IMPLEMENTATION AND INTERPRETATION Clause Samples
POPULAR SAMPLE Copied 4 times
IMPLEMENTATION AND INTERPRETATION. This Agreement is intended to implement Section I.B. of the MOU and compensate ARMC for lost revenue resulting from the preference given to CUSM medical students in teaching rotations at ARMC, by providing ARMC with the benefits of this Agreement in lieu of the “yearly cash payment to ARMC” required by the MOU. The Parties agree that CUSM’s performance in full of its obligations under this Agreement over the entire Term shall satisfy any past, present, or future obligation to compensate ARMC under Section I.B. of the MOU. Other than as specifically set forth in this Agreement, with respect to CUSM’s obligation to compensate ARMC for lost revenue resulting from the preference given to CUSM medical students in teaching rotations at ARMC during the Term, this Agreement is not intended to amend or modify the MOU, and the MOU shall in all other respects continue to remain in full force and effect and continue to bind the parties in accordance with its terms.
IMPLEMENTATION AND INTERPRETATION. 11.7.1 The Tax Act may be amended to provide for the implementation of this chapter.
11.7.2 Unless otherwise provided in this agreement and except to the extent that the context otherwise requires, words and phrases used in this chapter shall be deemed to have the meaning they have for the purposes of the federal Tax Act.
11.7.3 To the extent not inconsistent with this chapter, the Tax Act shall apply to the provisions of this chapter with such modifications as the circumstances require.
11.7.4 A settlement corporation shall be deemed for purposes of the Tax Act not to be a “specified financial institution”.
IMPLEMENTATION AND INTERPRETATION. This Agreement shall be implemented and interpreted, prior to the Effective Time, by the board of directors of SLPH, and following the Effective Time, by the board of directors of Ascent, (a) each of which shall have full power and authority to delegate and assign any matters covered hereunder to any other party or parties, including without limitation, any officers of SLPH or the Surviving Entity, as the case may be, and (b) the interpretations and decisions of which shall be final, binding and conclusive on all parties.