Parties' Intention Sample Clauses

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.
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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 Grem was to enter into dissolution or bankruptcy, it is the Parties’intentions Xxxxxx 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 Xxxxxx would be returned to Grem and cancelled.
Parties' Intention. In the event Germ was to enter into dissolution or bankruptcy, it is the Parties’ intentions Xxxxxx 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 Xxxxxx would be returned to Germ and cancelled.

Related to Parties' Intention

  • Parties’ Intent The parties intend that the provisions of this Amended Employment Agreement comply with the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations thereunder (collectively, “Section 409A”) and all provisions of this Amended Employment Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Section 409A. If any provision of this Amended Employment Agreement (or of any award of compensation, including equity compensation or benefits) would cause Executive to incur any additional tax or interest under Section 409A, the Company shall, upon the specific request of Executive, use its reasonable business efforts to in good faith reform such provision to comply with Code Section 409A; provided, that to the maximum extent practicable, the original intent and economic benefit to Executive and the Company of the applicable provision shall be maintained, and the Company shall have no obligation to make any changes that could create any additional economic cost or loss of benefit to the Company. The Company shall timely use its reasonable business efforts to amend any plan or program in which Executive participates to bring it in compliance with Section 409A. Notwithstanding the foregoing, the Company shall have no liability with regard to any failure to comply with Section 409A so long as it has acted in good faith with regard to compliance therewith.

  • Intent Subscriber is purchasing the Securities solely for investment purposes, for Subscriber’s own account (and/or for the account or benefit of its members or affiliates, as permitted, pursuant to the terms of an agreement (the “Insider Letter”) to be entered into with respect to the Securities between, among others, Subscriber and the Company, as described in the Registration Statement), and not with a view to the distribution thereof and Subscriber has no present arrangement to sell the Securities to or through any person or entity except as may be permitted under the Insider Letter. Subscriber shall not engage in hedging transactions with regard to the Securities unless in compliance with the Securities Act.

  • Intention of the Parties It is the intention of the parties that the Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) related thereto.

  • Intention of the Parties and Interpretation Each of the parties acknowledges and agrees that the purpose of Article XI of this Agreement is to facilitate compliance by the Securities Administrator, the Master Servicer and the Depositor with the provisions of Regulation AB promulgated by the SEC under the 1934 Act (17 C.F.R. §§ 229.1100 - 229.1123), as such may be amended from time to time and subject to clarification and interpretive advice as may be issued by the staff of the SEC from time to time. Therefore, each of the parties agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish that purpose, (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or guidance, convention or consensus among active participants in the asset-backed securities markets, advice of counsel, or otherwise in respect of the requirements of Regulation AB, (c) the parties shall comply (to the extent practical from a timing and information systems perspective) with requests made by the Securities Administrator, the Master Servicer or the Depositor for delivery of additional or different information as the Securities Administrator, the Master Servicer or the Depositor may determine in good faith is necessary to comply with the provisions of Regulation AB, and (d) no amendment of this Agreement shall be required to effect any such changes in the parties’ obligations as are necessary to accommodate evolving interpretations of the provisions of Regulation AB.

  • PARTIES TO AGREEMENT This agreement is between the University of Central Florida (UCF) on behalf of its Board of Trustees, for the benefit of the University of Central Florida Department of Housing and Residence Life (UCF DHRL), and any person seeking residence accommodations in any of the various UCF DHRL residences (the Student). If the Student is a minor, or suffers any incapacity affecting the Student’s legal ability to enter into a contract, the term the Student shall also include the Student’s parent or legal guardian. The Student may not designate another person to act as agent or representative of the Student with regard to this agreement (i.e., having a friend pick up or turn in keys). The Student remains personally responsible for all rights and obligations arising from or related to this agreement.

  • Obligation of the Parties 2.1 The Fund shall prepare and be responsible for filing with the SEC and any state securities regulators requiring such filing, all shareholder reports, notices, proxy materials (or similar materials such as voting instruction solicitation materials), prospectuses and statements of additional information of the Fund. The Fund shall bear the costs or registration and qualification of its Shares, preparation and filing of the documents listed in this Section 2.1 and all taxes to which an issuer is subject on the issuance and transfer of its shares.

  • Intention It is the intention of the parties and their affiliates that all disputes of any nature between them, whenever arising, whether in regard to this agreement or any other matter, from whatever cause, based on whatever law, rule or regulation, whether statutory or common law, and however characterized, be decided by arbitration as provided herein and that no party or affiliate be required to litigate in any other forum any disputes or other matters except for requests for injunctive or equitable relief. This agreement shall be interpreted in conformance with this stated intent of the parties and their affiliates.

  • The Agreement 1.1 This Agreement includes: (a) the Principal Document; (b) the Tariffs of each Party applicable to the Services that are offered for sale by it in the Principal Document (which Tariffs are incorporated into and made a part of this Agreement by reference); and, (c) an Order by a Party that has been accepted by the other Party.

  • Investment Intention The Purchaser is acquiring the Shares for its own account, for investment purposes only and not with a view to the distribution (as such term is used in Section 2(11) of the Securities Act of 1933, as amended (the "Securities Act") thereof. Purchaser understands that the Shares have not been registered under the Securities Act and cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available.

  • MUTUAL AGREEMENT PROCEDURE 1. Where a person considers that the actions of one or both of the Contracting States result or will result for him in taxation not in accordance with the provisions of this Agreement, he may, irrespective of the remedies provided by the domestic law of those States, present his case to the competent authority of the Contracting State of which he is a resident or, if his case comes under paragraph 1 of Article 24, to that of the Contracting State of which he is a national. The case must be presented within three years from the first notification of the action resulting in taxation not in accordance with the provisions of the Agreement.

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