Class 4 Clause Samples
The 'Class 4' clause typically defines a specific category or class of creditors or claims within a legal or contractual framework, such as bankruptcy or restructuring proceedings. In practice, this clause outlines which parties or types of claims are included in Class 4, often distinguishing them from other classes based on factors like the nature of the debt, security interests, or priority of payment. Its core function is to ensure that similarly situated creditors are grouped together for purposes such as voting on a plan or receiving distributions, thereby promoting fairness and clarity in the treatment of claims.
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Class 4. End users of significant amounts of electricity in the Western Interconnection, including industrial, agricultural, commercial and retail entities as well as organizations in the Western Interconnection that represent the interests of a substantial number of end users or a substantial number of persons interested in the impacts of electric systems on the public or the environment.
Class 4. For Class 4 products, upon request as described in this Non-Production Licensing Guide, Micro Focus offers Non- Production Licenses for Micro Focus Software Products that Customer has licensed on a perpetual basis at no charge subject to the following restrictions: • Non-Production Licensed Software may be used on a either a single Hot Standby System or Cold Standby System, or both concurrently, in addition to the primary system, provided, however: • Customer is solely responsible for keeping the data between the systems synchronized; • Customer may replicate its environment in both the Hot Standby System and the Cold Standby System, including the object code of the software, identical schema, projections, and data; and • For Vertica only, Customer can use Non-Production Licensed Software for one (1) Hot Standby System for only read and write operations of data replicated from the primary production system. Data in the Hot Standby System must be a replica of the primary database; • Non-Production Licensed Software may be used in unlimited amounts in a Non-Production Development System or Test System; and • For Vertica and IDOL, any Non-Production License will not count against the IDOL Raw Data Size or Raw Data Size calculation, but, notwithstanding anything else in this Non-Production Licensing Guide, the Non-Production License for Vertica or IDOL shall not exceed the IDOL Raw Data Size or Raw Data Size of the original license.
Class 4. 5.1 if the Trading Site Application shall state that it is a Class 4 application or if the Executive Committee shall determine that the Nominated Site the subject of a Class 1, Class 2 or Class 3 Trading Site Application does not satisfy the conditions specified in paragraph 2, 3 or (as the case may be) 4, the Executive Committee shall determine from the Trading Site Application and supporting documentation and other matters (and any further evidence provided in accordance with paragraph 6) if the Nominated Site shall be treated as a Trading Site having regard to the criteria set out in paragraph 5.2.
5.2 The criteria referred to in paragraph 5.1 are:-
(a) whether special circumstances existed before 30th March, 1990 which demonstrate to the reasonable satisfaction of the Executive Committee that the generation and demand were treated as being on a Trading site; 912
(b) whether special circumstances existed before 11th December, 1991 which demonstrate to the reasonable satisfaction of the Executive Committee that the generation and demand should have been treated as on a Trading Site;
(c) whether, although not satisfying the conditions applicable to a Class 1, Class 2 or Class 3 Trading Site Application, if, to the reasonable satisfaction of the Executive Committee, the Trading Site Application demonstrates sufficient similarities with sites which would satisfy those conditions such that it would be unreasonable not to treat the Nominated Site as a Trading Site;
(d) whether there are any other facts or evidence in support of the Trading Site Application which in the reasonable opinion of the Executive Committee demonstrate that the Nominated Site ought to be treated as a Trading Site.
Class 4. 3; Class 5.1; Class 5.2; Class 6.2; or Class 7, shall not be used for carriage under these UN numbers.
Class 4. 5.1 If the Trading Site Application shall state that it is a Class 4 application or if the Executive Committee shall determine that the Nominated Site the subject of a Class 1, Class 2 or Class 3 Trading Site Application does not satisfy the conditions specified in paragraph 2, 3 or (as the case may be) 4, the Executive Committee shall determine from the Trading Site Application and supporting documentation and other matters (and any further evidence provided in accordance with paragraph 6) if the Nominated Site shall be treated as a Trading Site having regard to the criteria set out in paragraph 5.2.
5.2 The criteria referred to in paragraph 5.1 are:-
Class 4