FSI Sample Clauses
The FSI (Force, Severity, and Impact) clause defines how parties address situations where unforeseen events or circumstances significantly affect the performance of contractual obligations. Typically, this clause outlines the types of events considered (such as natural disasters, government actions, or other force majeure events), the process for notifying the other party, and the potential remedies or adjustments to the contract, such as extensions of time or suspension of obligations. Its core practical function is to allocate risk and provide a clear framework for managing disruptions, ensuring that neither party is unfairly penalized for events beyond their control.
POPULAR SAMPLE Copied 1 times
FSI. FSI, its lessees, tenants, licensees and persons authorized by FSI and the Owner or occupier of the Government Accommodation shall have the additional rights set out in Schedule 8. Such rights and all other rights, easements and privileges of FSI, its lessees, tenants, licensees and persons authorized by FSI and the Owner or occupier of the Government Accommodation under this Deed may be exercised from time to time without the permission, approval, consent or concurrence of any other Owner, the Manager, the Owners’ Corporation or any other person.
FSI and Lessor has terminated all of their rights, title and interest in the Existing Lease on the terms and subject to the conditions set forth herein.
FSI. Subject to the terms of this Agreement, as full consideration for the sale, assignment, transfer and delivery of the FSI Purchased Assets and the execution and delivery of this Agreement and the transactions contemplated hereby, Fresno 2 Sub shall deliver to FSI at the Closing One Million Two-Hundred Nine Thousand Dollars ($1,209,000) (the “FSI Purchase Price”), payable by wire transfer of immediately available funds. The FSI Purchaser Price is subject to adjustment in accordance with Section 2.3.
FSI. The obligation of FSI to consummate the Merger is subject to the satisfaction and fulfillment of each of the following conditions on or prior to the Effective Time, unless waived in writing by FSI:
FSI as sole shareholder of CME, and Metron, hereby agree that the Distribution Agreement between Metron and FSI Metron Europe, Ltd. dated December 31, 1996, is hereby terminated, and FSI as Sole Shareholder on behalf of CME, and Metron hereby fully and finally releases and forever discharges the other from claims and causes of actions directly or indirectly relating to or arising out of or otherwise in connection with the Distribution Agreement.