Statutory Statement Clause Samples
A Statutory Statement clause serves to confirm that the agreement or its parties comply with relevant laws and regulations. This clause typically requires the parties to affirm that their actions, obligations, or representations under the contract do not violate any applicable statutes or legal requirements. For example, it may state that the contract does not contravene anti-bribery laws or that all necessary licenses have been obtained. Its core function is to ensure legal compliance and reduce the risk of the contract being invalidated or parties facing legal penalties due to statutory breaches.
Statutory Statement. (Mo. Rev. Stat. e 432.045) 61 ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING PAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE. TO PROTECT BORROWERS AND BANKS FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING AND THE DOCUMENTS REFERRED TO HEREIN, WHICH ARE THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN WRITING TO MODIFY IT. [THIS SPACE LEFT INTENTIONALLY BLANK] 62
Statutory Statement. The information contained herein and in the schedule constitutes a written statement of the terms of employment of the Executive in compliance with the provisions of the Act.
Statutory Statement. (a) Since December 31, 2018, each of the LMHC Existing Reorganized Insurers has filed or submitted all annual, quarterly and other periodic statements, together with all exhibits, interrogatories, notes, schedules, affirmations or certifications, in each case, required by applicable Law to be filed with or submitted to the appropriate Insurance Regulator of each jurisdiction in which it is licensed, authorized or otherwise eligible with respect to the conduct of the business of insurance or reinsurance, as applicable (collectively, the “LMHC Statutory Statements”).
(b) Prior to the date hereof, LMHC has made available to SAM, to the extent required to be filed with the applicable Insurance Regulator as of the date of this Agreement, all LMHC Statutory Statements as of December 31, 2019, and December 31, 2020, and for the annual periods then ended, each in the form filed with the applicable Insurance Regulator. The financial statements included in such LMHC Statutory Statements were prepared in accordance with SAP, in each case, consistently applied for the periods involved (except as may have been noted therein), and fairly present in all material respects, the statutory financial position of the relevant LMHC Existing Reorganized Insurers at the respective dates thereof and the results of operations and changes in capital and surplus of such LMHC Existing Reorganized Insurer for the respective periods then ended. Such LMHC Statutory Statements complied in all material respects with all applicable Laws when filed or submitted and no material violation or deficiency has been asserted in writing by any Insurance Regulator with respect to any of such LMHC Statutory Statements that has not been cured or otherwise resolved to the satisfaction of such Insurance Regulator.
Statutory Statement. Under Oregon Law, most agreements, promises and commitments made by a financial institution after October 3, 1989, concerning Advances and other credit extensions which are not for personal, family or household purposes or secured solely by the borrower's residence must be in writing, express consideration and be signed by the financial institution to be enforceable.
Statutory Statement. Disclosure Required by Mo. Rev. Stat. ss. 432.045. ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE. TO PROTECT YOU, PIONEER, AND US, THE BANKS, FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN WRITING TO MODIFY IT.
Statutory Statement. The $250,000,000 Construction Loan Note, Series 2015A, is authorized to be issued pursuant to Section 10 of the Metropolitan Pier and Exposition Authority Act, 70 Illinois Compiled Statutes 210 and the Local Government Debt Reform Act, 30 Illinois Compiled Statutes 350 and Ordinance No. MPEA 15-1 adopted by the Metropolitan Pier and Exposition Board on April 15, 2015. The Construction Loan Note, Series 2015A, is a limited revenue obligation of Borrower secured by the liens and security interests granted by the Authority. Pursuant to the Metropolitan Pier and Exposition Authority Act and the Local Government Debt Reform Act, Borrower has entered into this Loan Agreement as consideration for the loan evidenced by the Construction Loan Note, Series 2015A, and to better secure the punctual payment of the principal of and interest on the Construction Loan Note, Series 2015A. The execution, delivery and performance of this Loan Agreement by the parties hereto is necessary in order to permit Borrower to carry out and effectuate the public purposes of the Metropolitan Pier and Exposition Authority Act.
Statutory Statement. 11 Subsidiary........................................................................ 11 Tax............................................................................... 11
Statutory Statement. MO. REV. STAT. SECTION 432.047. ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FOREBEAR FROM ENFORCING REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE, REGARDLESS OF THE LEGAL THEORY ON WHICH IT IS BASED THAT IS IN ANY WAY RELATED TO THIS SECURED LOAN AGREEMENT. TO PROTECT THE BORROWER AND LENDER FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS THE BORROWER AND LENDER REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING WHICH IS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN THE BORROWER AND LENDER EXCEPT AS THE BORROWER AND LENDER MAY LATER AGREE IN WRITING TO MODIFY IT.
Statutory Statement. A Bond or Certified of Deposit posted with the Florida Department of Agriculture and Consumer Services does not necessarily insure full payment of claims for any non-performance under this contract. FLORIDA CITRUS MUTUAL: ▇▇▇▇▇▇▇ is authorized to deduct Florida Citrus Mutual assessments from payments to GROWER (Circle one). BEST EFFORTS: ▇▇▇▇▇▇▇’▇ own fruit returns are governed by the same factors that determine GROWER’S fruit returns; accordingly, ▇▇▇▇▇▇▇ hereby guarantees its best efforts to minimize costs and maximize sales revenue in order to provide maximum returns to GROWER. WITNESS: /S/ ▇▇▇▇▇ ▇▇▇▇▇ GROWER: ALICO, INC. BY: /S/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ WITNESS: /S/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ BY: /S/ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, III
Statutory Statement. THE BOARD OF TRUSTEES’ OBLIGATION TO MAKE INSTALLMENT PAYMENTS DOES NOT CONSTITUTE A DEBT OF THE BOARD OR THE STATE OF ILLINOIS WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY LIMITATION. THE INSTALLMENT PAYMENTS REQUIRED UNDER CERTIFICATES OF PARTICIPATION INCURRED BY THE UNIVERSITY ARE NOT SECURED BY THE FULL FAITH AND CREDIT OF THE STATE AND ARE NOT REQUIRED TO BE REPAID, AND MAY NOT BE REPAID, DIRECTLY OR INDIRECTLY, FROM TAX REVENUE.
