General Exemption Clause Samples

A General Exemption clause serves to limit or exclude a party’s liability for certain types of losses, damages, or breaches under a contract. Typically, this clause specifies circumstances where one or both parties are not held responsible, such as events beyond their control or indirect damages. For example, it may state that neither party is liable for consequential losses arising from performance delays caused by natural disasters. The core function of this clause is to allocate risk and provide clarity on the boundaries of liability, thereby protecting parties from unforeseen or uncontrollable events.
General Exemption. The Agreement and the assistance thereunder are free from any taxes imposed under laws in effect in the territory of the Grantee.
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General Exemption. 1. Projects on residential or non-residential buildings, structures, or facilities less than 40 years old. Projects may include rehabilitation, but not construction or demolition. 2. Acquisition of property which is limited to the legal transfer of title with no physical improvements or changes proposed. 3. Projects consisting of grants or loans to eligible families or entities to be applied solely to the purchase, refinancing, or leasing of residences or businesses. 4. Grants or loans to participants in any Economic Development program funded by CDBG which may be used for working capital, equipment, furniture, fixtures, and debt refinancing, or acquisition of non-historic building for reuse. Such activities shall require the Indiana SHPO review only if such activities should involve changes to structures which are either listed in or are considered eligible for inclusion in the National Register. 5. Purchase of equipment; including but not limited to maintenance tools, or supplies, school buses, lawn mowers, kitchen appliances, books, furniture that does not require permanent installation, etc. 6. Environmental and other studies 7. Information and financial services 8. Administrative and management activities 9. Inspections and testing of properties for hazards or defects 10. Purchase of insurance 11. Engineering and design costs 12. Assistance for temporary or permanent improvements that do not alter environmental conditions and are limited to protection, repair or restoration activities necessary only to control or arrest the effects from disasters or imminent threats to public safety including those resulting from physical deterioration.
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General Exemption. Except as otherwise provided in subsections (b) and (c) of this section, the settlement lands received by the State Corporation shall not be subject to any form of Federal, State, or local taxation while held by the State Corporation.
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General Exemption. This Agreement shall not apply to the following plants and plant products except insofar as any such plants or plant products are explicitly made subject to specific measures of control provided in this Agreement or recommended by the Commission: (a) any plants imported for food or for analytical, medicinal or manufacturing purposes; (b) all seeds of annual or biennial field crops or vegetables, and all seeds or cut flowers of annual, biennial or perennial ornamental plants which are essentially herbaceous in character; and (c) any processed plant products.
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General Exemption. Funds received solely for the purpose of determining whether an individual should become a
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General Exemption. The HEALTH PLAN is exempt from STATE Prior Authorization and second surgical opinion procedures at Minnesota Rules, Part 9505.5000 to 9505.5105, and from certification for admission requirements at Minnesota Rules, Part 9505.0500 to 9505.0540.
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General Exemption. Each month during the period of the Force Majeure Event including the period required to restore the affected party's operations to their condition prior to the occurrence of the Force Majeure Event, Eastalco shall pay only for power and energy actually furnished and used by it at the rates set forth herein, and the provisions of this Agreement or of any power schedule made a part of this Agreement relating to any minimum payment for power or energy, including without limitation the minimum Billing Capacity and the minimum load Charge, shall not apply. During the Billing Period that the Force Majeure Event occurs and the Billing Period in which Eastalco returns to normal operations, the minimum Billing Capacity and the Minimum Load Charge shall not apply for those days of the Billing Period in which the Force Majeure Event was in effect and the Capacity Charge shall be reduced by the ratio of the number of days of the Billing Period in which the Force Majeure Event was in effect to the total number of days of the Billing Period.
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General Exemption. Payments made solely for the purpose of determining whether an individual should become a candidate are not expenditures. Exam- ples of activities permissible under this exemption if they are conducted to ▇▇- ▇▇▇▇▇▇▇ whether an individual should become a candidate include, but are not limited to, conducting a poll, tele- phone calls, and travel. Only funds per- missible under the Act may be used for such activities. The individual shall
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General Exemption. 72 Section 6.21.2. Medical Necessity Standard. 72 Section 6.22. Out of Network and Transition Services. 72 Section 6.22.1. Out of Network Services. 72 Section 6.22.2. Transition Services. 73 Section 6.22.3. Reimbursement Rate. 74
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Related to General Exemption

  • FINRA Exemption To enable ▇▇▇▇▇ to rely on Rule 5110(b)(7)(C)(i) of FINRA, the Company represents that the Company (i) has a non-affiliate, public common equity float of at least $150 million or a non-affiliate, public common equity float of at least $100 million and annual trading volume of at least three million shares and (ii) has been subject to the Exchange Act reporting requirements for a period of at least 36 months.

  • Offering Exemption Assuming the truth and accuracy of the representations and warranties contained in Section 7, this issuance and delivery to the Holder of this Note is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and will be registered or qualified (or exempt from registration or qualification) under applicable state securities and “blue sky” laws, as currently in effect.

  • Section 16(b) Exemption The Company shall take all actions reasonably necessary to cause the transactions contemplated by this Agreement and any other dispositions of equity securities of the Company (including derivative securities) in connection with the transactions contemplated by this Agreement by each individual who is a director or executive officer of the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act.

  • Securities Law Exemptions Assuming the accuracy of the representations and warranties of the Initial Purchasers contained in Section 1(b) (including Annex C hereto) and their compliance with their agreements set forth therein, it is not necessary, in connection with the issuance and sale of the Securities to the Initial Purchasers and the offer, resale and delivery of the Securities by the Initial Purchasers in the manner contemplated by this Agreement, the Time of Sale Information and the Offering Memorandum, to register the Securities under the Securities Act or to qualify the Indenture under the Trust Indenture Act.

  • Securities Act Exemption Neither the Holder nor anyone acting on behalf of the Holder has received any commission or remuneration directly or indirectly in connection with or in order to solicit or facilitate the Exchange. The Holder understands that the Exchange contemplated hereby is intended to be exempt from registration by virtue of Section 3(a)(9) of the Securities Act. The Holder understands that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Holder set forth herein for purposes of qualifying for the exemption under Section 3(a)(9) of the Securities Act as well as qualifying for exemptions under applicable state securities laws.