Pending Settlement Clause Samples
The Pending Settlement clause defines the period or status in which a transaction or agreement is awaiting final completion or fulfillment of certain conditions. In practice, this clause applies to situations such as real estate sales, mergers, or financial transactions where all parties have agreed to terms, but the transfer of assets, funds, or ownership has not yet occurred due to outstanding requirements like regulatory approvals or documentation. Its core function is to clarify the rights and obligations of the parties during this interim phase, reducing uncertainty and managing expectations until the settlement is finalized.
Pending Settlement. Pending a settlement of an insurable claim, the employee shall be paid by the Employer, the amount he/she would be entitled to under the Workplace Health,
Pending Settlement. Pending a settlement of an insurable claim, the employee shall be paid by the Employer the amount she/he would be entitled to under the Workplace Health, Safety and Compensation Act. The existing benefit accumulation practices shall be retained for the life of this Agreement, unless agreed otherwise.
Pending Settlement. In respect of the period from execution of this agreement until Settlement ("Period") unless the prior written consent of Teal is given to act otherwise:
Pending Settlement. Pending a settlement of the insurable claim, the employee shall be paid by the Employer that amount they would be entitled to under the Workplace Health, Safety and Compensations Commission Act. The employee shall continue to receive the full benefits of this Agreement. Should the employee's claim be disallowed by the Workplace Health, Safety and Compensation Commission, then the time off shall be converted to sick leave and charged against the employee's accumulated sick leave credits. If the employee has no sick leave credits, the amount so paid shall be recovered from the employee over a reasonable period of time.
Pending Settlement. (1) The risk of all damage, destruction and/or loss to the Property from whatever cause shall be borne by the Buyer from and including the date of this Contract. The Seller is not liable to make any abatement of price or otherwise compensate the Buyer in this regard.
(2) The Seller shall not depasture or permit to be depastured on the Land prior to the Settlement Date any livestock other than the number depastured at the date of the Contract and their progeny.
(3) Until settlement the Seller may conduct the present business on the Land in a good and proper manner and in accordance with approved methods and shall take all steps necessary to maintain the Property included in this Contract in at least as good order and condition as they were in at the date of this Contract (fair wear and tear, fire, flood, drought, storm and tempest excepted).
(4) The Seller must take all steps reasonably necessary to keep any registrations required to conduct the Sellers business in force.
Pending Settlement. 10 7. SETTLEMENT............................................ 11 8.
Pending Settlement