Our Actions Sample Clauses
The "Our Actions" clause defines the rights and responsibilities of the party issuing the contract regarding the actions they may take under the agreement. Typically, this clause outlines what the party can do in response to certain events, such as enforcing terms, providing services, or taking corrective measures if obligations are not met. For example, it may specify the steps the company can take if the other party breaches the agreement or fails to comply with its terms. The core function of this clause is to clarify the scope of permissible actions, ensuring both parties understand what responses or interventions are allowed, thereby reducing ambiguity and potential disputes.
Our Actions. We will maintain records to account for the Funds. We may pay interest on the Funds if the Collateral Account established is an interest-bearing account. Such interest will be added to the Collateral Account and will constitute proceeds securing your Obligations.
Our Actions. If this Agreement is terminated under either clause 11.1 or 11.2, we will immediately:
(a) cease work under this Agreement;
(b) protect property in our possession in which RTA has or may acquire an interest;
(c) demobilise from the Site all persons, Construction Plant, Temporary Works, vehicles, equipment and other things owned by or under the control of the NOPs;
(d) assign to RTA all rights and benefits under Subcontracts;
(e) provide RTA with possession of all materials and other things on the Site or off-Site for which the RTA has paid the Alliance for and deliver to RTA all necessary documents, which are required for the Alliance Works; and
(f) comply with any directions of RTA, including any directions to carry out the activities or do the things referred to in clauses 11.4(a) to (e) (inclusive).
Our Actions. If this Agreement is terminated under either clause 11.1 or 13.3(d), we will immediately:
(a) cease work under this Agreement;
(b) protect property in our possession in which RTA has or may acquire an interest;
(c) assign to RTA all rights and benefits under Subcontracts;
(d) provide and deliver to RTA all design documents, and electronic information, which are required for the Alliance Works; and
(e) comply with any directions of RTA, including any directions to carry out the activities or do the things referred to in clauses 11.3(a) to (d) (inclusive).
Our Actions. If this Agreement is terminated under either clause 11.1 or 11.2, we will immediately:
(a) cease work under this Agreement;
(b) protect property in our possession in which RMS has or may acquire an interest;
(c) demobilise from the Site all persons, Construction Plant, Temporary Works, vehicles, equipment and other things owned by or under the control of the NOPs;
(d) assign to RMS all rights and benefits under Subcontracts;
(e) provide RMS with possession of all materials and other things on the Site or off-Site for which the RMS has paid the Alliance for and deliver to RMS all necessary documents, which are required for the Alliance Works; and
(f) comply with any directions of RMS, including any directions to carry out the activities or do the things referred to in clauses 11.4(a) to (e) (inclusive).
Our Actions. Upon receipt of your Pay or Return instructions, we will update our system to reflect your decision as to each Exception and, as applicable, either return the Entry or post it to your Account on the applicable effective date. If you indicate that the Exception is an authorized recurring transaction, we will without further notice to you modify your preauthorization parameters to reflect that the payment is authorized. Once the preauthorization parameter is modified, we will not treat a recurrence of that Entry as an Exception unless the recurring Entry falls outside the parameters you have specified for “recurring exact amount” or “recurring maximum amount.”