AGREED AND UNDERSTOOD BY AND BETWEEN THE PARTIES THAT Sample Clauses

This clause serves as a formal acknowledgment that both parties have read, understood, and accepted the terms and conditions outlined in the agreement. In practice, it is typically placed at the end of a contract, just before the signature blocks, to confirm mutual consent and comprehension of all provisions. Its core function is to ensure that both parties are legally bound by the agreement and to help prevent disputes over misunderstandings or claims of ignorance regarding the contract's contents.
AGREED AND UNDERSTOOD BY AND BETWEEN THE PARTIES THAT. A. GENERAL MEETINGS. There shall be a minimum of two full Partner meetings each year, announced via e-mail to the Partners at least two weeks prior to the actual meeting. One meeting held in the fall shall be for the purpose of electing new Steering Committee members.
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AGREED AND UNDERSTOOD BY AND BETWEEN THE PARTIES THAT. A. No funds will be exchanged through either Agency directly. All references to funding will be paid directly by each Agency to the vendor.
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AGREED AND UNDERSTOOD BY AND BETWEEN THE PARTIES THAT. This MOU is executed as of the effective start date listed above and is in effect until either party, in writing, with a 30 day notice decides to terminate this agreement.
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AGREED AND UNDERSTOOD BY AND BETWEEN THE PARTIES THAT. A. There is no statutory match required for this authority; however the Cooperator is encouraged to provide available resources to projects of mutual benefit. All funding and contributions will be captured on a Financial Plan for each SPA.
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AGREED AND UNDERSTOOD BY AND BETWEEN THE PARTIES THAT 
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Related to AGREED AND UNDERSTOOD BY AND BETWEEN THE PARTIES THAT

  • Disputes between the Parties (1) Disputes between the Parties concerning the interpretation or application of this Agreement shall, if possible, be amicably settled through consultation. (2) If a dispute between the Parties cannot thus be settled within a period of six months, it shall upon the request of either Party be submitted to an arbitral tribunal. (3) Such an arbitral tribunal shall be constituted for each individual case in the following way. Within two months of the receipt of the request for arbitration, each Party shall appoint one member of the tribunal. Those two members shall then select a national of a third State who on approval by the Parties shall be appointed Chairman of the tribunal. The Chairman shall be appointed within two months from the date of appointment of the other two members. (4) If within the periods specified in paragraph (3) of this article the necessary appointments have not been made, either Party may, in the absence of any other agreement, invite the Chairman of the International Court of Arbitration of the International Chamber of Commerce to make any necessary appointments. If the Chairman is a national of either Party or if he is otherwise prevented from discharging the said function, the Vice-Chairman shall be invited to make the necessary appointments. If the Vice-Chairman is a national of either Party or if he too is prevented from discharging the said function, the Member of the International Court of Arbitration of the International Chamber of Commerce next in seniority who is not a national of either Party shall be invited to make the necessary appointments. (5) The arbitral tribunal shall reach its award by a majority of votes. Each Party shall bear the costs of its own member of the tribunal and of its representation in the arbitral proceedings; the costs of the Chairman and remaining costs shall be borne in equal parts by the Parties. The tribunal may, however, in its award direct that a highter proportion of this costs shall be borne by one of the two Parties. The tribunal shall determine its own procedure. This award shall be final and binding on the Parties.

  • COMMUNICATIONS BETWEEN THE PARTIES A copy of all communications relating to the subject matter of this Agreement between the Issuer and any Paying Agent (other than the Agent) shall be sent to the Agent.

  • RELATIONSHIP BETWEEN THE PARTIES A Party is not by virtue of this Agreement the employee, agent or partner of the other Party and is not authorised to bind or represent the other Party.