REGULATION REQUIREMENTS Clause Samples
The Regulation Requirements clause sets out the obligation for parties to comply with all applicable laws, rules, and government regulations relevant to the agreement. In practice, this means each party must ensure their actions, products, or services adhere to current legal standards, such as safety codes, environmental laws, or industry-specific regulations. This clause helps prevent legal violations and allocates responsibility, ensuring that both parties remain compliant and reducing the risk of regulatory penalties or contract breaches.
REGULATION REQUIREMENTS. 5.1 The Client is responsible for the full compliance of the advertisement with all legislative requirements and restrictions, including any applicable rules for misleading advertising and the at any time relevant broadcasting regulation from e.g. MPRT, DMC, CNMC and NENT’s own policies, if any.
5.2 Without prejudice to any other rights or remedies NENT may have under the Agreement (including these general terms and conditions), where the Client has not provided NENT with an advertisement conforming to the requirements and restrictions set out in section 5.1 earlier than three (3) Business Days before the first scheduled date of broadcast, NENT shall have no obligation to broadcast, and has the right to immediately stop broadcasting, the advertisement (as the case may be). NENT will use reasonable commercial efforts to notify the Client that the same cannot be broadcast. NENT shall in such case not bear any liability whatsoever to the Client (including, but not limited to, consequential loss which shall mean, without limitation, loss of profits, revenue and/or goodwill).
5.3 The Client acknowledges and accepts that NENT is required to comply with any rule, regulation or demand issued, from time to time, by e.g. MPRT, DMC, CNMC etc., and/or with any other applicable law or regulation or policy. The Client acknowledges and accepts that it may be necessary for NENT to request the Client to modify an advertisement to conform the advertisement to any such rule, regulation, demand or other applicable law or regulation or policy, but subject to clause 11 and this clause 5, the Client will not be required to comply with such request. The Client also acknowledges and accepts that it may be necessary for NENT to modify an advertisement in order to conform the advertisement to any such rule, regulation, demand or other applicable law or regulation or policy. If the Client decides not to comply with such request or to accept NENT’s modifications (as the case may be), and NENT therefore is prevented from broadcasting such advertisement, the Client is not required to pay for the booked Advertising Space, provided the Client has notified NENT in writing of its decision no later than five (5) Business Days before the scheduled date of broadcast. NENT shall in such case not bear any liability whatsoever to the Client (including, but not limited to, consequential loss which shall mean, without limitation, loss of profits, revenue and/or goodwill).
5.4 The Client shall have ...
REGULATION REQUIREMENTS. The State hereby assures and certifies that it will comply with the regulations, policies, guidelines, and requirements of the Commercial Motor Vehicle Safety Act of 1986, and the new Federal Common Rule 49 CFR, Part 18, 49 CFR, Part 90 (Audits of State and Local Governments), and 2 CFR, Part 225 (Cost Principles for State, Local, and Indian Tribal Governments) as they relate to the application, acceptance and use of Federal funds for this federally-assisted project.
REGULATION REQUIREMENTS. The State hereby assures and certifies that it will comply with the Federal statutes and regulations cited in this Agreement and 49 C.F.R. Part 18, Uniform Administrative Requirements for Grants and Cooperative Agreements, as they relate to the acceptance and use of Federal funds for this project. The project funded under this agreement is considered to be a categorical exclusion under 23 C.F.R. 771.117(c)(1).
REGULATION REQUIREMENTS. All fuel tanks and chemical storage areas should be provided with locks and be sited on paved areas.
REGULATION REQUIREMENTS. The Equityholder hereby represents and covenants, for the benefit of the Administrative Agent, the Lenders, the Collateral Agent (for the benefit of the Secured Parties) and, in respect of paragraphs (d) and (e) below only, the Servicer that, for so long as any Advance remains outstanding: (a) it will retain, as originator (for the purpose of the Securitisation Regulation), on an ongoing basis, a material net economic interest in the form specified in paragraph (d) of Article 6(3) of the Securitisation Regulation, being retention of the first loss tranche (as such term