Action of Parties Clause Samples

The "Action of Parties" clause defines the specific actions, responsibilities, or obligations that each party must undertake under the agreement. It typically outlines who is required to perform certain tasks, deliver goods or services, or fulfill particular duties, and may specify timelines or conditions for these actions. For example, one party may be required to provide documentation, while the other must make payments or approvals. This clause ensures that both parties clearly understand their respective roles and obligations, reducing the risk of misunderstandings or disputes regarding performance under the contract.
Action of Parties. In any action by the Grantor or the Grantee that is mandated or permitted under the terms hereof, such party shall act in a reasonable, expeditious and timely manner. Furthermore, in any instance where approval or consent is required under the terms hereof, such approval or consent shall not be unreasonably withheld.
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Action of Parties. In any action by the City or the Franchisee that is mandated or permitted under the terms hereof, such party shall act in a reasonable, expeditious and timely manner. Furthermore, in any instance where approval or consent is required under the terms hereof, such approval or consent shall not be unreasonably withheld.
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Action of Parties. GOVERNMENT AGENCIES Without limiting the generality of clause 6.2, the parties must consult with each other in relation to all communications (whether written or oral) proposed to be made by or on their behalf to any Governmental Agency relating to the Schemes of Arrangement and, without limiting the generality of the foregoing, each party must: (a) provide to the other party drafts of any written document proposed to be sent to a Governmental Agency in Australia; and (b) provide to the other party copies of any documents received from a Governmental Agency in Australia, as soon as practicable after it is received.
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Action of Parties. In any action by the Franchising Authority or the Grantee that is 18 mandated or permitted under the terms hereof, such party shall act in a reasonable, expeditious 19 and timely manner. Furthermore, in any instance where approval or consent is required under 20 the terms hereof, such approval or consent shall not be unreasonably withheld.
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Related to Action of Parties

  • Relation of Parties It is the intention of Landlord and Tenant to hereby create the relationship of landlord and tenant, and no other relationship whatsoever is hereby created. Nothing in this Lease shall be construed to make Landlord and Tenant partners or joint venturers or to render either party hereto liable for any obligation of the other.

  • Cooperation of Parties The Parties to this Agreement agree to cooperate in good faith to prepare and execute all documents, to seek Court approval, defend Court approval, and to do all things reasonably necessary to complete and effectuate the Settlement described in this Agreement.

  • Intention of Parties It is the express intent of the parties hereto that the conveyance (i) of the Mortgage Loans by the Seller to the Depositor and (ii) of the Trust Fund by the Depositor to the Trustee each be, and be construed as, an absolute sale thereof. It is, further, not the intention of the parties that such conveyances be deemed a pledge thereof. However, if, notwithstanding the intent of the parties, the assets are held to be the property of the Seller or Depositor, as the case may be, or if for any other reason this Agreement is held or deemed to create a security interest in either such assets, then (i) this Agreement shall be deemed to be a security agreement within the meaning of the UCC and (ii) the conveyances provided for in this Agreement shall be deemed to be an assignment and a grant (i) by the Seller to the Depositor or (ii) by the Depositor to the Trustee, for the benefit of the Certificateholders, of a security interest in all of the assets transferred, whether now owned or hereafter acquired. The Seller and the Depositor for the benefit of the Certificateholders shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Trust Fund, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of the Agreement. The Depositor shall arrange for filing any Uniform Commercial Code continuation statements in connection with any security interest granted or assigned to the Trustee for the benefit of the Certificateholders.