Respective Party definition
Examples of Respective Party in a sentence
As between the parties, each party shall be solely responsible for any and all liability arising from personal injury, including death or damage to property arising from the act or failure to act of the Respective Party or of its officials, agents and employees pursuant to this agreement.
Each Person signing below for his or her Respective Party jointly and severally, represent and warrant to the other Party as set forth below.
Each Party shall maintain, implement and enforce an Anti-Bribery Anti-Corruption compliance program to ensure compliance by its Respective Party Representatives with the Compliance Provisions (AB/AC).
If the Seller and the Purchaser cannot settle the disagreement within thirty days after receipt by the Respective Party of the other Party's statement of objections and the Revised Purchase Price Determination Statements, the Seller or the Purchaser may present the matter to a neutral auditor from BDO Deutsche Warentreuhand AG Wirtschaftsprufungsgesellschaft, Dusseldorf branch (the "Neutral Auditor").
The Respective Party is an Ohio not-for-profit corporation duly organized under Chapter 1702 of the Ohio Revised Code, validly existing and in good standing under the laws of the State of Ohio, and is duly qualified to do business in the State of Ohio.
This Agreement and the transaction contemplated hereby have been authorized by all necessary corporate action of the Respective Party.
This Agreement is a valid and legally binding obligation of the Respective Party, enforceable against the Respective Party in accordance with its terms (except as enforceability may be limited by general equitable principles including principles of commercial reasonableness, good faith and fair dealing).
The individuals executing this Agreement and the instruments referenced in it on behalf of their Respective Party each represent and warrant that they have the legal power, right and actual authority to bind that Party to the terms and conditions of this Agreement.
Each Respective Party has made available to the other Party true and correct copies (including subsequent amendments) of the three most recent United States federal income Tax Returns filed by the Respective Party (i.e., for tax years ending December 31 of 2013, 2014 and 2015).
Attached hereto as Exhibit G is a true and complete list of all of the insurance policies, binders, or bonds maintained by the Respective Party.