Introduction and Recordal Clause Samples
The 'Introduction and Recordal' clause serves to formally introduce the agreement and document the essential details of the parties involved. Typically, this clause outlines the names, addresses, and legal status of each party, and may specify the date and context under which the agreement is made. By clearly recording these foundational elements, the clause ensures that there is no ambiguity regarding who is bound by the contract and under what circumstances, thereby establishing a clear and official starting point for the agreement.
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Introduction and Recordal. 2.1 Netcash owns the Netcash System which it uses to provide Netcash Pay Now Services to the Client as more fully set out in this Annexure.
2.2 The Client wishes to enter into an agreement whereby it will be able to have access to the Netcash System in order to use the Netcash Pay Now Services, subject to the terms and conditions of this Annexure and the Master Agreement.
Introduction and Recordal. 2.1 The BRC owns 68.2% (SIXTY EIGHT POINT TWO PERCENT) and PRC owns 31.8% (THIRTY ONE POINT EIGHT PERCENT), respectively, of all right, title and interest in and to the Intellectual Property, including without limitation, copyright and trademarks, if any, in respect of the Establishment Survey SEM.
2.2 The Parties wish to enter into this Agreement in order to regulate the acquisition and use by the Licensee of the Establishment Survey SEM on the terms set out herein.
Introduction and Recordal. It is recorded that –
3.1 the Partner wishes to join the Partnership Program; and
3.2 BEE123 is willing to appoint the Partner to the Partnership Program, subject to the terms and conditions hereinafter set out.
Introduction and Recordal. 3.1. The Parties have entered into the Transaction Documents in order to facilitate (i) the funding of the Project Company and (ii) the several transactions contemplated in the Transaction Documents.
3.2. Pursuant to the transactions contemplated in the Transaction Documents, the Parties hereby wish to record the priority of the payments due under the Transaction Documents.
Introduction and Recordal. 2.1 Netcash conducts business providing a myriad of payment processing services which will be more fully set out in the relevant Annexure(s) (the "Netcash Services").
2.2 The Client wishes to enter into an agreement whereby it will be able to have access to some or all the Netcash Services subject to the terms and conditions of this Master Agreement and the applicable Annexure.
Introduction and Recordal. 2.1 Netcash owns the Netcash System which it uses to provide Debit Order Services to Clients, as more fully set out in this Annexure.
2.2 The Client wishes to enter into an agreement whereby it will be able to have access to the Netcash System in order to use the Debit Order Services, subject to the terms and conditions of this Annexure and the Master Agreement.
2.3 This document deals with the Debit Order Mandates which (i) are authorised by the Client’s Customers, and (ii) are levied against the Payer’s banking accounts, (the “Transaction(s))”. Unless otherwise indicated all clauses within this Annexure apply to debit orders which are levied against the Payer’s bank account, as well as debit orders against Cards.
Introduction and Recordal. 1.1 The Customer, , is a Customer by having opened an account and registered via the Encapsulate Consulting (“EC”) online registration form and by doing so has gone through the process whereby the Customer agreed to Encapsulates terms and conditions of payment (“Prelim Payment Terms”).
Introduction and Recordal. 1.1. Unless the context otherwise requires, all capitalised terms used herein are terms defined in the Sale Agreement which shall bear the same meaning when used herein.
1.2. It is recorded as follows -
1.2.1. the Parties entered into the Sale Agreement on or about 18 October 2017;
1.2.2. Coreland Property Investment Company Proprietary Limited has since changed its registered name to Harmony Moab Khotsong Operations Proprietary Limited; and
1.2.3. the Parties wish to enter into this addendum to the Sale Agreement (this "Addendum") to provide for an amendment to the Sale Agreement, whereby the change in identity of the Kopanang Purchaser is reflected.
Introduction and Recordal. 2.1. It is recorded that the Company requires the Services and wishes to appoint the Service Provider, to render the Services to the Company subject to the terms and conditions set out in this Agreement.
2.2. The Parties wish to formalise their business relationship by concluding the Agreement which regulates all aspects of their business and working relationship.
Introduction and Recordal. 2.1. It is recorded that immediately preceding the Effective Date, 100% (one hundred percent) of Sale Shares and the Claims in the Company held by the Seller.
2.2. The Parties have agreed that the Seller would sell the Sale Shares to the Purchaser and the Purchaser would purchase the Sale Shares from the Seller which would have the effect that the Company would become a wholly owned subsidiary of the Purchaser. The Parties have agreed that this Agreement will govern the sale contemplated in clauses 2.1 and 2.2 above and other matters ancillary thereto.