Basis of Sample Clauses

The "Basis of" clause defines the foundational terms, assumptions, or conditions upon which an agreement or specific provision is established. In practice, this clause may specify the underlying facts, data, or representations that both parties accept as true for the purposes of the contract, such as pricing based on certain market rates or performance expectations tied to stated benchmarks. Its core function is to ensure that both parties have a clear and mutual understanding of the essential premises that support their contractual obligations, thereby reducing the risk of disputes arising from differing interpretations or unforeseen changes in circumstances.
POPULAR SAMPLE Copied 4 times
Basis of determination of future annual caps Sales Assistance Services Preliminary Planning Services Factors taken into account for determining above annual caps
View SourceView Similar (2)
Basis of. ACCRUAL Interest and the commitment fee shall accrue from day to day and shall be calculated on the basis of a year of 360 days (or, if market practice differs, in accordance with market practice) and the actual number of days elapsed.
View Source
Basis of determination:
View Source
Basis of asset ownership 1. Business licenses for the legal entity, articles of association; 2. Land use right certificates, real estate ownership certificates; 3. Grant contracts of land use right; 4. Construction land planning permits, construction works planning permits and construction works commencement permits; 5. Motor vehicles license and registration certificate; 6. Contracts and invoices for acquisition of major equipment as well as relevant agreements, contracts and other documents; 7. Patent certificates; 8. Other ownership documents.
View Source
Basis of. 1 The lump sum price for the item "Sitework" Payment will cover the costs for the following.
View Source
Basis of. Consideration The consideration under each of the Previous De Minimis Agreements was determined after arm’s length negotiations between the parties with reference to (i) the quality of the coal to be supplied and (ii) the market price of coal determined with quotations ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ obtained from independent third party coal suppliers. Guarantee Suzhou GCL shall provide a guarantee of RMB500,000 to Jiangsu Zhongneng within three days upon the signing of each of the Previous De Minimis Agreements to ensure it will deliver the coal to Jiangsu Zhongneng in accordance with the Previous De Minimis Agreements or the requirements of Jiangsu Zhongneng. In the event that Suzhou GCL fails to provide all or part of the guarantee, Jiangsu Zhongneng is entitled to withhold the corresponding amount from the consideration payable to Suzhou GCL under each of the Previous De Minimis Agreements.
View Source
Basis of determining the issue price of the Placement Units
View Source
Basis of the Pre-sale
View Source

Related to Basis of

  • Basis of Bargain The Limited Warranty and Disclaimer and Limited Liability set forth above are fundamental elements of the basis of the agreement between PremiumSoft and you. PremiumSoft would not be able to provide the Software on an economic basis without such limitations. Such Limited Warranty and Disclaimer and Limited Liability inure to the benefit of PremiumSoft's licensors.

  • Basis of the Bargain The parties agree that the limitations of liability set forth in this section shall survive and continue in full force and effect despite any failure of consideration or of an exclusive remedy. The parties acknowledge that the prices have been set and the Agreement entered into in reliance upon these limitations of liability and that all such limitations form an essential basis of the bargain between the parties.

  • Basis of Agreement Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.

  • Basis of Accrual If the basis of accrual of interest or fees expressed in this Agreement with respect to the currency of any state that becomes a participating state shall be inconsistent with any convention or practice in the London Interbank Market or, as the case may be, the Paris Interbank Market for the basis of accrual of interest or fees in respect of the euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a participating member state; provided, that if any Loan in the currency of such state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Loan, at the end of the then current Interest Period.

  • BASIS OF CONTRACT 1.1. The Order constitutes Buyer’s offer to Seller to purchase the Goods and/or Services and upon its acceptance by Seller the Contract shall be formed. Acceptance by Seller shall be deemed to occur on the earlier of Seller issuing a written acknowledgement of the Order or Seller doing an act consistent with fulfilling the Order. Any terms whatsoever that may be proposed by Seller in accepting Buyer's Order (including any terms which Seller purports to apply in conjunction with an acknowledgement or confirmation of the Order, a quotation, a specification, a delivery note, invoice or similar document) shall be void and of no effect unless expressly agreed by Buyer in writing. 1.2. In the event of any inconsistency or conflict between these T&Cs and the Order, the terms of the Order will prevail.