Local Custom Sample Clauses
The 'Local Custom' clause defines how local trade practices or customs may influence the interpretation or execution of a contract. In practice, this clause may specify that, unless otherwise stated, the established customs of a particular region or industry will supplement or clarify the contract’s terms. For example, if a contract is silent on a delivery method, the standard practice in that locality may be used to fill the gap. This clause ensures that parties have a clear understanding of how unwritten local norms may affect their obligations, reducing ambiguity and potential disputes over differing expectations.
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Local Custom. Notwithstanding anything herein to the contrary, if requested by the Required Banks, all Loans made hereunder shall be made in compliance with local market custom and legal practice as determined solely by the Agent, whether or not such custom and legal practices have the force of law.
Local Custom. Seller and Buyer shall prorate at the Closing all other items customarily apportioned in connection with sales of similar property in the City of Chicago, ▇▇▇▇ County, Illinois.
Local Custom. 46 VIII. GUARANTY........................................................................................47
Local Custom. 42 8.11 Table of Contents and Headings...................................................... 42 8.12
Local Custom. Any costs related to (i) state, city, county and municipal recording fees and all related charges, costs and expenses in connection with the recording of the Deeds; (ii) premiums for any Title Policy and the cost of any and all endorsements to any such policies; (iii) any and all transfer taxes, deed taxes, sales taxes, stamp taxes, intangibles taxes or similar taxes imposed with respect to the Transactions; and (iv) any and all costs and expenses incurred in connection with the preparation and filing of the Transfer Tax Forms shall be paid in accordance with local custom of each Facility, which local custom is set forth on Schedule 5.5.3 attached hereto.
Local Custom. Notwithstanding anything herein to the contrary, all Foreign Loans made hereunder shall be made in compliance with Local Market custom and legal practice as determined solely by the Agent whether or not such custom and legal practices have the force of law. The Agent shall promptly notify the Company of any change in custom or legal practice which will affect any outstanding Foreign Loan.