Principles and Examples Sample Clauses
The "Principles and Examples" clause defines the underlying rules or standards that govern the interpretation and application of the agreement, supplemented by illustrative scenarios. Typically, this clause outlines the general principles that should guide the parties' actions and decisions, and then provides specific examples to clarify how these principles are to be applied in practice. By combining abstract rules with concrete illustrations, the clause ensures that both parties have a clear and shared understanding of expectations, reducing ambiguity and minimizing the risk of disputes over interpretation.
Principles and Examples. The parties have set forth the examples in Exhibit B attached hereto to illustrate the application of this Article V and of Article VI below. The parties have also agreed that Tax Benefit Payments in respect of the Basket One Amount shall be payable without regard to whether Marathon or any member of the Marathon Group realizes an actual Tax savings from the use of the Basket One Deductions; that Tax Benefit Payments in respect of the Basket Two Amount shall be payable only to the extent that the Marathon Affiliated Group realizes an actual Tax savings from the use of the Basket Two Deductions on a "with and without" basis; and that any Specified Liability Deduction shall potentially give rise to a single Basket One Amount or Basket Two Amount and shall not be double-counted. Any uncertainties or ambiguities in the computation of the Tax Benefit Payments for any taxable year shall be resolved in a manner that is consistent with the examples in Exhibit B and with such principles.