Market practices Sample Clauses
The 'Market practices' clause defines the requirement for parties to conduct their activities in accordance with the established norms and standards commonly accepted within a particular industry or market. In practice, this means that actions, transactions, or behaviors under the agreement should align with what is generally recognized as fair, reasonable, and customary by professionals in the relevant field. This clause helps ensure predictability and fairness by setting a benchmark for acceptable conduct, thereby reducing disputes over what constitutes appropriate or expected behavior in the context of the agreement.
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Market practices. In some securities markets, securities deliveries and payments therefor may not be or are not customarily made simultaneously. Accordingly, notwithstanding the Client’s Instruction to deliver Securities against payment or to pay for Securities against delivery, the Custodian may make or accept payment for or delivery of Securities at such time and in such form and manner as is in accordance with relevant local law and practice or with the customs prevailing in the relevant market.
Market practices. Each Licensee will (a) use commercially reasonable efforts to conduct business in a manner that reflects favorably at all times on the Licensor Technology and Licensor Non-Ethanol Technology and the good name, goodwill and reputation of Licensor; (b) avoid deceptive, misleading or unethical practices that are or might be detrimental to Licensor, the Licensor Technology or Licensor Non-Ethanol Technology, or the public, including but not limited to disparagement of Licensor, the Licensor Technology or Licensor Non-Ethanol Technology; (c) make no false or misleading representation with respect to the Licensor Technology or Licensor Non-Ethanol Technology; (d) not publish or use any misleading or deceptive advertising or marketing material; and (e) make no representations with respect to the Licensor Technology or Licensor Non-Ethanol Technology that are inconsistent with this Agreement. The Licensees have no right or authority to enter into any License Agreement on behalf of Licensor or to otherwise bind Licensor to any License Agreement except as expressly set forth in Section 6.2.
Market practices. Each member of the Company Group, as applicable, have, in all material respects, marketed, sold and issued the insurance policies and plans written by, and other products of, the Company Group in compliance with all applicable Laws in the respective jurisdictions in which such insurance policies and plans have been marketed, sold or issued. All advertising, promotional and sales materials and other marketing practices used by the Company Group or any agents and representatives thereof, have, in all material respects, complied and are currently in compliance with all applicable Laws in jurisdictions in which the marketing and sales materials are disbursed, and neither the manner in which the Company Group compensates any Person involved in the sale or servicing of insurance products that is not an insurance agent, nor, to Seller’s Knowledge, the conduct of any such Person, renders such Person an insurance agent under any applicable Laws, and the manner in which the Company Group compensates each Person involved in the sale or servicing of insurance or specialized health care service plan products on behalf of the Company Group is in compliance, in all material respects, with all applicable Laws.