Common use of Statutory Definitions Clause in Contracts

Statutory Definitions. 50 Unless a term is otherwise defined in this Agreement, terms used in this Agreement shall 51 have the same meaning as the definitions of those terms contained in the Act. In the 52 event of a conflict between the definition of a term in the Act and in this Agreement, the 53 definition in the Agreement shall prevail.

Statutory Definitions. 50 46 Unless a term is otherwise defined in this Agreement, terms used in this Agreement shall 51 have 47 the same meaning as the definitions of those terms contained in the Act. In the 52 event of a 48 conflict between the definition of a term in the Act and in this Agreement, the 53 definition in the 49 Agreement shall prevail.. 50