Statutory Matters Sample Clauses
The 'Statutory Matters' clause defines the parties' obligations to comply with all relevant laws, regulations, and statutory requirements applicable to the contract or its subject matter. In practice, this clause typically requires each party to ensure that their actions, products, or services adhere to current legal standards, such as health and safety laws, environmental regulations, or industry-specific statutes. Its core function is to allocate responsibility for legal compliance, thereby reducing the risk of legal violations and associated penalties during the performance of the contract.
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Statutory Matters. Such release includes, but is not limited to, the violation prior to the date of this Agreement of any express or implied contract; any federal, state or local laws, restricting an employer’s right to terminate employees, or otherwise regulating employment; workers compensation, wage and hour, or other employee relations statutes, executive orders, ordinance, or regulations, including any rights or claims under Title VII of the Civil Rights Act of 1964, as amended the Civil Rights Act of 1991, the Americans with Disabilities Act of 1990, the Rehabilitation Act of 1973, the Family and Medical Leave Act of 1993, the Civil Rights Act of 1866, the Employee Retirement Income Security Act of 1974, the Age Discrimination in Employment Act of 1967, the Fair Labor Standards Act, the WARN Act, or any state or local laws covering the same subject matter; tort (including, without limitation, negligent conduct, invasion of privacy and defamation); any federal, state, or local laws providing recourse for retaliation, wrongful discharge, dismissal or other obligations arising out of public policy, physical or personal injury, fraud, negligent misrepresentations, and similar or related claims. The laws referred to in this section include statutes, regulations, other administrative guidance, and common law doctrines. Any and all claims and/or disputes arising prior to the date of this Agreement out of or relating to any of the foregoing shall be, and are, finally compromised, released and settled.
Statutory Matters. At the Tenant's own expense, to execute all works and provide and maintain all arrangements upon or in respect of the Premises or the use to which the Premises are being put that are required (whether by the Lessor, the lessee or the occupier) in order to comply with the requirements of any 36 37 enactment or competent authority, or court of competent jurisdiction.
Statutory Matters. The Purchaser has not exhibited and will not exhibit the following:-
7.1 A valid current energy performance certificate (in terms of the Energy Performance of Buildings (Scotland) Regulations 2008 in respect of any buildings on the Properties;
7.2 An Asbestos Report in respect of the Properties;
7.3 Health and Safety file in respect of the Properties.
Statutory Matters. This clause deals with compliance with statute, statutory repairs notices, energy performance and community asset transfer requests. With regard to statutory repairs notices liability remains with the Landlord until the Term Start Date. Asset transfer requests were introduced by Part 5 of the Community Empowerment (Scotland) Act 2015 and may be made to relevant authorities by a community in relation to any land owned or leased by that authority. "Relevant authority" is defined by reference to a list of bodies in Schedule 3 to the Act, and includes local authorities, Scottish Ministers, Scottish Enterprise, Highlands and Islands Enterprise, local Health Boards, National Park authorities and others. An asset transfer request must come from a "community transfer body", and can be made at any time. Once a relevant authority receives an asset transfer request, it must not sell, lease or otherwise dispose of the land to which the request relates to anyone other than the community transfer body. Any contract concluded after an asset transfer request is received is void. The community transfer body is not required to register an interest or satisfy a public interest test and the authority must agree to the transfer request unless there are reasonable grounds for refusing it. However the prohibition on sale, letting or disposal does not apply if the land in question has already been advertised or exposed for sale or let, or negotiations for the sale or letting are already underway. Therefore a prospective purchaser or tenant needs the relevant authority to confirm that it has not received an asset transfer request for the property concerned before the negotiations for the sale or letting began. This clause is only required where the Seller is a relevant authority. Delete if not relevant.
Statutory Matters. 5.1.1 The authorised share capital of the holding company shall be R1 000,00 (one thousand Rand) divided into 100 000 (one hundred thousand) ordinary shares of R0,01 (one Cent) each.
5.1.2 The authorised share capital of the network operator shall be R3 500 000 (three million five hundred thousand Rand) divided into 350 000 000 (three hundred and fifty million) ordinary shares of R0,01 (one Cent) each.
5.1.3 The authorised share capital of the service provider shall be R1 000,00 (one thousand Rand) divided into 1 000 (one thousand) ordinary shares of R1,00 (one Rand) each.
Statutory Matters. 5.1.1 5.1.2 5.1.3 5.2 5.3 5.4 5.4.1 5.4.2 The authorised share capital of the holding company shall be R1 000,00 (one thousand Rand) divided into 100 000 (one hundred thousand) ordinary shares of R0,01 (one Cent) each. The authorised share capital of the network operator shall be R3 500 000 (three million five hundred thousand Rand) divided into 350 000 000 (three hundred and fifty million) ordinary shares of R0,01 (one Cent) each. The authorised share capital of the service provider shall be R1 000,00 (one thousand Rand) divided into 1 000 (one thousand) ordinary shares of R1,00 (one Rand) each. All shares in the joint venture companies shall rank pari passu in all respects. The auditors (or joint auditors) of the joint venture companies shall be appointed by agreement of the committed shareholders. The registered offices of the joint venture companies shall be - in the case of the holding company, the network operator and any other subsidiary of the holding company, at Vodafone House, ▇▇ ▇▇▇▇▇▇ ▇▇▇▇ West, ▇▇▇▇▇▇ Valley, Sandton, Republic of South Africa; and in the case of the service provider at ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ Life Gardens, ▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, or at such other place as the holding company may determine. NY55/245233.1 10 5.5 5.6 6. The financial year of each of the joint venture compares shall end on the last day of March of each year. The public officer of each of the joint venture companies shall be such person as the directors of the holding company may nominate. ARTICLES OF ASSOCIATION 6.1 6.1.1 6.
Statutory Matters