Commitments of Parties Clause Samples

The 'Commitments of Parties' clause defines the specific obligations and responsibilities that each party agrees to fulfill under the contract. It typically outlines what actions or deliverables are required from each side, such as providing goods, services, payments, or information, and may set deadlines or standards for performance. By clearly delineating these commitments, the clause ensures that both parties understand their duties, reducing the risk of misunderstandings and disputes during the execution of the agreement.
Commitments of Parties. 4.1 Party A commits that: 4.1.1 The information provided by Party A to Party B in this Agreement is accurate. 4.1.2 Party A has the financial and prestige capacity to complete the construction and operation of the Condotel Complex and fully and correctly perform the commitments under this Agreement. 4.1.3 Condotel are owned by Party A and not sold to others, not subject to prohibited transactions in accordance with law provisions, not subject to dispute by any third party, not distrained to secure the execution of the judgment. 4.1.4 Execute correctly commitments about Condotel Rental program and other commiments specified in this Agreement 4.1.5 Execute the vacation exchange program globally in Wyndham system for Party B when Party B participates in Party A’s condotel rental program. 4.2 Party B commits that: 4.2.1 Party B has sufficient financial capacity to implement this Agreement and the Contract is signed by both parties. 4.2.2 Deposits used to deposit Condotel under this Agreement are legal and not subject to dispute with third parties. Party A is not responsible for any disputes relating to Party B’s payments to Party A under this Agreement. In the event of a dispute relating to the payment, this Agreement shall remain in full force and effect with the Parties. 4.2.3 At the time of signing this Agreement, Party B has read, understood, voluntarily signed the Agreement and the attached appendices. Party B confirms that Party B’s signed agreemfent is voluntary. 4.2.4 Party B clearly understood and will fully abide by Party A’s regulations relating to the Project and this Agreement. 4.2.5 Party A has provided sufficient documentation, documents and information deemed necessary or useful for Party B to consider and decide on the purchase of Condotel
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Commitments of Parties. A ▇▇▇▇▇ GHANA Ø Mobilize enumerators for the collection of base and endline data from the communities under the project Ø Mobilize the farmers in the communities Ø Provide technical support to communities in terms of communication between partners that would be engaged within the organic value chain Ø Provide oversight responsibility in terms of monitoring community compliance to standards and requirements of the organic value chain and build the capacity of the CREMAs to manage the Internal Control System. Ø To facilitate and support communities in establishing transport services and install milling and storage capacity. Ø This responsibility of weighing, paying, milling and storing will be be transferred to the CREMA once the project is operational and they have received the requisite capacity building skills to manage this aspect of the value chain themselves Ø To facilitate and support communities to obtain organic certification for the farming activities Ø Participate in appropriate activities of the organic platform in Ghana, mainly to share information. AGRO ECO Ø To provide the tablets and training for enumerators of base and endline survey Ø Provide analyses of the base and endline survey Ø To conduct training of A ▇▇▇▇▇ staff and farmer and community representatives on the requirements, recommendations for production in an organic farming system Ø To work with the farmers to include other beneficiary crops in the organic rotation Ø To conduct training of A ▇▇▇▇▇ Staff and CREMA representatives on certification standards and the required Internal Control System. Ø To furnish the budgets relating to the training programmes outlined above Ø To pay for initial cost of analyses and certification Ø To facilitate the setting up of the organic market value chain including the identification of buyers, and get the system working during the project period Ø To provide monitoring on agreed activities during the training. PARTIES TOGETHER Ø Annually agree on a Plan of Activities Ø Where possible support communities to adopt preferable varieties of cassava Ø Work together to secure external funding or investors to support for the project Ø Support communities to secure facilities such as milling centres, storage facilities and local transportation (tricycles) Ø Monitoring of progress and impact of the project Ø Agree how to regularly share information about the project approach, progress and results.
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Commitments of Parties. The Parties’ commitments under this MOU are as follows: a. Subject to the appropriation and availability of funds and to a future grant agreement that the Parties will negotiate, the County intends to commit $40 million to the Universities and UMMS to support the Institute over six years, starting in FY 2023 with a $15 million Supplemental Budget amendment, then $5 million per year for the following five fiscal years for operating support for the Institute. b. The Universities commit to spending a roughly equivalent amount (although not on the same schedule) over the next six fiscal years. That amount may include funds already expended within the last three fiscal years by the Universities on aspects of AI, ML, and VR/AR that are directly related to the establishment of the programs at the Institute. c. Subject to the appropriation and availability of funds, the County, commits to (and has already applied for) a $3 million federal earmark for the Institute. Subject to federal budget approval, the County has been designated to receive that additional $3 million in start- up funding. i. Of the $15 million FY 2023 County intended commitment for the Institute, $3 million will be designated as the required match for the federal earmark, with the result that the combined County and federal start-up funding for the Institute will be $18 million. ii. The earmark funds are contingent on the passage of an omnibus budget for the fiscal year in the current term of Congress. If the earmark is not passed, the County does not commit to replace those federal funds with County funds. d. The County, UMMS, and the Universities commit to jointly seek additional funding from the State of Maryland to support the programs of the Institute. e. The County may assist the Universities in identifying appropriate leased space for the Institute in the area immediately around the North Bethesda ▇▇▇▇▇ ▇▇▇▇▇▇▇ for the next five to six years. The Parties expect that the Institute will relocate to the WMATA property at the North Bethesda ▇▇▇▇▇ ▇▇▇▇▇▇▇ (the “Intended Site”) at the end of the lease (assuming that the development of that site is proceeding). If the Intended Site is not ready, the Institute will pursue an extension of the existing lease or lease another space in the immediate area but will not move outside the North Bethesda ▇▇▇▇▇ ▇▇▇▇▇▇▇ property area. f. The County has already committed $10 million in infrastructure to support the development of the Intended Site to ensure th...
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Commitments of Parties. In consideration of the conditions set forth below, the CITY shall utilize funds from the tax increment program of TID No. 15 in the amounts and for the purposes specified below to assist in the construction and installation of Development Site improvements as well as those other specific activities set forth below.
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Commitments of Parties 
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Related to Commitments of Parties

  • Commitments of the BUYER The BUYER undertakes that no official of the BUYER, connected directly or indirectly with the contract, will demand, take a promise for or accept, directly or through intermediaries, any bribe, consideration, gift, reward, favour or any material or immaterial benefit or any other advantage from the BIDDER, either for themselves or for any person, organisation or third party related to the contract in exchange for an advantage in the bidding process, bid evaluation, contracting or implementation process related to the contract.

  • Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

  • Commitments of the Principal (1) The Principal commits itself to take all measures necessary to prevent corruption and to observe the following principles:- a. No employee of the Principal, personally or through family members, will in connection with the tender for, or the execution of a contract, demand, take a promise for or accept, for self or third person, any material or immaterial benefit which the person is not legally entitled to. b. The Principal will, during the tender process treat all Bidder(s) with equity and reason. The Principal will, in particular, before and during the tender process, provide to all Bidder(s) the same information and will not provide to any Bidder(s) confidential / additional information through which the Bidder(s) could obtain an advantage in relation to the tender process or the contract execution. c. The Principal will exclude from the process all known prejudiced persons. (2) If the Principal obtains information on the conduct of any of its employees which is a criminal offence under the IPC/PC Act, or if there be a substantive suspicion in this regard, the Principal will inform the Chief Vigilance Officer and in addition can initiate disciplinary actions.

  • Term Commitments Subject to the terms and conditions hereof, each Term Lender severally agrees to make a term loan (a “Term Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Term Commitment of such Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.