No Designated Sample Clauses
The "No Designated" clause typically establishes that no specific individual, entity, or item has been formally assigned or identified for a particular role, responsibility, or purpose within the agreement. In practice, this means that neither party can claim that a person or asset has been officially designated unless explicitly stated elsewhere in the contract. For example, if a contract refers to a "designated representative" but includes a "No Designated" clause, it clarifies that no such representative exists unless one is later named. This clause helps prevent misunderstandings or disputes over implied assignments, ensuring that all designations are intentional and documented.
No Designated. Director shall be removed from office without the written consent of his Designating Party. With respect to any Designated Director, at the request of his Designating Party, all Stockholders shall take such action requested by such Designating Party to remove such Designated Director from office.
No Designated. Purchaser shall make any Claim in any circumstances whatsoever against either Vendor other than through the agency of the Purchaser against the Vendor pursuant to the terms of this Agreement, and the Purchaser undertakes to the Vendor to indemnify each Vendor and each other Selling Company which is a member of its Group on an after Tax basis against any Claim made against it or any Selling Company which is a member of its Group contrary to this clause 12.2.
No Designated. Beneficiary If the Participant dies on or after the date distributions begin and there is no Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the Participant’s remaining Life Expectancy calculated using the age of the Participant in the year of death, reduced by on for each subsequent year.