Rights and Obligations of Parties Sample Clauses
The 'rights and obligations of parties' clause defines the specific duties, responsibilities, and entitlements of each party involved in an agreement. It typically outlines what each party is required to do, such as delivering goods, making payments, or providing services, and what each party is entitled to receive in return. By clearly delineating these roles and expectations, this clause helps prevent misunderstandings and disputes, ensuring that all parties are aware of their commitments and the benefits they are to receive under the contract.
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Rights and Obligations of Parties upon Termination) and the Complex shall be transferred to the GOP or its designee in accordance with Article XV (Rights and Obligations of Parties upon Termination).
Rights and Obligations of Parties. The rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located; [PL 1995, c. 694, Pt. B, §2 (NEW); PL 1995, c. 694, Pt. E, §2 (AFF).]
Rights and Obligations of Parties. The obligations of (i) the Company, on the one hand, to the Stockholders, on the other hand, and (ii) the Stockholders, on the one hand, to the Company, on the other hand, are owed to them as separate and independent obligations of each party and each party will have the right to protect and enforce its rights under this Agreement without joining any other party in any proceedings. [The remainder of this page is intentionally left blank.]
Rights and Obligations of Parties. The rights and obligations of each of the parties in any of the property of either or both of them whenever and wherever acquired or located;
Rights and Obligations of Parties. Except as otherwise provided for herein, the termination of this Agreement for any reason shall be without prejudice to (without acting as a limitation):
i. Either party’s obligations of confidentiality provided for in Article 48 — CONFIDENTIAL INFORMATION / INTELLECTUAL PROPERTY;
ii. Either party’s right to receive all payments (including any amounts provided for in Article 5 — PRICING hereof) accrued hereunder prior to the date of such termination; and
iii. Any other remedies which either party may then or thereafter have hereunder or under law, equity or otherwise.
Rights and Obligations of Parties. 3
3.1. The Insurer shall 3
3.2. The Insurer shall have the right to 3
3.3. The Insured shall 3
3.4. The Insured shall have the right to 4
Rights and Obligations of Parties. 1. Nothing in this Chapter shall prevent a Party from preparing, adopting or applying technical regulations necessary for the protection of human health or safety, of animal or plant life or health or of the environment, for the prevention of deceptive practices, for ensuring the quality of its exports or for the protection of its essential security interests, or standards or related conformity assessment procedures, provided that such measures are not inconsistent with this Chapter.
2. Parties that are WTO Members affirm their rights and obligations with respect to each other under the TBT Agreement. While reserving their rights under the TBT Agreement, Parties that are WTO Members shall apply the provisions of Articles 1 through 10 of the TBT Agreement with respect to Parties that are not WTO Members, to the extent that such provisions are not already covered in this Chapter.
3. Notwithstanding that the provisions of this Chapter apply to developing country Parties that are not WTO Members, where a Party that is a developing country and not a WTO Member prepares, adopts or applies a technical regulation, standard or conformity assessment procedure, such regulation, standard or procedure shall be based on the TBT Agreement only to the extent of such Party’s capacity. On request of a Party with an interest in a product subject to a technical regulation, standard or conformity assessment procedure applied by such Party, those Parties shall engage promptly in bilateral technical discussions on the matter in accordance with the procedure under Article 11.
Rights and Obligations of Parties upon Termination) shall survive any termination or expiration of this Agreement until all provisions are fulfilled and all funds payable hereunder by the GOP are received by the Seller or the Lenders upon the sale or other disposal of the assets related to the Project, including, without limitation, proceeds from the enforcement by the Lenders of the security created by the Seller under or pursuant to the Project Agreements have been repatriated and, if the Seller or the Foreign Investors so desire in the case of Rupee funds, converted by the Seller or the Foreign Investors into Foreign Currency in accordance with the terms of this Agreement and repatriated.
Rights and Obligations of Parties.
3.1. The Insurer shall:
3.1.1. provide the Insurance Policy to the Insured to confirm the insurance carried out and also, provide the Insured with relevant application to carry out desired insurance;
3.1.2. receive the Insured’s application on occurrence of insured event for consideration;
3.1.3. draw up an insurance report on insured event and determine the amount of the insurance indemnification;
3.1.4. perform the duties herein with due diligence.
3.2. The Insurer shall have the right to:
3.2.1. check the fulfillment of the conditions and requirements provided under this Terms and Conditions and the Insurance Policy;
3.2.2. Cancel Insurance Agreement and suggest the Insured to sign a new agreement with modified terms and conditions therein, if usage conditions of the vehicle have been changed;
3.2.3. unilaterally cancel the Insurance Agreement (policy) and send a written notice to the Insured to that effect, if the information and facts on the vehicle specified in the application is inaccurate and/or false;
3.2.4. send the relevant questions/requests regarding the significant facts for the insurance to competent authorities;
3.2.5. upon occurrence of an event, request the Insured to provide all the information and documents provided under this Terms and Conditions which the Insurer considers necessary for fair assessment of the insured event;
3.2.6. exercise control over all procedures provided by law for settlement of claims of third parties towards the Insured;
3.2.7. inspect and make photos of the damaged vehicle of the Insured and take part in inspection and making photos of third party’s damaged or destructed property;
3.2.8. calculate (prepare cost-estimation) of the replacement/restoration value of the damaged vehicle (or third party’s damaged or destructed property);
3.2.9. not to indemnify the loss if the Insured has violated the obligations provided under this Terms and Conditions and the Insurance Policy or in cases, provided by the Georgian legislation;
3.2.10. not to pay the money exceeding the volume of loss, even if the sum insured exceeds the insured value (market value) during occurrence of the insured event;
3.2.11. in case the Insured has the overdue premium payment for the moment of insurance reimbursement the Insurer has the right to deduct such overdue amount from the reimbursement amount.
3.3. The Insured shall:
3.3.1. undertake the obligations and fulfill the terms and conditions provided under Agreement and the Insurance Polic...
Rights and Obligations of Parties. The obligations of (i) the Company, on the one hand, to the Shareholder and the Shareholder Parent, on the other hand, and (ii) the Shareholder and the Shareholder Parent, on the one hand, to the Company, on the other hand, are owed to them as separate and independent obligations of and each party will have the right to protect and enforce its rights under this Agreement without joining any other party in any proceedings. The Shareholder and the Shareholder Parent shall be jointly and severally liable for all costs, fees, expenses, indemnities and any other liabilities of either of them under this Agreement.