RECITAL Clause Samples
A Recital clause serves to provide background information and context for the agreement, outlining the intentions and motivations of the parties involved. Typically found at the beginning of a contract, it summarizes the purpose of the agreement and the circumstances leading to its creation, such as identifying the parties and the general subject matter. The core practical function of a Recital is to clarify the context and objectives of the contract, which can aid in interpreting the parties' intentions if any disputes arise.
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RECITAL. Lender has agreed to make and Borrower has agreed to accept a loan in the original principal amount of $350,000,000.00 (the “Loan”). Lender is willing to make the Loan to Borrower upon the terms and subject to the conditions set forth in this Loan Agreement.
RECITAL. The Member has formed the Company as a limited liability company under the laws of the State of Delaware and desires to enter into a written agreement, in accordance with the provisions of the Delaware Limited Liability Company Act and any successor statute, as amended from time to time (the “Act”), governing the affairs of the Company and the conduct of its business.
RECITAL. The Company and Executive desire to enter into an Employment Agreement setting forth the terms and conditions of Executive’s employment with the Company.
RECITAL. Plan Provider acts as a trustee and/or servicing agent for defined contribution plans and/or deferred compensation plans (the "Plans") and invests and reinvests such Plans' assets as specified by an investment advisor, sponsor or administrative committee of the Plan (a "Plan Representative") generally upon the direction of Plan beneficiaries (the "Participants"). Plan Provider and Distributor desire to facilitate the purchase and redemption of shares (the "Shares") of the funds listed on Exhibit A hereto which may be amended from time to time by Distributor (the "Fund" or "Funds"), registered investment companies distributed by Distributor, on behalf of the Plans, through one or more accounts (not to exceed one per Plan) in each Fund (individually an "Account" and collectively the "Accounts"), subject to the terms and conditions of this Agreement. Distributor shall, on behalf of the Funds, pay to Plan Provider a fee in accordance with Exhibit A hereto. AGREEMENT
RECITAL. That the above recital of facts is true and correct and is hereby incorporated into this agreement.
RECITAL. As part of its ongoing program of research and development, the Company desires to retain distinguished scientists and other qualified individuals to advise the Company with respect to its intellectual property strategy and to assist it in the research, development and analysis of the Company's biological technology and products. In furtherance thereof, the Company desires to retain Advisor as described below, and the Company and Advisor desire to enter into this Agreement to affect such retention.
RECITAL. The Boeing Company ("MANUFACTURER") and Buyer have entered into Purchase Agreement 1830, dated as of June 27, 1995 (such purchase agreement as may be amended in accordance with the provisions thereof is hereinafter referred to as the "PURCHASE AGREEMENT") under which Manufacturer has agreed to manufacture and sell and Buyer has agreed to purchase certain Boeing 737-800 aircraft. Buyer has agreed to lease one (1) of such aircraft bearing manufacturer's serial number 28239 (the "AIRCRAFT") to the Agent pursuant to an Aircraft Lease Agreement between Buyer and Agent dated as of September 5, 2000 (the "LEASE"
RECITAL. The Company, the Lenders and the Agent desire to amend the Credit Agreement as provided below.
RECITAL. City selected Contractor to perform work for the City by a competitive bid process. Contractor submitted the lowest bid from a qualified responsible Bidder.
RECITAL. Agency is involved in a dispute or a project that requires the services of an Alternative Dispute Resolution (ADR) Provider. That dispute or project is known as _________________________________________ (the “Matter”). Contractor desires to perform the services described in this SOC (“Services”) with respect to the Matter.