Where, under Sample Clauses
The 'Where, under' clause serves to introduce a specific condition or set of circumstances under which certain rights, obligations, or consequences will apply within a contract. Typically, this clause is used to clarify that if a particular event or situation arises—such as a party failing to meet a deadline or a regulatory change occurring—then the provisions that follow will be triggered. By clearly linking contractual outcomes to defined scenarios, this clause ensures that both parties understand when and how certain terms become operative, thereby reducing ambiguity and potential disputes.
Where, under the provisions of paragraph 1 a person other than an individual is considered a resident of both Contracting States, then it is considered a resident of the State in which its place of effective management .
Where, under a Finance Document a Finance Party is required to act reasonably, it is reasonable for (without limitation) that Finance Party to act in a manner which, in the opinion of that Finance Party, is reasonably appropriate to avoid an adverse effect on the then current ratings of securities issued in connection with any Securitisation.