Regulatory Aspects Clause Samples
The "Regulatory Aspects" clause defines the obligations of the parties to comply with all applicable laws, regulations, and governmental requirements relevant to the agreement. This typically includes ensuring that products, services, or activities under the contract meet industry standards, obtain necessary permits, and adhere to safety or environmental rules. By including this clause, the contract ensures that both parties are aware of and responsible for legal compliance, thereby reducing the risk of regulatory violations and associated penalties.
Regulatory Aspects. Taking into account the temporary restriction imposed on Telecom Argentina to provide the Television Subscription Services by Physical Link and/or Radio Electrical Link, the Merger Effective Date is subject, among other conditions, to obtaining the ENACOM Authorization, which is the Regulatory Authority in charge of ensuring compliance with Decree No. 267/2015 and 1340/2016, and the Parties hereby agree to make their best efforts to obtain such authorization. Section Sixteen. Applicable Law and Jurisdiction. This Preliminary Merger Agreement is governed by Argentine laws. Any conflicts arising from the interpretation or performance of this Agreement shall be submitted to the jurisdiction of the Ordinary Commercial Courts of the City of Buenos Aires and the Parties hereby expressly waive any other jurisdiction.
Regulatory Aspects. Subject to the other conditions stated in this agreement, in the event of any query or clarification sought by RBI, in respect of any Transaction, One97 shall promptly provide the relevant details, including but not limited to account and payment transaction details, as may be required by RBI or any other regulatory authority in India. Entity assures, undertakes and guarantees that the services as detailed in this Schedule shall not be processed through the Payment Gateway Facilities through Paytm Platform.
i. Adult goods and services which includes pornography and other sexually suggestive materials (including literature, imagery and other media); escort or prostitution services;
ii. Alcohol which includes Alcohol or alcoholic beverages such as beer, liquor, wine or champagne ;
iii. Body parts which includes organs or other body parts;
iv. Bulk marketing tools which includes email lists, software, or other products enabling unsolicited email messages (Spam);
v. Cable descramblers and black boxes which includes devices intended to obtain cable and satellite signals for free;
vi. Child pornography which includes pornographic materials involving minors;
vii. Copyright unlocking devices which includes Mod chips or other devices designed to circumvent copyright protection;
viii. Copyrighted media, which includes unauthorized copies of books, music, movies, and other licensed or protected materials;
ix. Copyrighted software, which includes unauthorized copies of software, video games and other licensed or protected materials, including OEM or bundled software;
x. Counterfeit and unauthorized goods which includes replicas or imitations of designer goods; items without a celebrity endorsement that would normally require such an association; fake autographs, counterfeit stamps, and other potentially unauthorized goods;
xi. Drugs and drug paraphernalia which includes illegal drugs and drug accessories, including herbal drugs like salvia and magic mushrooms;
xii. Drug test circumvention aids which includes drug cleansing shakes, urine test additives, and related items;
xiii. Endangered species, which includes plants, animals or other organisms (including product derivatives) in danger of extinction;
xiv. Gaming/gambling which includes lottery tickets, sports bets, memberships/ enrolment in online gambling sites, and related content;
xv. Government IDs or documents which includes fake IDs, passports, diplomas, and noble titles;
xvi. Hacking and cracking materials whi...
Regulatory Aspects. Subject to the other conditions stated in this agreement, in the event of any query or clarification sought by RBI and/or any other regulatory or law enforcement agency, in respect of any Transaction, One97 shall promptly provide the relevant details, including but not limited to account and payment transaction details, as may be required by RBI or any other regulatory and law enforcement agency..
1. SCOPE
1.1. One97 has signed up agreements with various banks/ financial institutions i.e., Participating Banks and is in the process of signing up agreements with more banks and companies offering Online Payment Gateway facilities, Participating Bank services and Net banking Services as well as third party service providers i.e., Facility Providers and have arrangement with all of them for accepting instructions from the Customers of the Entity through the internet/mobile channels in respect of payments to be made by the Customers to the Entity for purchase of Goods and/or Services and accordingly transfer funds from the Customer’s Bank Account to the One97’s Nodal Bank Account.
1.2. The Participating Banks and Facility Providers offer various facilities to One97 through the internet, which facilities and services includes Net Banking Facilities, Internet Payment Gateway Facilities, Internet based electronic commerce and providing authorization (from third party clearing house networks) and Settlement Facilities in respect of payment instructions initiated by the Entity’s Customers on the Entity’s Site. These facilities will be hereinafter referred to as the “Net Banking Facilities”.
1.3. One97, through its Paytm Platform, will enable the Entity to link up with various payment gateways and Participating Banks so as to enable the Entity’s Customers to pay for the Transaction Amount through the Entity’s Site
1.4. One97 shall provide services to Entity only to the extent of intermediary, facilitator, enabler of payment platform service. At no point of time, ownership of the Goods / Services sold by Entity through the Entity WebSite/Mobile Application/Billing Systems shall be transferred to One97.
1.5. Entity understands that in order to avail the Paytm Platform Services and Participating Banks Services, the Entity must be approved by and registered with One97, the Participating Bank and Nodal Bank. Any undertaking with respect to the Paytm Platform Services under this Agreement shall be subject to One97’s, the Participating Bank’s and Nodal Bank’s approval and co...
Regulatory Aspects. As Wisdom Gateway is a substantial shareholder of the Company, and each of LCHK and OIS Realty is a wholly-owned subsidiary of Wisdom Gateway, the Transactions constitute continuing connected transactions for the Company under the Listing Rules. On the basis that the Aggregate Annual Cap Amount as revised in respect of the two financial years ending 31 March 2013 and 2014 respectively and also the annual rent payable under the Tenancy Agreement would each exceed the applicable de minimis level, being HK$1.0 million, under Rule 14A.33(3)(c) of the Listing Rules, while all applicable percentage ratios as set out in Rule 14.07 of the Listing Rules are below the 5% threshold under Rule 14A.34 of the Listing Rules, the Transactions are exempt from independent shareholders’ approval requirement, but are subject to requirements regarding announcement and reporting etc. under Rules 14A.37 to 14A.40 and Rules 14A.45 to 14A.47 of the Listing Rules. Going forward, no further announcement will be issued by the Company on each occasion any member of the Group enters into Individual Agreement(s) with any subsidiary of Wisdom Gateway in future, subject to the fulfillment of the conditions stipulated in the Master Agreement as Revised, particularly the Aggregate Annual Cap Amount as revised not being exceeded.