Intended Effect Sample Clauses

The "Intended Effect" clause defines the specific outcome or purpose that the parties expect to achieve through the agreement or a particular provision within it. This clause typically clarifies the goals or objectives, such as ensuring a product meets certain standards or a service delivers a particular result. By explicitly stating the intended effect, the clause helps prevent misunderstandings and disputes by aligning both parties on the expected results, thereby ensuring clarity and mutual understanding regarding the contract's objectives.
Intended Effect. There shall be no duty to bargain over the decision to exercise the management rights described in Sections 1 & 2, above.
View SourceView Similar (3)
Intended Effect. It is understood that the Hospital shall not be obligated to bargain with the Union over the decision to exercise, or the effects of the exercise, of the management rights described in this Article. Additionally, the Hospital’s exercise of its management rights described in this Article shall not be subject to the grievance and arbitration provisions of this Agreement. The terms and provisions of this Agreement shall be effective only so long as the facility described in the Article entitled "Recognition" are in operation, and it is recognized that the Hospital shall have the unrestricted right and privilege in its sole discretion, to suspend or cease the operations of the facilities or its businesses at the facilities, or any phase or part of such business or operations, whenever, in the opinion of the Hospital, good business judgment makes such curtailment or discontinuance advisable.
View SourceView Similar (2)
Intended Effect. It is the intention of RSI and JAH that at JAH's option the governance and liquidity rights set forth in this Agreement shall be transferred to JAH at such time as JAH owns a Beneficial Ownership of a Majority of the Shares of Series C Preferred Stock (as defined by the CA Agreement); provided, that simultaneously therewith RSI shall be entitled to certain of the rights of JAH set forth in this Agreement.
View Source
Intended Effect. It is understood that the Hospital shall not be obligated to bargain with the Union over the decision to exercise, or the effects of the exercise, of the management rights described in Sections 1 and 2, above.
View Source

Related to Intended Effect

  • Limited Effect Except as expressly amended and modified by this Amendment, the Existing Repurchase Agreement shall continue to be, and shall remain, in full force and effect in accordance with its terms.

  • Tax Effect The federal tax consequences of stock options are complex and subject to change. Each person should consult with his or her tax advisor before exercising any Option or disposing of any Shares acquired upon the exercise of an Option.

  • No Effect Failure by the Company to comply with any of the obligations set forth above shall not affect the status of the Company as a separate legal entity, with its separate assets and separate liabilities.

  • Confirmation and Effect The provisions of the Credit Agreement (as amended by this First Amendment) shall remain in full force and effect in accordance with its terms following the effectiveness of this First Amendment, and this First Amendment shall not constitute a waiver of any provision of the Credit Agreement or any other Loan Document, except as expressly provided for herein. Each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof’, “herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.

  • Continued Effect Except as expressly supplemented and amended by this Supplemental Indenture, the Original Indenture shall continue in full force and effect in accordance with the provisions thereof, and the Original Indenture (as supplemented and amended by this Supplemental Indenture) is in all respects hereby ratified and confirmed. This Supplemental Indenture and all its provisions shall be deemed a part of the Original Indenture in the manner and to the extent herein and therein provided.