No Regression Sample Clauses
A No Regression clause ensures that the standards, rights, or protections provided under an agreement will not be diminished or reduced over time. In practice, this means that if regulations, policies, or contractual terms are improved or strengthened, the parties cannot later revert to less favorable conditions, even if external laws or standards change. This clause is commonly used in environmental, labor, or human rights agreements to maintain a baseline of protections and prevent backsliding. Its core function is to safeguard against the erosion of agreed-upon standards, thereby providing stability and predictability for all parties involved.
No Regression. No faculty member employed part-time in the previous Academic Year will be paid at a lower hourly rate for the duration of the Agreement.
No Regression. The Collateral Manager therefore acknowledges and agrees that the issuer's obligations are solely corporate obligations of the Issuer, and the Collateral Manager may not use any of the Issuer's directors, officers, employees, shareholders or affiliates in respect of any expenses, losses, losses, judgments, assessments, payments, costs, claims, liabilities, in connection with liabilities or other liabilities in connection with any transactions scheduled for this agreement. Without prejudice to other provisions of this Agreement, the recourse requirements in respect of any obligations of the Issuer under it shall apply only to collateral applied under payment priority and for its exhaustion of all claims against the Issuer arising from this Agreement or all related transactions shall be extinguished and not subsequently resused. This Section 32 shall survive after termination of this Agreement. 27