Global will Clause Samples
A "Global will" clause establishes that a single will is intended to govern the distribution of a person's assets worldwide, rather than being limited to a specific country or jurisdiction. In practice, this means the will covers all property, bank accounts, and other assets the testator owns, regardless of where they are located. This clause is particularly useful for individuals with international assets, as it helps prevent conflicts between different national laws and ensures a unified approach to estate distribution.
Global will. (i) use its reasonable commercial efforts to fulfil or cause the fulfilment of the conditions set forth in Sections 3.1 and 5.1 as soon as reasonably possible to the extent the fulfilment of the same is within the control of Global;
(ii) use its reasonable commercial efforts, to preserve intact its business organizations and goodwill, to keep available the services of its officers and employees as a group and to maintain satisfactory relationships with suppliers, agents, distributors, customers and others having business relationships with it;
(iii) not take any action that would render, or that reasonably may be expected to render, any representation or warranty made by it in this Agreement untrue in any material respect; and
(iv) promptly notify the Challenger orally and in writing of any Material Adverse Change in respect of Global and of any material governmental or third party complaints, investigations or hearings (or communications indicating that the same may be contemplated);
Global will maintain insurance on its property with financially sound and reputable insurance companies against loss and damage in at least the amounts (and with only those deductibles customarily maintained, and against such risks as are typically insured against in the same general area, by Persons of comparable size engaged in the same or similar business as Global, and
Global will. 1.1. During the entire term of this Agreement, Global agrees to provide the following: