation would otherwise be due pursuant to “Consequences of Merger Events” above, Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii) of the Agreement, as applicable, in satisfaction of the Payment Obligation.