ISN Clause Samples
The ISN (Initial Short Name) clause establishes a standardized abbreviation or code to identify a party, agreement, or transaction within a contract. In practice, this clause assigns a unique identifier—such as a three-letter code or acronym—that is used throughout the document to refer to the relevant entity or agreement, streamlining references and reducing ambiguity. Its core function is to ensure clarity and consistency in contractual documentation, minimizing the risk of confusion when multiple parties or agreements are involved.
ISN. If Contractor or any Contractor Party is classified as a Class 1 Contractor (as defined in the Contractor Safety Manual) by Company, Contractor and such Contractor Party shall register with Company’s vendor workplace safety management company, ISNetworld (“ISN”) and shall obtain and maintain during the Term an “Approved” status from ISN.
ISN. Abbreviation for Bull "Internal Software Notification," which --- is the vehicle by which problems and enhancement requests are communicated to the relevant Bull engineering organization by the Bull Level 2, Level 3 and Level 4 QA organizations and other engineering organizations.
ISN i. Return the investment of two hundred fifty thousand dollars ($250,000) plus interest at the rate of ten percent (10%) per annum payable from the October 20, 1998 investment date through the execution date (the "investment amount"), to DDN within thirty days of the full execution and delivery of this Agreement (the "execution date").
ii. Pay the amount of seventy thousand dollars ($70,000) to DDN by no later than 5:00 P.M. Pacific Standard Time on February 15, 1999 as full and complete compensation of the costs and expenses incurred by DDN in connection with the Merger Agreement.
iii. Execute and deliver this Agreement to DDN, ▇▇▇▇▇▇ and Lauderdale.
iv. Permit DDN to retain one hundred fifty thousand (150,000) shares of ISN.
ISN. (a) ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ owns all issued and outstanding shares of Integrated Systems Networks, Inc. ("ISN"), a corporation organized under the laws of the Commonwealth of Massachusetts with its principal place of business at ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇.
(b) On or before December 1, 1996 Buyer shall select and immediately implement one of the following options with regard to ISN:
(i) All issued and outstanding stock of ISN and its tangible and intangible assets as they exist now shall be transferred to Buyer by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ for no additional consideration; or
(ii) ISN shall be dissolved.
(c) Pending the implementation of one of the above options all net profits of ISN will be credited to Buyer and no assets tangible or intangible shall be assigned or transferred.
(d) In the event that Buyer is in default under the promissory note provided for in section 1.2 as of December 1, 1996, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ shall have no obligation to implement Buyer's exercise of any option set forth above until and unless such default has been cured.
ISN i. Pay a total of U.S. sixty thousand dollars ($60,000) to ▇▇▇▇▇ concurrently with the execution of this Agreement.
ii. Shall deliver an executed original of this Agreement to ▇▇▇▇▇ immediately upon execution.
ISN i. Delivery to the ISSUER, or to its Transfer Agent, the certificates representing 100% of the issued and outstanding stock of ISN.
ISN. Pay a total of U.S. fifty thousand dollars ($50,000) to ▇▇▇▇▇▇▇ concurrently with the execution of this Agreement. Shall deliver an executed original of this Agreement to ▇▇▇▇▇▇▇ immediately upon execution. Issue options to acquire up to 54,000 common shares of Internet Sports Network, Inc. at an exercise price of $6.00 per share. These options shall fall under the same general terms as the Option Agreement dated March 26, 1999, except that they are fully vested at the date of signing this agreement, and are at a price of $6.00 per share. A separate Option Agreement will be completed for these Options.