FACTS Sample Clauses
The "FACTS" clause serves to establish the background information and relevant circumstances that form the basis of the agreement. It typically outlines key events, relationships, or understandings that have led the parties to enter into the contract, such as prior negotiations, existing obligations, or the purpose of the agreement. By clearly stating these foundational facts, the clause ensures that both parties have a shared understanding of the context, which helps prevent misunderstandings and provides a reference point for interpreting the contract's terms.
POPULAR SAMPLE Copied 1 times
FACTS. HPSX is a Country X entity that is subject to Country X tax on its worldwide income. HPSX is clas- sified as a partnership for Federal tax pur- poses. P, S, and FSX, are the sole partners of HPSX. For U.S. tax purposes, P, S, and FSX each has an equal interest in each item of HPSX’s profit or loss. HPSX carries on oper- ations in Country Y that, if carried on by a U.S. person, would constitute a foreign branch within the meaning of § 1.367(a)– 6T(g)(1).
FACTS. The Superintendent is the official charged with administering and enforcing Maine’s insurance laws and regulations.
FACTS. BPI or an Affiliate gives the Employee, or the Employee gives BPI, written notice of non-extension on or after the date that is six months before the fourth anniversary of the Commencement Date and before the date that is six months before the fifth anniversary of the Commencement Date.
FACTS. Neither the Company nor the Employee gives the other party written notice of non-extension before the date that is six months before the fourth anniversary of the Commencement Date. Result: Effective as of the date that is six months before the fourth anniversary of the Commencement Date, the term of the Agreement as extended in accordance with Example 1 above is further extended 12 months, so that it will expire on the fifth anniversary of the Commencement Date unless further extended in accordance with the provisions of Paragraph 2 of the Agreement.
FACTS. The Member has formed a limited liability company under the provisions of the Act by causing a Certificate of Formation to be filed with the Delaware Secretary of State;
FACTS. This agreement is based upon the following facts:
FACTS. What does Westerra Credit Union (“Westerra”) do with your personal information? Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. What? The types of personal information we collect and share depend on the product or service you have with us. This information can include: • Social Security number and income • Credit history and credit scores • Account balances and payment history How? All financial companies need to share members’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Westerra chooses to share; and whether you can limit this sharing.
FACTS. The Seller represents and warrants to PGE as follows:
(i) The Seller is the sole author and creator of the Literary Property.
(ii) The Literary Property was registered for copyright in the name of BLOOD, under copyright registration number (Pending) in the Office of the United States Register of Copyrights, Washington, D.C.
(iii) No motion picture or dramatic version of the Literary Property, or any part of it, has been manufactured, produced, presented or authorized; no radio or television development, presentation, or program based on the Literary Property, or any part of it, has been manufactured, produced, presented, broadcast or authorized; and no written or oral agreements or commitments at all with respect to the Literary Property, or with respect to any rights therein have been made or entered by or on behalf of the Seller (except with respect to the Publication of the Literary Property as set forth above).
FACTS. (A) P owns DRCX, a member of the P consolidated group. DRCX owns FSX. Under the Country X consolidation regime, a consolidated group may elect in any given year to use all or a portion of the losses of one consolidated group member to offset income of other con- solidated group members. If no such election is made in a year in which losses are gen- erated by a consolidated member, such losses carry forward and are available, at the elec- tion of the consolidated group, to offset in- come of consolidated group members in sub- sequent taxable years. Country X law does not provide ordering rules for determining when a loss from a particular taxable year is used because, under Country X law, losses never expire. In addition, Country X law does not provide ordering rules for determining when a particular type of loss (for example, capital or ordinary) is used.
FACTS. P and S organize a partner- ship, PRSX, under the laws of Country X. PRSX is treated as a partnership for both U.S. and Country X tax purposes. PRSX owns FBX. PRSX earns U.S. source income that is unconnected with its FBX branch operations, and such income is not subject to tax by Country X. In addition, such U.S. source in- come is not attributable to FBX under § 1.1503(d)–5.