Legal Nature. 4.1 This MoU is a statement of intent and does not create any directly or indirectly enforceable rights. The Participants will fulfil their responsibilities under this MoU on a best-efforts basis.
Legal Nature. The Parties expressly affirm that this Cooperation Agreement is not a legally binding contract, save for Article 4, but it is intended to confirm the basic settings agreed upon and the goodwill of the Parties to materialise a fruitful collaboration.
Legal Nature. 2.1.1 The Concession, subject matter of this Contract, is granted as a part of the process carried out by the State of the Republic of Peru, represented by the GRANTOR, for the transfer of productive activities to the private sector. This process is aimed at improving the quality of services and increasing the scope of the Airport Infrastructure in the country in order to contribute to the development of foreign trade, tourism and regional integration.
Legal Nature. The Plan and any RIU Award are made as and constitute a discretionary ex gratia payment (Gratifikation/Sondervergütung) within the meaning of Art. 322d of the Swiss Code of Obligation.
Legal Nature. The Plan and any Option Award are made as and constitute a discretionary ex gratia payment (Gratifikation/Sondervergütung) within the meaning of Art. 322d of the Swiss Code of Obligation.
Legal Nature. ACSUG is a public body with full legal status independent from that of its members, with full legal capacity as required in order to comply with its objectives.
Legal Nature. 24.1 The Parties acknowledge and agree that this agreement is not intended to be legally binding
Legal Nature. This MoC is a statement of intent and does not create any enforceable rights or obligations. The Parties will fulfil their tasks under this MoC willingly on best-effort basis respecting the rights and responsibilities of the Parties. This MoC does not modify or supersede any national or EU laws nor does it affect any provisions from the respective universities or other multilateral or bilateral agreements in force and applicable to the Parties
Legal Nature. 4.5.1 The Joint Venture Company will be a Chinese legal person and an autonomous economic entity.
Legal Nature. The Plan and any PSU Award are made as and constitute a discretionary ex gratia payment (Gratifikation/Sondervergütung) within the meaning of Art. 322d of the Swiss Code of Obligation.
