Clause 21 Clause Samples
Clause 21 typically outlines the procedures and requirements for giving formal notices between parties under a contract. It specifies acceptable methods of delivery, such as email, registered mail, or courier, and may set out the addresses to which notices must be sent and when a notice is considered received. The core function of this clause is to ensure that important communications are reliably delivered and acknowledged, reducing the risk of misunderstandings or disputes about whether a party has been properly informed.
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Clause 21. 6(a) (Provision of valuations and information) of the Credit Agreement is amended to read in its entirety as follows: For purposes of this Clause 21, the Obligors at their expense shall cause a valuation of each Ship and any relevant existing charter to be made by an Approved Broker indicating the market value of such Ship, together with any relevant existing charter, at any time the Agent may request upon not less than 5 days’ prior written notice from the Agent to the Borrower.
Clause 21. 2.1.2 shall not apply to any alterations carried out pursuant to any Expansion.
Clause 21. 5 shall not apply to the extent that any deficit in the Eligible Revenue achieved in any Fiscal Year was caused by the wrongful refusal by the Supplier to accept a Blanket Order in accordance with the terms of this Agreement. For the avoidance of doubt, any refusal by the Supplier to accept a Blanket Order submitted by the Buyer which is in any way attributable to any Operational Constraints shall not be regarded as wrongful.
Clause 21. 6.1 above does not apply to an acquisition of a company, of shares, securities or a business or undertaking (or, in each case, any interest in any of them) or the incorporation of a company which is pursuant to a Permitted Acquisition.
Clause 21 above shall not apply for the purpose of effecting necessary repairs to any fixtures at any Property or of replacing them with new or improved models or substitutes or in the case of any tenant's fixtures and fittings.
Clause 21. 16.1 hereof is subject to the Company informing the union which has members employed at the particular enterprise of its intention to introduce an enterprise system of annual leave flexibility.
Clause 21. 2 shall not apply to any press release, public announcement or other communication with the news media made by the Purchaser (a) which is consistent with the Announcement and the terms of this Agreement and does not contain any further information relating to the Company Group to that which has been previously announced or made public in accordance with the terms of this Agreement or (b) is made in the ordinary course of business and does not relate specifically to the signing of this Agreement or the transactions contemplated by this Agreement.
Clause 21. 2 shall not apply to any press release, public announcement or other communication with the news media made by AerCap or any AerCap Entity (a) which is consistent with the Announcement and the terms of this Agreement and does not contain any further information relating to the Company Group to that which has been previously announced or made public in accordance with the terms of this Agreement or (b) is made in the ordinary course of business and does not relate specifically to the signing of this Agreement or the transactions contemplated by this Agreement.
Clause 21. 10.1 does not apply to any sale, lease, transfer or other disposal which is a Permitted Disposal.
Clause 21. 2.2 applies where the Tenant enters (or may be required by the Landlord to enter) into any document which is supplemental to this Lease for the purpose of consenting to the assignee entering into such document and confirming that (subject to section 18 of the ▇▇▇▇ ▇▇▇) all the obligations of the Tenant under the Future AGA will remain in full force and effect.