Commercial Law Sample Clauses

Commercial Law. The Company represents and warrants that the loan evidenced by this Note is a commercial loan within the meaning of Section 12-101(c) and 12-103(e) of the Commercial Law Article of the Annotated Code of the State of Maryland.
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Commercial Law. The Commercial Code of Ukraine is the basic legal act regulating commercial relations in Ukraine. The Code sets forth the main principles of economic activity in Ukraine and regulates economic relations arising between legal entities and other participants of economic relations. Furthermore, the Code declares freedom of commercial activity as one of the fundamental principles. Restriction of competition, abuse of dominant position, unfair competition, illegal use of intellectual property objects and business reputation are directly prohibited by the Code. It should be noted that there are some discrepancies between provisions of the Commercial Code of Ukraine and the Civil Code of Ukraine that may lead to uncertainty of legal regulation of particular relations. Among the most important novelties of commercial law we would like to highlight the following. The system of public procurement in Ukraine was significantly reformed according to the recently adopted law of Ukraine "On Public Procurement" dated 25 December 2015 (the “Public Procurement Law”), which approved the full transition of public procurement to electronic procurement system ProZorro. The transition to the new system is expected to be finalized by end of 2016. The reform includes several directions, including training of buyers, simplification of access for business to bidding procedures and introduction of tenders in electronic format. Starting from 1 August 2016 all public procurements have been held under the Public Procurement Law. The adoption of this law facilitated implementation of the EU-Ukraine Association Agreement and the creation of an e- procurement system. It is a significant development in Ukraine’s fight against corruption by ensuring the transparency and accountability of the public procurement process. On 23 August 2016, the Cabinet of Ministers of Ukraine adopted a Resolution No 561 “On Approval of the Procedure for the Electronic Submission of Documents to the Licensing Agency and Issuance of Documents Electronically via Telecommunication Means of Communication” introducing electronic license application forms (hereinafter – “eAFs”) as part of the Ukrainian regulatory license application procedures. eAFs will now be available alongside the traditional paper license application forms as an alternative option when applying for regulatory licenses. eAFs will be as legally valid as forms submitted in hard copy. It is expected that the official introduction of eAFs will signifi...
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Commercial Law.  Provide advice on commercial law matters; and  Provide litigation services in all areas of commercial law.
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Related to Commercial Law

  • Commercial Driver’s License As a result of recent Federal statutory requirements, the State of Michigan enacted Act 346 of 1988. The parties agree that as a result of these statutory requirements some employees within the Technical Bargaining Unit may be required to obtain and retain a Commercial Drivers License (CDL) to continue to perform certain duties for the State. Whenever a CDL is referred to in this Section, it is understood to mean the CDL and any required endorsements. In order to implement this provision, the parties agree to the following:

  • General Application The rules set forth below in this Article IV shall apply for the purposes of determining each Member’s general allocable share of the items of income, gain, loss or expense of the Company comprising Net Income or Net Loss of the Company for each Fiscal Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Fiscal Year, the special allocations in Section 4.4 shall be made immediately prior to the general allocations of Section 4.3.

  • Commercial Copies The Corporation shall cause commercial copies of the Final Qualification Prospectus and any Supplementary Material to be delivered to the Agents without charge, in such numbers and in such cities in the Qualifying Jurisdictions as the Agents may reasonably request. Such delivery shall be effected as soon as practicable and, in any event, within two Business Days after the filing thereof in the Qualifying Jurisdictions.

  • Project Name Register ASIC

  • Xxxxxx Act Any provisions required to be contained in this Agreement by Section 126 and/or Section 130-k or Article 4-A of the New York Real Property Law are hereby incorporated herein, and such provisions shall be in addition to those conferred or imposed by this Agreement; provided, however, that to the extent that such Section 126 and/or 130-k shall not have any effect, and if said Section 126 and/or Section 130-k should at any time be repealed or cease to apply to this Agreement or be construed by judicial decision to be inapplicable, said Section 126 and/or Section 130-k shall cease to have any further effect upon the provisions of this Agreement. In a case of a conflict between the provisions of this Agreement and any mandatory provisions of Article 4-A of the New York Real Property Law, such mandatory provisions of said Article 4-A shall prevail, provided that if said Article 4-A shall not apply to this Agreement, should at any time be repealed, or cease to apply to this Agreement or be construed by judicial decision to be inapplicable, such mandatory provisions of such Article 4-A shall cease to have any further effect upon the provisions of this Agreement.

  • Commercial Supply Celgene shall Manufacture and supply all Commercial Supplies.

  • Commercial Crime Insurance This policy is required only if Contractor handles or has regular access to a JBE’s funds or property of significant value to the JBE. This policy must cover dishonest acts including loss due to theft of money, securities, and property; forgery, and alteration of documents; and fraudulent transfer of money, securities, and property. The minimum liability limit must be $500,000.00. To the extent that Contractor utilizes subcontractors, all subcontractors shall comply with and perform in accordance with the provisions of this Section 3 (Insurance).

  • Xxxxx Act Subrecipient agrees that no funds provided, nor personnel employed under this Contract, shall be in any way or to any extent engaged in the conduct of political activities in violation of the Hatch Act, 5 U.S.C. Section 1501 et seq. and Chapter 15 of Title V of the U.S.C.

  • Provisions of General Application (a) All accounting terms not specifically defined herein shall be construed in accordance with GAAP.

  • Uniform Commercial Code Terms All terms used herein and defined in the Uniform Commercial Code as adopted in the State of New York from time to time (the “Uniform Commercial Code”) shall have the meaning given therein unless otherwise defined herein. Without limiting the foregoing, the terms “accounts”, “chattel paper”, “commercial tort claims”, “instruments”, “general intangibles”, “goods”, “payment intangibles”, “proceeds”, “supporting obligations”, “securities”, “investment property”, “documents”, “deposit accounts”, “software”, “letter of credit rights”, “inventory”, “equipment” and “fixtures”, as and when used in the description of Collateral shall have the meanings given to such terms in Articles 8 or 9 of the Uniform Commercial Code. To the extent the definition of any category or type of collateral is expanded by any amendment, modification or revision to the Uniform Commercial Code, such expanded definition will apply automatically as of the date of such amendment, modification or revision.

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