ACKNOWLEDGEMENT BY THE PARTIES Sample Clauses
The 'Acknowledgement by the Parties' clause serves to formally confirm that all parties involved in the agreement understand and accept specific facts, terms, or circumstances outlined within the contract. Typically, this clause may require each party to recognize the existence of certain conditions, prior agreements, or representations that are relevant to the contract’s execution. Its core practical function is to prevent future disputes by ensuring that all parties are on the same page regarding key aspects of the agreement, thereby promoting transparency and reducing the risk of misunderstandings.
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ACKNOWLEDGEMENT BY THE PARTIES. The parties acknowledge that COLLATERAL is not seeking, and the LICENSOR is not making, any warranties or representations as to the merchantability or suitability for any particular purpose of the Technology, the capacity of any of the Patent Rights to infringe any Third Party Rights or the validity of any of the Patent Rights.
ACKNOWLEDGEMENT BY THE PARTIES. For the avoidance of doubt, the parties acknowledge and agree that :
A. No repayment of any unpaid principal balance or interest accrued under the Initial Note by the Borrower is required for the months of October, November and December, 2008; and
B. the Lenders agrees that it will not make any demand for immediate payment of any outstanding sums under the New Note save if there is either (i) an Event of Default; or (ii) Change of Control (subject to any waiver by the Lender in its sole and absolute discretion).
ACKNOWLEDGEMENT BY THE PARTIES. The parties hereby acknowledge that:
a) prior to the drafting of this agreement, due negotiations have taken place between them;
b) this agreement truly and completely defines the agreement reached between them;
c) all and each one of the provisions in this agreement are legible;
d) the understanding of the aforesaid provisions causes no difficulty whatsoever;
e) before signing this agreement, each party had the opportunity to consult a legal adviser;
f) each party has retained a copy of this agreement immediately after it has been signed by all parties.
ACKNOWLEDGEMENT BY THE PARTIES. THE PARTIES HEREBY ACKNOWLEDGE AS FOLLOWS:
A) DUE NEGOTIATIONS TOOK PLACE BETWEEN THEM PRIOR TO THE DRAFTING OF THIS AGREEMENT;
B) THIS AGREEMENT TRULY AND COMPLETELY DEFINES THE UNDERSTANDING REACHED BETWEEN THEM;
C) EACH AND EVERY ONE OF THE PROVISIONS OF THIS AGREEMENT IS LEGIBLE;
D) THEY DID NOT ENCOUNTER ANY DIFFICULTIES IN UNDERSTANDING THE PROVISIONS OF THIS AGREEMENT;
E) BEFORE SIGNING THIS AGREEMENT, EACH PARTY HAD THE OPPORTUNITY TO CONSULT A LEGAL ADVISER; AND
F) EACH PARTY OBTAINED A COPY OF THIS AGREEMENT IMMEDIATELY AFTER IT WAS SIGNED BY ALL THE PARTIES. SIGNED IN QUEBEC, PROVINCE OF QUEBEC ON SEPTEMBER 16, 2003 "MLI" MEDICAL LICENSING INTERNATIONAL CORP. by: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ --------------------------------------- ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, President "THE SERVICE PROVIDER" 3720161 CANADA CORPORATION (MOBILAIR INTEGRATION) by : /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ---------------------------------------- ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, President SCHEDULE "A" o Design, development, deployment, maintenance and hosting of a Emergensys Corporation Web site for a sum of seventy thousand (70,000$) dollars; o Packaging of our public safety applications for a sum of one hundred and fourty thousand (140,000$) dollars; o Design and conception of product briefs and Multi-media presentations in English, Spanish and Portuguese for a sum of fifty thousand (50,000$) dollars; o World wide market studies and analysis for a sum of ninety thousand (90,000$) dollars;
ACKNOWLEDGEMENT BY THE PARTIES. Each party acknowledges that:
(a) the Payer may engage in Trading Arrangements which may involve the delivery, or possible delivery, of any Products whether from the Mining Area or otherwise; and
(b) the sale of any Product pursuant to any Trading Arrangements will be deemed not to be on Arm’s Length Terms for the purposes of determining Gross Revenue; and
(c) apart from clause 5.1(b) above and except as otherwise provided in this deed, a Payer has no obligation to account to the Payees for, and the Payees have no interest or right to participate in, any profits or incur any losses of Trading Arrangements engaged in by a Payer.
ACKNOWLEDGEMENT BY THE PARTIES. 5.1 Without prejudice to the validity of other terms and conditions of the Consolidation Agreement (save for those as amended and modified by this Supplemental Agreement), the VENUE OWNER and ELIXIR hereby acknowledge and confirm that :
(a) ELIXIR and the VENUE OWNER shall be entitled to share the Gross Win generated by all Machines at the EGT Areas according to the following ratio (subject to Clause 3.2 of the Consolidation Agreement (as modified and amended by this Supplemental Agreement)),with effect from the Effective Date (namely, 30th December 2009) :
(i) ELIXIR shall be entitled to Twenty-Five percent (25%) of the Gross Win; and
(ii) the VENUE OWNER shall be entitled to Seventy-Five percent (75%) of the Gross Win.
(b) subject to any earlier termination in accordance with Clause 9 of the Consolidation Agreement, the term for operation and management of Machines by ELIXIR at the EGT Areas shall expire at the end of a Six (6) years period beginning from 1st March 2010.
5.2 Save as amended and modified by this Supplemental Agreement, all terms and conditions of the Consolidation Agreement shall remain in full force and effect. This Supplemental Agreement shall form part of the Consolidation Agreement and the Consolidation Agreement shall be read and construed in conjunction with this Supplemental Agreement.
ACKNOWLEDGEMENT BY THE PARTIES. (i) Each of Forum and the Purchaser acknowledges and agrees that the representations and warranties of the Sellers specifically set forth in Article IV and of the Company specifically set forth in Article V, subject to the exceptions and matters set forth in the Company Disclosure Schedules, and in the certificate delivered pursuant to Section 3.01(c), constitute the sole and exclusive representations, warranties, and statements (including by omission) of any kind or nature, whether written or oral, expressed or implied, statutory or otherwise (including, for the avoidance of doubt, relating to quality, quantity, condition, merchantability, fitness for a particular purpose or conformity to samples) of the Company, the Sellers or any of their respective Non-Recourse Parties as to any matter concerning the Company Group or any of its businesses or in connection with this Agreement or the Transactions, or with respect to the accuracy or completeness of any information provided to (or otherwise acquired by) Forum, the Purchaser or any of its Non-Recourse Parties in connection with this Agreement or the Transactions (including, for the avoidance of doubt, any statements, information, documents, projections, forecasts or other material made available to Forum, the Purchaser or any of its Non-Recourse Parties in certain “data rooms” or presentations including “management presentations”) and all other purported representations and warranties or statements (including by omission) are hereby disclaimed by the Company, the Sellers and each of their respective Non-Recourse Parties. Each of Forum and the Purchaser acknowledges and agrees that each of Forum, the Purchaser and its Non-Recourse Parties have only relied, and will only rely, on the representations and warranties of the Sellers specifically set forth in Article IV and of the Company specifically set forth in Article V, respectively, subject to the exceptions and matters set forth in the Company Disclosure Schedules, and in the certificate delivered pursuant to Section 3.01(c). Each of Forum, the Purchaser and its Non-Recourse Parties hereby expressly and irrevocably acknowledges and agrees that he, she or it has not relied and will not rely on any representations, warranties or statements (including by omission) other than those of the Sellers specifically set forth in Article IV and of the Company specifically set forth in Article V, respectively, subject to the exceptions and matters set forth in the Compa...
ACKNOWLEDGEMENT BY THE PARTIES. The parties hereby acknowledge that:
a) prior to the drafting of this agreement, due negotiations have taken place between them;
b) this agreement truly and completely defines the agreement reached between them;
c) all and each one of the provisions in this agreement are legible;
d) the understanding of the aforesaid provisions causes no difficulty whatsoever;
e) before signing this agreement, each party had the opportunity to consult a legal adviser;
f) each party has retained a copy of this agreement immediately after it has been signed by all parties. Name: M▇▇▇▇▇▇ ▇'▇▇▇▇▇▇ Name: Catia S▇▇▇▇▇▇ Position: CEO/Director Position: CEO
1) Parties’ Representatives
2) Services
ACKNOWLEDGEMENT BY THE PARTIES. THE PARTIES HEREBY ACKNOWLEDGE AS FOLLOWS:
A) DUE NEGOTIATIONS TOOK PLACE BETWEEN THEM PRIOR TO THE DRAFTING OF THIS AGREEMENT;
B) THIS AGREEMENT TRULY AND COMPLETELY DEFINES THE UNDERSTANDING REACHED BETWEEN THEM;
C) EACH AND EVERY ONE OF THE PROVISIONS OF THIS AGREEMENT IS LEGIBLE;
D) THEY DID NOT ENCOUNTER ANY DIFFICULTIES IN UNDERSTANDING THE PROVISIONS OF THIS AGREEMENT;
E) BEFORE SIGNING THIS AGREEMENT, EACH PARTY HAD THE OPPORTUNITY TO CONSULT A LEGAL ADVISER; AND
F) EACH PARTY OBTAINED A COPY OF THIS AGREEMENT IMMEDIATELY AFTER IT WAS SIGNED BY ALL THE PARTIES.
ACKNOWLEDGEMENT BY THE PARTIES. This Agreement is made pursuant to, and constitutes a joint management agreement for the purposes of, s. 18(2) of Schedule B.