Shared Obligations Clause Samples
The Shared Obligations clause defines the responsibilities and duties that both parties to an agreement are jointly required to fulfill. Typically, this clause outlines tasks such as maintaining confidentiality, complying with applicable laws, or cooperating in the performance of the contract, regardless of each party’s individual roles. By clearly specifying these mutual commitments, the clause ensures that both parties understand their joint responsibilities, promoting collaboration and reducing the risk of misunderstandings or disputes over shared tasks.
Shared Obligations. If an invoice or other evidence of an obligation is received which under the terms of this Article XIII is partially the obligation of Seller and partially the obligation of Buyer, then the parties shall consult with each other, the Partnership shall promptly pay such obligation to the obligee, and Seller shall promptly reimburse Buyer for Seller's portion so paid.
Shared Obligations. If monies are received by any party hereto which, under the terms of this Article XII, belong to another party, the same shall immediately be paid over to the proper party. If an invoice or other evidence of an obligation is received which under the terms of this Article XII is partially the obligation of Seller and partially the obligation of Buyer, then the parties shall consult each other and each shall promptly pay its portion of such obligation to the obligee, provided that if either party hereto shall fail promptly to pay its portion of such obligation to the obligee, the other party hereto shall have the right (but not the obligation) to pay such portion of such obligation, whereupon the defaulting party shall promptly reimburse such other party for the defaulting party's portion so paid, plus interest on said amounts until reimbursed, at the rate applicable under Article III above.
Shared Obligations. Both the Clearinghouse and the Institution will:
a. to the extent applicable, comply with the terms and conditions set forth in this MSA and with all applicable laws and regulations, including the HEA, FERPA, ▇▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Act, Fair Credit Reporting Act (15 U.S.C. §§ 1681 et seq.), and any applicable state, federal, or international laws concerning the privacy and security of the Confidential Information to be shared hereunder.
b. except as authorized under this MSA or to the extent required by applicable law, not use Confidential Information of the other party for any purpose.
c. except as authorized under this MSA or to the extent required by applicable law, not disclose Confidential Information of the other party to anyone other than Authorized Persons with a need-to-know to enable parties to perform their obligations under this MSA.
d. require any of its Authorized Persons who have access to Confidential Information to agree to the same restrictions, conditions, and requirements at least as restrictive as those that apply to the parties under this MSA.
e. be responsible for any unauthorized creation, collection, receipt, transmission, access, storage, disposal, use, or disclosure of Confidential Information from the other party under its control or in its possession (including by its Authorized Persons).
f. use only secure methods, according to accepted industry standards, when transferring or otherwise making available Confidential Information to the other party, or when storing Confidential Information received from the other party.
Shared Obligations. The parties will:
A. Enter into agreement and the Owner (or designee) will provide some Waiver Agent funded services such as home delivered meals, transportation, housekeeping or others.
B. Work in collaboration in selecting an on-site provider of personal care and health-related services and in assuring AAL tenants have informed choice opportunities in determining who will provide Waiver Agent funded services at this AAL residence.
C. Comply with all applicable housing and service requirements from all funders.
D. Coordinate program development activities with MSHDA, MSHDA’s project consultant(s) and other administrative supports defined by MSHDA, in the development of AAL housing and services. This includes support and compliance with the AAL Steering Committee’s decisions and developments to support the AAL initiative.
E. Designate management staff for program coordination activities associated with the housing and services project including but not limited to lease-up and on-going rent opportunities, provider issues, consumer issues and other activities as needed.
F. The Waiver Agent is not under any financial obligation for unfilled apartments at this AAL residence.
Shared Obligations. 32 2 Use of Corridor Land and Lease of Leased Railway Infrastructure . . 32
Shared Obligations. Where this agreement contains a financial obligation or financial commitment on the part of the Network Lessee which either:
Shared Obligations. If monies are received by any Party hereto which, under the terms of this Article, belong to another party, the same shall immediately be paid over to the proper party. If an invoice or other evidence of an obligation is received which under the terms of the Article is partially the obligation of Sellers and pay the obligation of Buyer, then the parties shall consult each other and each shall promptly pay its portion of such obligation to the obligee, provided that if either party hereto shall fail promptly to pay its portion of such obligation to the obligee, the other party hereto shall have the right (but not the obligation) to pay such portion of 32 37 such obligation, whereupon the defaulting party shall promptly reimburse such other party for the defaulting party's portion so paid.
Shared Obligations. 9.1.1 In accepting funding provided, and subject to any services agreements or contractual arrangements, Delivery Partners will be required to:
i. Use the Funds only for the performance of the Foundation Services, National Services and Strategic Priority Projects described in this Agreement;
i. Operate the Foundation and National Services within the allocated budget as agreed by the Oversight Committee;
ii. Deliver the Strategic Priority Projects within the allocated budget and timeframes; and
iii. Measure progress and report on each Foundation Service, National Service and Strategic Priority Project funded through the Agreement.
Shared Obligations. If an invoice or other evidence of an obligation is received which under the terms of this Article is partially the obligation of Seller and partially the obligation of Purchaser, then the parties shall consult each other and each shall promptly pay its portion of such obligation to the obligee, provided that if either party hereto shall fail to promptly pay its portion of such obligation to the obligee, the other party hereto shall have the right (but not the obligation) to pay such portion of such obligation, whereupon the defaulting party shall promptly reimburse each other party for the defaulting party's portion so paid.
Shared Obligations. 6.1 VWS Canada and the City shall jointly be responsible as follows:
a) VWS Canada and the City shall both act in good faith with regards to the application of this Agreement and shall collaborate for the successful completion of the Conversion.