Stated Purpose Clause Samples
The Stated Purpose clause defines the main objective or intent behind the agreement or a specific section of the contract. It typically outlines what the parties aim to achieve, such as establishing a business relationship, providing a service, or facilitating a transaction. For example, in a service agreement, this clause might specify that the purpose is to set out the terms under which services will be provided. By clearly articulating the underlying goal, the Stated Purpose clause helps ensure that all parties have a mutual understanding of the contract’s intent, reducing the risk of misunderstandings or disputes about the agreement’s scope.
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Stated Purpose. The stated purpose of this Agreement will be to set forth the terms and conditions by which Farmee will earn the right to receive an assignment of all of Farmor's right, title and interest in and to those certain oil, gas and mineral leases covering lands situated within the geographical parameters of the Brookshire Dome Field, ▇▇▇▇▇▇ County, Texas, and being further described in ▇▇▇▇▇▇▇ "▇", "▇-▇", "▇-▇" and Exhibit "B" attached hereto and made a part hereof for all purposes (the "Farmout Acreage")
Stated Purpose. The Stated Purpose of this Modified Agreement is to set forth the financial commitment of Licensee to provide Economic Development Payments for use by a Recipient to support and assist economic development in the City through initiatives that:
2.2.1. Modernize, revitalize, renovate and redevelop existing industrial and commercial facilities, districts and enterprises;
2.2.2. Provide incentives to retain and expand existing businesses and industries;
2.2.3. Provide incentives to attract new business and industry;
2.2.4. Invest in infrastructure improvements and enhance transportation;
2.2.5. Provide incentives to establish and improve the housing stock;
2.2.6. Create funding mechanisms for use by commercial, industrial enterprises, and tax-exempt non-profit organizations in financing quality development and improvements;
2.2.7. Improve, enhance and promote the City’s port facilities and related transportation and warehousing businesses;
2.2.8. Provide quality work force training;
2.2.9. Enhance public safety;
2.2.10. Revitalize and develop the City’s lake front;
2.2.11. Stimulate job creation, development and modernization;
2.2.12. Administer education, training and scholarship programs in the City for residents of the City; and
2.2.13. Provide incentives to encourage the citizens, businesses and industries of the City and the general public to offer new goals and projects consistent with the Stated Purpose of this Modified Agreement.
Stated Purpose.
13.6.1 Each Participant warrants that the Works will, at the Date of Completion: be fit for the Stated Purpose and of the quality and standard of work that is stated in the Project Proposal; and comply with any performance specification or requirement included or referred to in the VFM Statement or Project Proposal or otherwise required by this Agreement.
Stated Purpose. MBTA shall disclose Confidential Information to Contractor with respect to the Contractor participating in the following activities: Green Line Security Upgrades Project (the “Projects”). Recipient shall not, without MBTA’s prior written consent, disclose to any person or entity any confidential information. The parties agree to limit use and disclosure of Confidential Information to that necessary for fulfilling the Recipient’s tasks with respect to the Projects (“Stated Purpose”).
Stated Purpose. MBTA shall disclose Confidential Information to Consultant with respect to the Consultant participating in the following activities: Blue Line Security Upgrades RFP# 195F-19 (the “Projects”). Recipient shall not, without MBTA’s prior written consent, disclose to any person or entity any confidential information. The parties agree to limit use and disclosure of Confidential Information to that necessary for fulfilling the Recipient’s tasks with respect to the Projects (“Stated Purpose”).
Stated Purpose. MBTA shall disclose Confidential Information to Contractor with respect to the Contractor participating in the following activities: (the Security Station Maintenance Contract RFP# 256-19). Recipient shall not, without MBTA’s prior written consent, disclose to any person or entity any confidential information. The parties agree to limit use and disclosure of Confidential Information to that necessary for fulfilling the Recipient’s tasks with respect to the Projects (“Stated Purpose”).
Stated Purpose. MBTA shall disclose Confidential Information to Contractor with respect to the Contractor participating in the following activities: Tunnel Portal Project (the “Projects”). Recipient shall not, without MBTA’s prior written consent, disclose to any person or entity any confidential information. The parties agree to limit use and disclosure of Confidential Information to that necessary for fulfilling the Recipient’s tasks with respect to the Projects (“Stated Purpose”).