Rolls Clause Samples
The "Rolls" clause defines the process by which certain obligations, rights, or contracts are extended or renewed beyond their original term. Typically, this clause outlines the conditions under which a contract or agreement will automatically continue for an additional period unless one party provides notice to terminate or modify the terms. For example, a lease agreement might roll over on a month-to-month basis after the initial term expires. The core function of this clause is to provide continuity and predictability, ensuring that parties are not left without an agreement in place while also allowing for flexibility if either party wishes to end or renegotiate the arrangement.
Rolls. Royce shall, subject to the conditions set out in this Clause 11 and as the sole liability of Rolls-Royce in respect of any claims for infringement of industrial property rights, indemnify and defend Avianca against any claim that the use of any of the Products and Services by Avianca within any country to which at the date of such claim, the benefits of Clause 27 of the Convention on International Civil Aviation of 7th December 1944 (The Chicago Convention) apply, infringesany patent, [*], however, that Rolls-Royce shall not be liable to Avianca for any loss (whether direct or indirect):- [*]
Rolls. Royce agrees to sell and deliver to Avianca and Avianca agrees to buy and take delivery of spare Engines as set out in Schedule 2 to Exhibit E1 of this Agreement. Signature of this Agreement by the Parties and its entry into force in accordance with its terms shall constitute an Avianca purchase order therefor and Rolls-Royce’s acknowledgement of its acceptance.
Rolls. Royce and Avianca shall provide each other with reasonable assistance in obtaining and complying with any authorisations that may be required.
Rolls. Royce agrees that the Statement of Facts is true and accurate to the best of its knowledge and belief.
Rolls. Royce agrees that the SFO will prefer an Indictment numbered U20170036 (“the Indictment”).
Rolls. Royce agrees that its cooperation pursuant to paragraph 10 shall include, but not be limited to, the following:
a) disclosure of all information and material in its possession, custody or control, which is not protected by a valid claim of legal professional privilege or any other applicable legal protection against disclosure, in respect of its activities and those of its present and former directors, employees, agents, consultants, contractors and sub-contractors.
b) use of its best efforts to make available for interview, as requested by the SFO, present or former officers, directors, employees, agents and consultants of Rolls-Royce.
Rolls. Component parts of rolls including roll shell, bearings, seals, lubrication and assembly, are designed for basic life rating of not less than 100 000 hours..
Rolls. Royce is a company duly organised, validly existing and registered under the laws of England. Rolls-Royce has the corporate power and authority to enter into and perform its obligations under the Guarantee.
Rolls. (a) Prior to any Payment Installment Date, the Company may request that the Finance Provider refinance, in whole or in part, one or more Principal Installments due on such Payment Installment Date by providing a Roll Request Notice to the Finance Provider no later than 1:00 p.m. (London time) on the second Business Day prior to such Payment Installment Date. Each Roll Request Notice shall be irrevocable and effective upon receipt and shall specify the Principal Installment(s) to be refinanced pursuant to this Section 2.04 and the amount thereof (which shall be at least $250,000).
(b) If the Finance Provider has received a Roll Request Notice in accordance with clause (a) above, subject to satisfaction of the conditions set forth in Section 3.03, the Finance Provider shall release funds in an amount equal to the refinancing requested in such Roll Request Notice (such refinancing, a “Roll”) to the “Designated Account” (as defined in the Instalment Payment Agreement) of the Company not later than 7:00 p.m. (London time) on the Roll Date for such Roll. For the avoidance of doubt, the Finance Provider shall not be required to provide any Roll unless payments of the Principal Installments and Interest Installments then due and payable have been made.
Rolls. This Amendment amends the Employment Agreement (“Agreement”) entered into between Global Energy, Inc. (“Company”) and ▇▇▇▇▇▇ ▇. Rolls (“Employee”) that was effective as of February 1, 2006. Section 4.11 of the Agreement provides Employee and Company may amend the Agreement. Employee and Company desire to amend the Agreement and agree that the provisions in this Amendment shall replace the provisions in the Agreement effective June 1, 2007.