Definitions and Explanations Sample Clauses
The "Definitions and Explanations" clause serves to clearly define key terms and concepts used throughout the contract. It typically lists important words or phrases and provides precise meanings for each, ensuring that all parties interpret the language of the agreement consistently. By establishing a common understanding of terminology, this clause helps prevent misunderstandings and disputes over ambiguous language, thereby promoting clarity and certainty in the contract's application.
Definitions and Explanations. In these Terms and Conditions these words and phrases have the following meanings:
Definitions and Explanations. 1.1 In this Agreement, the words below mean the following:
Definitions and Explanations. In the Contract, the following terms have meanings as below.
Definitions and Explanations. The following words and phrases shall have the meanings assigned to them unless the context requires otherwise:
Definitions and Explanations. 1.1 Maximum Amount of Claim referred to in the Contract is the maximum amount of the claims (including but not limited to such on-or-off balance sheet businesses as a loan, a commitment of loan, an acceptance, a discount cash, a bond buy-back, a business financing, a factor, a letter of credit, a letter of guarantee, an overdraft, an inter-bank lending, a guaranty, etc.) that will be determinated in succession during a given term (i.e. Claim-determinating Term). It is the summation of the balances of a credit Party A grants Party B during a given term, including the following two portions of undue balances of claim and due but unpaid balances of claim:
(1) Undue balance is the summation of all the claim balances to be paid but not paid because the term of debt-paying has not expired;
(2) Due but unpaid balance is the summation of all the claim balances not paid by Party B despite of the expiration of the debt-paying term. The above-mentioned Maximum Amount of Claim does not include a full amount pledge provided by a deposit certificate, national debt, guarantee deposit, Golden Plum Blossom financing product, or a full amount irrevocable guaranty of joint and several liability provided by a financial organization recognized by Party A, or a full amount policy-based credit insurance provided by China Export & Credit Insurance Corporation, or the credit amount guaranteed by other measures which are capable of risk compensation to the full amount and are recognized by Party A.
1.2 Claim-determinating Term in the Contract is the period of time when claims occur. The claim of a guaranty of maximum amount is determinated when this Term expires.
Definitions and Explanations. Unless otherwise defined or interpreted herein, the following terms in this Agreement shall have the following meanings:
Definitions and Explanations. 1.1 Definition In this circular, unless the context requires otherwise, the following expressions have the following meaning: “Agreement provision” The Company provides Yankuang Group with products and materials “Existing Continuing Connected Transaction Agreements” The agreement in relation to the Existing Continuing Connected Transactions entered into between Yankuang Group and the Company on 10 January 2006, namely, the Provision of Products and Materials Agreement
Definitions and Explanations. In this agreement, the words and expressions set out below have the following meaning: Interest means the charge paid by the borrower to the lender for using the loan amount; Interest rate means the amount of interest expressed as a percentage; Final date of use means the day on which the borrower must have repaid in full, in accordance with the payment schedule submitted to them, the credit amount drawn by them; User limit means the maximum amount that the borrower determines by agreement with the lender and within which the lender makes a loan available to the borrower; Customer account means the borrower’s personal account that is created via the lender’s website and through which the borrower can submit loan applications within the credit limit and user limit made available to them; Customer agreement means these and future general terms and conditions of the loan agreement as established by the lender; Account management fee means the fee for the management of the customer account. The borrower pays the account management fee on a monthly basis if the borrower has drawn down the credit amount or has outstanding interest or service fees; Total cost of credit means the credit limit, the interest payable until the final date of use and the account management fee. The total cost of credit does not include the fees arising from the breach of the obligations arising from the agreement and payable by the borrower to the lender. The total cost of credit is calculated as of the moment of entry into the agreement on the presumption that the borrower draws down the credit limit without delay and in full and repays it on the final date of use; Annual percentage rate is stated as a percentage of the credit limit and it expresses the burden of the costs arising from using the credit limit and placed on the borrower per year. The annual percentage rate set out in the agreement is calculated as of the moment of entry into the agreement or an amendment to the agreement and it is only in effect if the borrower performs their obligations arising from the agreement by the agreed deadlines and under the agreed terms and conditions. The annual percentage rate is calculated on the presumption that the borrower draws down the credit limit without delay and in full. The lender calculates the annual percentage rate using the formula approved by the Minister of Finance of the Republic of Estonia and rounds off the obtained result to the accuracy of two decimals; Credit limit or...
Definitions and Explanations. 2.1 The regulations state that employers must provide suitable, trained and qualified/certificated (as recognised by the HSE) first aid personnel proportionate with the outcome of a first aid needs assessment of their activity and must also provide adequate and appropriate equipment and facilities to enable the provision of first aid.
2.2 First aid needs risk assessment Employers must make a suitable assessment of their first aid needs appropriate to the circumstances of their activities and location. This assessment will assist you in deciding the number and type of first aid response you require relative to your workplace and your first aid needs risk assessments. When assessing your specific needs, you need to consider: ▪ workplace hazards and risks ▪ the size of the workplace ▪ the history of accidents ▪ the nature and distribution of the workforce ▪ the remoteness of the site from emergency medical services ▪ the needs of travelling, remote and lone workers ▪ employees working on shared or multi-occupied sites ▪ annual leave and other absences of first aiders and appointed persons
Definitions and Explanations. Unless otherwise provided herein: