Application of the Regulations Clause Samples
The 'Application of the Regulations' clause defines the scope and circumstances under which specific regulations apply to the agreement or parties involved. It typically outlines which activities, transactions, or entities are governed by the referenced regulations, and may specify any exceptions or special conditions. By clearly stating when and to whom the regulations are relevant, this clause ensures that all parties understand their legal obligations and helps prevent disputes over regulatory compliance.
Application of the Regulations. The Seller and the Buyer acknowledge and agree that the Regulations will apply to the sale and purchase of the Business under this Agreement and to the Transferring Employees.
Application of the Regulations. OTI UK and the Buyer acknowledge and agree that the Regulations will apply to the sale and purchase of the Business under this Agreement (to the extent situated in the UK) and to the Transferring Employees save for any provisions relating to any benefits under an occupational pension scheme for old age, invalidity or survivors which do not transfer under the Regulations.
Application of the Regulations. (1) Subject to sub-regulation (2), these Regulations apply only to ships that have capacity to carry ballast water.
(2) These Regulations do not apply to a ship which—
(a) utilises permanent fresh water ballast solely to alter the draught, trim, manoeuvrability and stability of the ship; and
(b) does not take up or discharge marine waters as part of its operation.
Application of the Regulations. 18.1 SEV and DCL anticipate that the Regulations will apply in respect of the termination of the Agreement and the subsequent transfer of the Maintenance Services to DCL and/or to a Replacement Supplier. However, should the Regulations not apply for whatever reason, SEV and DCL agree to nevertheless act in accordance with, and be bound by, the Regulations. ***Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the Commission.
18.2 With effect from the termination of this Agreement (for whatever reason), DCL shall procure the transfer of the Management Services either from SEV to DCL or from SEV to any Replacement Supplier
18.3 In the event that the Regulations do apply, the provisions of Clause 20 shall apply.
18.4 If the Regulations do not apply, the provisions of Clause 19 shall apply.
Application of the Regulations. The Vendor and the Purchaser acknowledge and agree that the TUPE Regulations will apply to the sale and purchase of the Business under this Agreement so as to transfer the employment of the UK Employees to the Purchaser. For the avoidance of doubt, the Employees will not transfer to the Purchaser until Completion.