Parties’ Intention Sample Clauses
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Parties’ Intention. It is the intention of the parties that any if any term of this Agreement is capable of two meanings, one which would render it void and one which would render it valid, the term will have the meaning that renders it valid.
Parties’ Intention. By the terms of this Agreement, the Parties intend to provide for the joint sponsorship and administration of the Pension Plan and the establishment of a funding policy.
Parties’ Intention. It is the intent of all parties hereto and affected hereby in the execution and performance of this Charter, the Charter Documents and all related documentation to remain in strict compliance with all applicable laws from time to time in effect. Further, it is the intent of all parties hereto and affected hereby to evidence, by this Charter, a lease between the Owner, as lessor, and the Charterer, as lessee, rather than any other form of financial arrangement including specifically, but without limitation, a loan or other debt financing. Any and all payments, amounts, liabilities, commitment fees and other amounts expended and obligations of the Charterer incurred or arising in connection with this Charter, the Charter Documents and all related documentation are intended to evidence, lease payment obligations of the Charterer or reimbursements to the Owner and the Investors or their agents, representatives or designees, for services actually performed, goods actually furnished or provided, or other expenses or liabilities for which reimbursement is provided in connection with this Charter and the Charter Documents. To the extent that any such charge herein provided for or payment herein made is held or deemed to be held by a court of competent jurisdiction to be "interest", the parties hereto and affected hereby stipulate and agree that none of the terms and provisions contained in or pertaining to this Charter, the Charter Documents or any related document shall ever be construed to create a contract to pay for the use, forbearance or detention of money with interest at a rate or in an amount in excess of the maximum lawful non-usurious rate or amount of interest permitted to be charged, paid or received under said laws. For purposes of this Charter, the Charter Documents and all related documentation, "interest" shall include the aggregate of all charges which constitute interest under applicable laws, which term "applicable laws" shall include, but not be limited to, the laws of the State of New York and, to the extent they may apply, the laws of the United States of America, that are contracted for, chargeable or receivable under this Charter and all related documentation. The Charterer shall never be required to pay unearned interest on any of its obligations hereunder or in connection herewith and shall never be required to pay interest on any of its obligations hereunder or in connection herewith at a rate or in an amount in excess of the maximum la...
Parties’ Intention. In consolidating the existing award(s) and agreement(s), the parties have used their best endeavours to include those provisions which continue to have effect and discard provisions which are obsolete. The parties have made further alterations as a result of the 2007 round of bargaining.
Parties’ Intention. In the event Germ was to enter into dissolution or bankruptcy, it is the Parties’ intentions ▇▇▇▇▇▇ have a guarantee of any unsatisfied amount remaining, if any, from the full purchase price as a secured creditor of Germ. Any shares remaining in the possession of ▇▇▇▇▇▇ would be returned to Germ and cancelled.
Parties’ Intention. In the event Grem was to enter into dissolution or bankruptcy, it is the Parties’intentions ▇▇▇▇▇▇ have a guarantee of any unsatisfied amount remaining, if any, from the full purchase price as a secured creditor of Grem. Any shares remaining in the possession of ▇▇▇▇▇▇ would be returned to Grem and cancelled.
Parties’ Intention. The Parties intend that ownership of all Project Water Rights be transferred to RVIT, and the Parties agree to take all feasible measures as specified below to bring about that result. Among other things, the Parties propose to PG&E that it transfer all Project Water Rights in the Asset Transfer Agreement described in Section 10.2. The Parties further intend and agree that ERPA will transfer to RVIT those Project Water Rights that ERPA has received from PG&E, through the Subsequent Asset Transfer Agreement described in Section 10.3.