DEFINITIONS AND INTERPRETIVE RULES Clause Samples
The "Definitions and Interpretive Rules" clause establishes the specific meanings of key terms and sets out guidelines for interpreting the contract. It typically lists important words or phrases used throughout the agreement and clarifies how they should be understood, sometimes including rules for resolving ambiguities or addressing inconsistencies. This clause ensures that all parties have a shared understanding of terminology, reducing the risk of misunderstandings and disputes over the contract’s language.
DEFINITIONS AND INTERPRETIVE RULES. Except as otherwise specified or as the context may otherwise require, capitalized terms not otherwise defined in this Agreement are used herein as defined in Appendix A hereto. The interpretive rules set forth in the Usage section of Appendix A hereto apply to this Agreement.
DEFINITIONS AND INTERPRETIVE RULES. Section 1.01.
DEFINITIONS AND INTERPRETIVE RULES. 1.1 Unless otherwise defined in this Agreement, terms with initial capital letters contained in the above Recitals to, or elsewhere in, this Agreement (including the term "Auction Businesses") shall have the meanings ascribed to them in the Asset Purchase Agreement.
1.2 For purposes of this Agreement, the following terms shall have the respective meanings set forth hereinafter in this Section 1.2:
(a) For purposes of this Agreement, a Person shall be deemed to be an "Affiliate" of another Person if, at the time the determination of Affiliation is to be determined, (i) the other Person is a Parent (as defined below) of the Person, (ii) the Other Person is a Subsidiary of the Person or of any Parent of the Person
DEFINITIONS AND INTERPRETIVE RULES. 1.1 Unless otherwise defined in this Agreement, terms with initial capital letters contained in the above Recitals to, or elsewhere in, this Agreement (including the term "Auction Businesses") shall have the meanings ascribed to them in the Asset Purchase Agreement.
1.2 For purposes of this Agreement, the following terms shall have the respective meanings set forth hereinafter in this Section 1.2:
(a) For purposes of this Agreement, a Person shall be deemed to be an " Affiliate " of another Person if, at the time the determination of Affiliation is to be determined, (i) the other Person is a Parent (as defined below) of the Person, (ii) the Other Person is a Subsidiary of the Person or of any Parent of the Person
(b) The term " Competitive Business " means the conduct or management of a business or venture that (1) acquires, by purchase or consignment, Collectible Coins or Collectible Sports Memorabilia (as such terms are defined in the Asset Purchase Agreement) for sale at in-person, telephonic and internet auctions, (2) conducts in-person, telephonic and internet auctions at which such Collectible Coins or Collectible Sports Memorabilia are sold, or (3) is making preparations to engage any of the foregoing.
DEFINITIONS AND INTERPRETIVE RULES