INTERPRETATION AND APPLICATION OF THE AGREEMENT Sample Clauses

INTERPRETATION AND APPLICATION OF THE AGREEMENT. The competent authorities of the contracting States shall endeavor to resolve by mutual agreement any difficulties or doubts arising as to the interpretation or application of this Agreement. In particular, the competent authorities may agree to a common meaning of a term.
Sample 1
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INTERPRETATION AND APPLICATION OF THE AGREEMENT. This Agreement shall be interpreted and applied in the light of its primary purpose which is to enable the Organisation to fully and efficiently discharge its responsabilities and fulfil its tasks.
Sample 1
INTERPRETATION AND APPLICATION OF THE AGREEMENT. With regard to the disputes between the Parties on the interpretation or application of the Agreement, priority is given to amicable settlement, hence the first channel listed is the diplomatic channel, followed by the arbitration channel. As regards the settlement of investment disputes between a Party and an investor of the other Party, the Agreement also gives priority to amicable settlement, through negotiation between the Parties, followed by the submission of the dispute to the competent courts of the Party in the territory from which locates the investment, to an ad hoc arbitral tribunal, to the International Center for the Settlement of Investment Disputes (CIRDI) or to any other arbitration institution or in accordance with any other arbitration rules. As the Parties decide to submit the dispute to one of the procedures referred to in this Agreement, such decision is irreversible. Judgments will be recognized and enforced in accordance with applicable domestic and international law. It is also agreed that neither Party may resort to diplomatic channels to resolve any issue related to arbitration, unless the process has already been completed and the Party has not accepted or complied with the decision. Finally, the Parties have instituted that, if the domestic law of one of the Parties or the international law in force or that will come into force between both Parties establishes a legal regime that grants investments made by investors of the other Party a more favorable treatment than what is provided for in this Agreement, the most favorable regime will prevail. A general obligation has also been defined for the Parties, whenever necessary, to consult each other on any matter relating to the application of this Agreement, at a place and date to be agreed through diplomatic channels.
Sample 1
INTERPRETATION AND APPLICATION OF THE AGREEMENT. The Agreement shall be interpreted and applied according to the following:
Sample 1
INTERPRETATION AND APPLICATION OF THE AGREEMENT. The competent authorities of the Contracting Tax Administrations shall endeavour to resolve by mutual agreement any difficulties or doubts arising as to the interpretation or application of this Agreement. In particular, the competent authorities may agree to a common meaning of a term.
Sample 1

Related to INTERPRETATION AND APPLICATION OF THE AGREEMENT

  • Interpretation of the Agreement The laws of the Commonwealth of Pennsylvania shall govern this Agreement.

  • Interpretation and Application For purposes of this Chapter:

  • Application of the Agreement (1) This Agreement shall apply to investments made in the territory of either Contracting Party in accordance with its legislation by investors of the other Contracting Party prior as well as after the entry into force of this Agreement.

  • Interpretation of Agreement It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by law.

  • Interpretation and Governing Law This Agreement and any dispute arising hereunder shall be governed and interpreted in accordance with the laws of the State of California. This Agreement shall be construed as a whole according to its fair language and common meaning to achieve the objectives and purposes of the parties hereto, and the rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in interpreting this Agreement, all parties having been represented by counsel in the negotiation and preparation hereof.

  • Application and Interpretation For the purposes of this Chapter:

  • Interpretation and Construction 2.1 This Agreement includes this Agreement and all Exhibits appended hereto, each of which is hereby incorporated by reference in this Agreement and made a part hereof. All references to Sections and Exhibits shall be deemed to be references to Sections of, and Exhibits to, this Agreement unless the context shall otherwise require. The headings and numbering of Sections and Exhibits used in this Agreement are for convenience only and will not be construed to define or limit any of the terms in this Agreement or affect the meaning and interpretation of this Agreement. Unless the context shall otherwise require, any reference to any statute, regulation, rule, Tariff, technical reference, technical publication, or any publication of Telecommunications industry administrative or technical standards, shall be deemed to be a reference to the most recent version or edition (including any amendments, supplements, addenda, or successor) of that statute, regulation, rule, Tariff, technical reference, technical publication, or any publication of Telecommunications industry administrative or technical standards that is in effect. Provided however, that nothing in this Section 2.1 shall be deemed or considered to limit or amend the provisions of Section 2.2. In the event a change in a law, rule, regulation or interpretation thereof would materially change this Agreement, the terms of Section 2.2 shall prevail over the terms of this Section 2.1. In the case of any material change, any reference in this Agreement to such law, rule, regulation or interpretation thereof will be to such law, rule, regulation or interpretation thereof in effect immediately prior to such change until the processes set forth in Section 2.2 are implemented. The existing configuration of either Party's network may not be in compliance with the latest release of technical references, technical publications, or publications of Telecommunications industry administrative or technical standards.

  • Execution of the Agreement The Company, the party executing this Agreement on behalf of the Company, and the Consultant, have the requisite corporate power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated hereunder. All corporate proceedings have been taken and all corporate authorizations and approvals have been secured which are necessary to authorize the execution, delivery and performance by the Company and the Consultant of this Agreement. This Agreement has been duly and validly executed and delivered by the Company and the Consultant and constitutes a valid and binding obligation, enforceable in accordance with the respective terms herein. Upon delivery of this Agreement, this Agreement, and the other agreements and exhibits referred to herein, will constitute the valid and binding obligations of Company, and will be enforceable in accordance with their respective terms. Delivery may take place via facsimile transmission.

  • Formation of the Agreement 2.1 The Agreement is binding upon Supplier after accepting the Purchase Order as evidenced by acknowledgement, supply of Goods and/or performance of Services. Versuni expressly rejects Supplier’s general conditions of sale.

  • Interpretation and Severability If any provision of this Agreement is held to be unlawful, invalid, or unenforceable under present or future laws effective during the terms hereof, such provisions shall be fully severable and this Agreement shall be construed and enforced as if such unlawful, invalid, or unenforceable provision was not a part of this Agreement. Furthermore, if any provision of this Agreement is capable of two constructions, one of which would render the provision void and the other of which would render the provision valid, then the provision shall have the meaning which rends it valid.

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