Definitions and Explanations Sample Clauses

The "Definitions and Explanations" clause serves to clearly define key terms and concepts used throughout the contract. It typically lists important words or phrases and provides precise meanings for each, ensuring that all parties interpret the language of the agreement consistently. By establishing a common understanding of terminology, this clause helps prevent misunderstandings and disputes over ambiguous language, thereby promoting clarity and certainty in the contract's application.
Definitions and Explanations. In these Terms and Conditions these words and phrases have the following meanings:
Definitions and Explanations. 1.1. In this Agreement, the words below mean the following:
Definitions and Explanations. The following words and phrases shall have the meanings assigned to them unless the context requires otherwise:
Definitions and Explanations. Intellectual Property refers to all intellectual and industrial property rights, including but not limited to patents, utility models, semiconductor topographic patterns, copyrights, trademark rights, brand rights, domain names, trade secrets, technical know-how, as well as rights related to information, drawings, logos, plans, databases, technical specifications, prototypes, processes, methods, algorithms, technical documentation, software, registered designs, and other design rights. These rights are not restricted by registration status, and each right encompasses the right to file a registration application, any worldwide rights, and any form of protection. Background intellectual property refers to the rights that all parties have before the specific business cooperation begins, including patents, trademarks, technical secrets, etc. Engineering Services refer to the technical support provided by SAIC Maxus to U Power in accordance with the U Power requirements under this agreement. The service scope, including detailed technical specifications, descriptions, and timelines, is specified in Appendix [1]. The SOP (Standard Operating Procedure) designates the approval for formal production of the MIFA7 right-hand drive battery swap model, as specified in Appendix 1.
Definitions and Explanations. In the Contract, the following terms have meanings as below.
Definitions and Explanations. 1.1 The following terms have following meanings in this Agreement, unless the context indicates otherwise:
Definitions and Explanations. 1.1 Maximum Amount of Claim referred to in the Contract is the maximum amount of the claims (including but not limited to such on-or-off balance sheet businesses as a loan, a commitment of loan, an acceptance, a discount cash, a bond buy-back, a business financing, a factor, a letter of credit, a letter of guarantee, an overdraft, an inter-bank lending, a guaranty, etc.) that will be determinated in succession during a given term (i.e. Claim-determinating Term). It is the summation of the balances of a credit Party A grants Party B during a given term, including the following two portions of undue balances of claim and due but unpaid balances of claim: (1) Undue balance is the summation of all the claim balances to be paid but not paid because the term of debt-paying has not expired; (2) Due but unpaid balance is the summation of all the claim balances not paid by Party B despite of the expiration of the debt-paying term. The above-mentioned Maximum Amount of Claim does not include a full amount pledge provided by a deposit certificate, national debt, guarantee deposit, Golden Plum Blossom financing product, or a full amount irrevocable guaranty of joint and several liability provided by a financial organization recognized by Party A, or a full amount policy-based credit insurance provided by China Export & Credit Insurance Corporation, or the credit amount guaranteed by other measures which are capable of risk compensation to the full amount and are recognized by Party A. 1.2 Claim-determinating Term in the Contract is the period of time when claims occur. The claim of a guaranty of maximum amount is determinated when this Term expires.
Definitions and Explanations. 1.1 Definition In this circular, unless the context requires otherwise, the following expressions have the following meaning: “Agreement provision” The Company provides Yankuang Group with products and materials “Existing Continuing Connected Transaction AgreementsThe agreement in relation to the Existing Continuing Connected Transactions entered into between Yankuang Group and the Company on 10 January 2006, namely, the Provision of Products and Materials Agreement
Definitions and Explanations. In this agreement, the words and expressions set out below have the following meaning: Interest means the charge paid by the borrower to the lender for using the loan amount; Interest rate means the amount of interest expressed as a percentage; Final date of use means the day on which the borrower must have repaid in full, in accordance with the payment schedule submitted to them, the credit amount drawn by them; User limit means the maximum amount that the borrower determines by agreement with the lender and within which the lender makes a loan available to the borrower; Customer account means the borrower’s personal account that is created via the lender’s website and through which the borrower can submit loan applications within the credit limit and user limit made available to them; Customer agreement means these and future general terms and conditions of the loan agreement as established by the lender; Account management fee means the fee for the management of the customer account. The borrower pays the account management fee on a monthly basis if the borrower has drawn down the credit amount or has outstanding interest or service fees; Total cost of credit means the credit limit, the interest payable until the final date of use and the account management fee. The total cost of credit does not include the fees arising from the breach of the obligations arising from the agreement and payable by the borrower to the lender. The total cost of credit is calculated as of the moment of entry into the agreement on the presumption that the borrower draws down the credit limit without delay and in full and repays it on the final date of use; Annual percentage rate is stated as a percentage of the credit limit and it expresses the burden of the costs arising from using the credit limit and placed on the borrower per year. The annual percentage rate set out in the agreement is calculated as of the moment of entry into the agreement or an amendment to the agreement and it is only in effect if the borrower performs their obligations arising from the agreement by the agreed deadlines and under the agreed terms and conditions. The annual percentage rate is calculated on the presumption that the borrower draws down the credit limit without delay and in full. The lender calculates the annual percentage rate using the formula approved by the Minister of Finance of the Republic of Estonia and rounds off the obtained result to the accuracy of two decimals; Credit limit or...
Definitions and Explanations. Unless the context otherwise indicates in this contract, the following terms shall have the following specific meanings. 1. Party B’s media platform: Party B has the qualification of agent, which can be used for Party A’s information placement of the traffic product platform, including but not limited to Douyin, Toutiao, Xigua Video. 2. Information placement content: Party A and/or Party A’s customers designed and produced by themselves or entrusted by others according to the law, used to display its own brand or its production or sale of products, services and information content, including but not limited to pictures, text, video, flash, APP and APP content. 3. Information placement fee: including but not limited to CPC (Cost Per Click), CPM (Cost Per Mille), CPD (Cost Per Download), to calculate Party A’s fees to use Party B’s media platform services, specific to the rules of Party B’s media platform shall prevail. 4. Platform rules: refers to the use of the platform needs to comply with the relevant rules, including, but not limited to, industry access rules, information promotion censor rules, violation of penalty rules, programmed transaction management rules, return goods/rebate policy, management rules and other rules that may be released in the future. The relevant contents may be reflected in various forms such as website announcement, written documents, notices, FAQ, etc., and the publishers shall comply with them when using the platform. 5. Recharge service: refers to the service that Party B on behalf of Party A to recharge Party A’s account on Party B’s media platform with the recharge function, Party A will pay the recharged amount directly to Party B, if it involves discounts, Party A will pay Party B after the discounted amount.