The provisions of Section Clause Samples
The clause titled "The provisions of Section" serves to reference and incorporate specific terms or requirements from a particular section of an agreement or document. In practice, this clause is used to direct the reader’s attention to another section, often to clarify that certain rules, obligations, or procedures outlined elsewhere also apply in the current context. For example, it may state that the dispute resolution procedures described in Section 10 also govern the current section’s subject matter. This approach ensures consistency and avoids redundancy by centralizing key terms, thereby reducing ambiguity and the risk of conflicting provisions.
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The provisions of Section. 9.1.2 shall not apply to a transfer of all (but not part only) of its holding of shares by a Shareholder to its Holding Company or its Holding Company’s wholly owned Subsidiary, provided that the transferring Shareholder proves to the reasonable satisfaction of the other Shareholder hereunder, that the proposed transferee has comparable financial resources to fulfill its obligations hereunder as the transferring Shareholder. Any shares transferred in accordance with this Section 9.2 shall be transferred back to the original transferring Shareholder if the relationship between the holder of such shares and the original transferring Shareholder ceases to be within the scope of this Section 9.
The provisions of Section. 12.1 IN ITS ENTIRETY SHALL SURVIVE THE COMPLETION, TERMINATION OR EXPIRATION OF THIS CONTRACT.
The provisions of Section. 6A(a) of this Exhibit B shall not apply to any Transfer (i) pursuant to or after a Company Public Offering or (ii) pursuant to any other Permitted Transfer, provided that any direct or remote Transferee of Class A Units from a 6A Sponsor Holder in a Transfer prior to a Company Public Offering shall automatically succeed to the rights and obligations of the Transferor thereof under this Section 6A.
The provisions of Section. 10.2 hereof shall not apply to the transfer of Controlling Shares among shareholders of the Controlling Shareholder, or among any and all of the Persons comprising the Consortium Group, as the case may be, who shall be deemed Permitted Transferees. It is clarified however, that any such transfer shall be subject to the provisions of Section 10.1 hereof and it is further clarified that any portion of the Controlling Shares forming part of the Offered Shares that has not been transferred among shareholders of the Controlling Shareholder, or among any and all of the Persons comprising the Consortium Group, as the case may be, shall be subject to the provisions of Section 10.2 hereof.
The provisions of Section. 1(a) hereof, to the contrary notwithstanding, in the event an employee within a given calendar year is absent on sick leave (see Article X, Section 3 and 4 hereof) two or more times on the work day immediately prior to and/or immediately subsequent to, the holiday (as defined in Section 1 hereof), then for subsequent absences within the subsequent twelve (12) month period, the Department Head may require a medical certificate certifying the employee’s illness on the days in question in order for the employee to be entitled to payment from his sick bank entitlement (Article X, Section 4 hereof) for the absences in question.