The MOU Clause Samples
The "THE MOU" clause defines the Memorandum of Understanding as the foundational document outlining the preliminary agreement between the parties. It typically sets forth the basic terms, intentions, and scope of the relationship, serving as a non-binding framework for future negotiations or formal contracts. This clause clarifies the status and purpose of the MOU, ensuring all parties understand that it is not a legally enforceable contract but rather a statement of mutual intent, thereby preventing misunderstandings about the nature of the agreement.
POPULAR SAMPLE Copied 1 times
The MOU. Notwithstanding this Agreement and irrespective of any termination of this Agreement, TransCanada and Enbridge acknowledge that, prior to the execution of this Agreement, they consented to the immediate termination of the MOU effective September 11, 2013, and they acknowledge and agree that, from and after such date, the MOU is of no further force and effect. This acknowledgement shall survive any termination of this Agreement.
The MOU. This MOU will be in effect upon dated signature of the NWCSA-RSVP Representative.
The MOU. A. PURPOSE OF THE MOU
a. To establish the responsibility of Los Angeles to administer TOS-SN 28.
b. To establish the responsibility of Los Angeles and of Burbank to use the results of the TOS to determine and negotiate fair and equitable charges to Burbank for past and future services provided by Los Angeles.
c. To establish that Burbank shall pay Los Angeles for 50% of the cost for the Consultant for consulting services provided in accordance with TOS- SN 28.
d. To establish terms and the method of payment for Burbank to reimburse Los Angeles for paying the Consultant for consulting services provided in accordance with TOS-SN 28.
B. TERM OF THE MOU This MOU will commence upon execution by the authorized representatives of Los Angeles and Burbank, and will expire twelve (12) months thereafter unless extended by amendment.
C. REPRESENTATIVES OF THE PARTIES OF THIS MOU The representatives of the respective parties are authorized to administer this MOU and to whom formal notices, demands, requests and communications shall be given are as follows:
1. For Los Angeles:
The MOU. The Company intends to raise funds by way of: (i) share subscription (the “Subscription”); and (ii) open offer (the “Open Offer”) as part of its restructuring plan. On 12 December 2020, the Company entered into the MOU with the Potential Subscriber and the Potential Underwriter, pursuant to which:
(i) in relation to the Subscription, subject to the execution of a formal subscription agreement with the Potential Subscriber, the Potential Subscriber may subscribe for, and the Company may allot and issue to the Potential Subscriber, the new shares of the Company; and (ii) in relation to the Open Offer, subject to the execution of a formal underwriting agreement with the Potential Underwriter, the Potential Underwriter may act as the underwriter of the Open Offer.
The MOU. A. PURPOSE OF THE MOU To establish the responsibility of the BOE to provide design services for the Project. To establish the responsibility of the BOE to provide construction management services and to coordinate with the GSD. To establish the responsibility of GSD to provide construction services for the Project and coordinate with BOE. To memorialize how the BOE will pay the GSD for construction services for the Project.
The MOU. Upon entering ND FIRST designation, [SCHOOL or DISTRICT] will engage in Collaborative Partnership Agreement (MOU) meetings with NDDPI and the ND FIRST Team to develop a shared understanding of goals and expectations based on the Findings Report and recommendations from external school performance reviews. The external R&E team (see Project Team Charter) conducts these reviews.