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.
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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.
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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...
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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.
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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.
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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.
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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.
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Related to Parties’ Intention

  • Intent (a) The parties recognize that each Transaction is a “repurchase agreement” as that term is defined in Section 101 of Title 11 of the United States Code, as amended (except insofar as the type of Securities subject to such Transaction or the term of such Transaction would render such definition inapplicable), and a “securities contract” as that term is defined in Section 741 of Title 11 of the United States Code, as amended (except insofar as the type of assets subject to such Transaction would render such definition inapplicable). (b) It is understood that either party’s right to liquidate Securities delivered to it in connection with Transactions hereunder or to exercise any other remedies pursuant to Paragraph 11 hereof is a contractual right to liquidate such Transaction as described in Sections 555 and 559 of Title 11 of the United States Code, as amended. (c) The parties agree and acknowledge that if a party hereto is an “insured depository institution,” as such term is defined in the Federal Deposit Insurance Act, as amended (“FDIA”), then each Transaction hereunder is a “qualified financial contract,” as that term is defined in FDIA and any rules, orders or policy statements thereunder (except insofar as the type of assets subject to such Transaction would render such definition inapplicable). (d) It is understood that this Agreement constitutes a “netting contract” as defined in and subject to Title IV of the Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) and each payment entitlement and payment obligation under any Transaction hereunder shall constitute a “covered contractual payment entitlement” or “covered contractual payment obligation”, respectively, as defined in and subject to FDICIA (except insofar as one or both of the parties is not a “financial institution” as that term is defined in FDICIA).

  • Intention of the Parties The execution and delivery of this Agreement shall constitute an acknowledgment by the Seller and the Issuer that they intend that the assignment and transfer herein contemplated constitute a sale and assignment outright, and not for security, of the Receivables and Other Conveyed Property, for non-tax purposes, conveying good title thereto free and clear of any Liens, from the Seller to the Issuer, and that the Receivables and the Other Conveyed Property shall not be a part of the Seller’s estate in the event of a bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceeding under any federal or State bankruptcy or similar law, or the occurrence of another similar event, of, or with respect to the Seller. In the event that such conveyance is determined to be made as security for a loan made by the Issuer, the Noteholders or the Certificateholder to the Seller, the Seller hereby grants to the Issuer a security interest in all of the Seller’s right, title and interest in and to the following property for the benefit of the Issuer Secured Parties, whether now owned or existing or hereafter acquired or arising, and this Agreement shall constitute a security agreement under applicable law (collectively, the “Sale and Servicing Agreement Collateral”): (a) the Receivables and all moneys received thereon after the Cutoff Date; (b) the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and any other interest of the Seller in such Financed Vehicles; (c) any proceeds and the right to receive proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors and any proceeds from the liquidation of the Receivables; (d) any proceeds from any Receivable repurchased by a Dealer pursuant to a Dealer Agreement as a result of a breach of representation or warranty in the related Dealer Agreement; (e) all rights under any Service Contracts on the related Financed Vehicles; (f) the related Receivable Files; (g) all of the Seller’s right, title and interest in its rights and benefits, but none of its obligations or burdens, under the Purchase Agreement, and the delivery requirements, representations and warranties and the cure and repurchase obligations of GM Financial under the Purchase Agreement; (h) all of the Seller’s (i) Accounts, (ii) Chattel Paper, (iii) Documents, (iv) Instruments and (v) General Intangibles (as such terms are defined in the UCC) relating to the property described in (a) through (g); and (i) all proceeds and investments with respect to items (a) through (h).

  • 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.