European Law Sample Clauses

European Law. European counsel identified in Schedule 12 have been made aware of the fact that the European Litigation will be funded, managed and controlled by TREBUCHET, and that TREBUCHET shall share in the proceeds of any Revenue generated from assertions of the Patent as, inter alia., an owner of the Patent, and DSS represents and warrants that such European counsel, and each of them, have advised DSS that they know of no reason why, under the law of their respective applicable jurisdiction, TREBUCHET cannot so fund, manage and control the European Litigation and cannot share in the proceeds of any revenue generated from assertions of the Patent, and TREBUCHET, in doing so, will not run afoul of any European or national legislation, rules or practices that will have a material adverse effect on TREBUCHET.
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European Law. The European Union, on the basis of its environmental competence, has introduced legislation dealing with CCS. The European CCS Directive (Directive 2009/31/EC) was enacted in 2009 and had to be implemented by the EU member states in 2011. The directive is linked to the European ETS9, meaning that carbon dioxide stored in the subsoil is not treated as an emission and therefore there is no need to cover the stored carbon dioxide with emission allowances. The European CCS Directive aims to regulate the final part of the CCS chain: the permanent storage in the subsoil. The directive also applies to transport of carbon dioxide through pipelines. The CCS Directive is based on a system whereby potential storage sites are identified (Art. 4 CCS Directive), exploration permits are granted to explore storage sites (Art. 5 CCS Directive) and finally storage permits are granted to permanently store carbon dioxide in the subsoil (Art. 6 CCS Directive). For each stage in the process there are detailed rules and the applicant for a storage licence is under the obligation to perform a number of studies and to draft several proposals for plans. Such plans include a monitoring plan, a corrective measures plan and a provisional post-closure plan (Art. 7 CCS Directive). All of these proposals have to be approved by the competent national authority. The goal of this detailed planning is to remove as many risks as possible before the start of CCS activities. Additionally, the CCS Directive imposes strict criteria on the CCS operator with regard to technical competence, the competence of the employees and financial capacity to perform the storage activities. The last stage in the CCS storage project, i.e. site closure and transfer of liability, is one of the contested parts of the CCS Directive. Once the storage location is fully injected the operator is under the obligation to permanently close the storage location (Art. 17 CCS Directive). The national competent authority will monitor the site and if necessary perform corrective measures. The cost for such corrective measures will 5 Although the amendment was passed it still has to be ratified by a number of states.
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Related to European Law

  • European Monetary Union If, as a result of the implementation of European monetary union, (a) any currency ceases to be lawful currency of the nation issuing the same and is replaced by a European common currency, then any amount payable hereunder by any party hereto in such currency shall instead be payable in the European common currency and the amount so payable shall be determined by translating the amount payable in such currency to such European common currency at the exchange rate recognized by the European Central Bank for the purpose of implementing European monetary union, or (b) any currency and a European common currency are at the same time recognized by the central bank or comparable authority of the nation issuing such currency as lawful currency of such nation, then (i) any Loan made at such time shall be made in such European common currency and (ii) any other amount payable by any party hereto in such currency shall be payable in such currency or in such European common currency (in an amount determined as set forth in clause (a)), at the election of the obligor. Prior to the occurrence of the event or events described in clause (a) or (b) of the preceding sentence, each amount payable hereunder in any currency will continue to be payable only in that currency. The Borrowers agree, at the request of the Required Lenders, at the time of or at any time following the implementation of European monetary union, to enter into an agreement amending this Agreement in such manner as the Required Lenders shall reasonably request in order to avoid any unfair burden or disadvantage resulting from the implementation of such monetary union and to place the parties hereto in the position they would have been in had such monetary union not been implemented, the intent being that neither party will be adversely affected economically as a result of such implementation and that reasonable provisions shall be adopted to govern the borrowing, maintenance and repayment of Loans denominated in currencies other than Dollars after the occurrence of the event or events described in clause (a) or (b) of the preceding sentence.

  • Moratorium legislation To the full extent permitted by law all legislation which at any time directly or indirectly:

  • European Union The academic use restriction in Section 12.d(i) below does not apply in the jurisdictions listed on this site: (xxx.xx/xxxxxxxxxxx).

  • Canadian Anti-Money Laundering Legislation (a) Each Loan Party acknowledges that, pursuant to the Proceeds of Crime Act and other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” laws (collectively, including any guidelines or orders thereunder, “AML Legislation”), the Secured Parties may be required to obtain, verify and record information regarding the Loan Parties and their respective directors, authorized signing officers, direct or indirect shareholders or other Persons in control of the Loan Parties, and the transactions contemplated hereby. Each Loan Party shall promptly provide all such information, including supporting documentation and other evidence, as may be reasonably requested by any Secured Party or any prospective assignee or participant of a Secured Party, in order to comply with any applicable AML Legislation, whether now or hereafter in existence.

  • Applicable Legislation If and to the extent that any provision of this Agreement limits, qualifies or conflicts with a mandatory requirement of Applicable Legislation, the mandatory requirement will prevail. The Corporation and the Subscription Receipt Agent each will at all times in relation to this Agreement and any action to be taken hereunder observe and comply with and be entitled to the benefits of Applicable Legislation.

  • Relevant Law This Agreement shall be construed and enforced in accordance with the laws of the United States and State of Michigan.

  • Corrupt Practices Legislation Neither the Company nor its Subsidiaries or affiliates nor any of their respective officers, directors, employees, consultants, representatives or agents acting on behalf of the Company or any of its Subsidiaries or affiliates, has (i) violated any anti-bribery or anti-corruption laws applicable to the Company or any Subsidiary, including Canada’s Corruption of Foreign Public Officials Act and the U.S. Foreign Corrupt Practices Act, or (ii) offered, paid, promised to pay, or authorized the payment of any money, or offered, given, promised to give, or authorized the giving of anything of value, that goes beyond what is reasonable and customary and/or of modest value: (X) to any Government Official, whether directly or through any other Person, for the purpose of influencing any act or decision of a Government Official in his or her official capacity; inducing a Government Official to do or omit to do any act in violation of his or her lawful duties; securing any improper advantage; inducing a Government Official to influence or affect any act or decision of any Governmental Entity; or assisting any representative of the Company or any Subsidiary or affiliate in obtaining or retaining business for or with, or directing business to, any Person; or (Y) to any Person in a manner which would constitute or have the purpose or effect of public or commercial bribery, or the acceptance of or acquiescence in extortion, kickbacks, or other unlawful or improper means of obtaining business or any improper advantage. Neither the Company nor its Subsidiaries or affiliates nor any of their respective officers, directors, employees, consultants, representatives or agents, has (i) conducted or initiated any review, audit, or internal investigation that concluded the Company or its Subsidiaries or affiliates, or their respective officers, directors, employees, consultants, representatives or agents violated such laws or committed any material wrongdoing, or (ii) made a voluntary, directed, or involuntary disclosure to any Governmental Entity responsible for enforcing anti-bribery or anti-corruption laws, in each case with respect to any alleged act or omission arising under or relating to noncompliance with any such laws, or received any notice, request, or citation from any Person alleging non-compliance with any such laws.

  • Implementation Legislation The Contracting Parties shall enact any legislation necessary to comply with, and give effect to, the terms of the Agreement.

  • Data Protection Legislation the UK Data Protection Legislation and any other European Union legislation relating to personal data and all other legislation and regulatory requirements in force from time to time which apply to a party relating to the use of Personal Data (including, without limitation, the privacy of electronic communications) and the guidance and codes of practice issued by the Information Commissioner or relevant government department in relation to such legislation.

  • Anti-Money Laundering Legislation (a) Each Loan Party acknowledges that, pursuant to the Proceeds of Crime Money Laundering) and Terrorist Financing Act (Canada) and other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” laws, under the laws of Canada (collectively, including any guidelines or orders thereunder, “AML Legislation”), Agent and Lenders may be required to obtain, verify and record information regarding each Loan Party, its respective directors, authorized signing officers, direct or indirect shareholders or other Persons in control of such Loan Party, and the transactions contemplated hereby. Administrative Borrower shall promptly provide all such information, including supporting documentation and other evidence, as may be reasonably requested by any Lender or Agent, or any prospective assign or participant of a Lender or Agent, necessary in order to comply with any applicable AML Legislation, whether now or hereafter in existence.

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