Applicability of ¶ 2501 Sample Clauses

The "Applicability of ¶ 2501" clause defines when and to which situations the provisions of paragraph 2501 are relevant and enforceable. This clause typically outlines the specific transactions, parties, or circumstances that fall under the scope of paragraph 2501, ensuring that only those intended by the agreement are subject to its terms. By clearly delineating its reach, the clause prevents misunderstandings about the coverage of paragraph 2501 and ensures that all parties are aware of when its rules and obligations apply.
Applicability of ¶ 2501. Local Church acknowledges and agrees that pursuant to ¶ 2501 of the Discipline, the Local Church holds all its property, real and personal, tangible and intangible, in trust for the benefit of The United Methodist Church, including the Real Property and Personal Property, and the Local Church will not take any actions that are inconsistent therewith or opposing or negating the same.
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Applicability of ¶ 2501. Local Church acknowledges and agrees that pursuant to ¶ 2501 of the
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Applicability of ¶ 2501. The Local Church acknowledges and agrees that, pursuant to ¶ 2501 of the Discipline, the Local Church currently holds the Church Property in trust for the benefit of The United Methodist Church.
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Applicability of ¶ 2501. Local Church acknowledges and agrees that pursuant to ¶ 2501 of the Discipline, Local Church holds all its right, title and interest in and to property, real and personal, tangible and intangible, as well as all of the Local Church’s right, title and interest in and to any agreement of which Local Church is the beneficiary, in trust for the benefit of entire United Methodist Church denomination, and that ownership and usage of such Local Church property is subject to the Discipline. A comprehensive listing and inventory of all such Local Church property and interests shall be certified by the Board of Trustees of the Local Church and such documentation shall be provided to the CBOT at least 30 days prior to the vote of the Annual Conference contemplated by paragraph 1(c) above, and such documentation shall be attached as an exhibit to this Disaffiliation Agreement. The CBOT, through its designees, will have the right of inspection and audit in order to verify the completeness and accuracy of the Local Church listing and inventory and Local Church shall fully cooperate in providing access to records and property in order to facilitate the same.
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Applicability of ¶ 2501. Local Church acknowledges and agrees that pursuant to ¶ 2501 of the tangible and intangible, as well as all of the Local Church’s right, title and interest in and to any agreement of which Local Church is the beneficiary, in trust for the benefit of the entire United Methodist Church denomination, and that ownership and usage of such Local Church property is subject to the Discipline. A listing and inventory of all such Local Church property and interests, in sufficient detail as agreed to by the Local Church and the Annual Conference (such as a list given to a property or casualty insurance carrier) shall be certified by the Board of Trustees of the Local Church and such documentation shall be provided to the CBOT at least 30 days prior to the vote of the Annual Conference contemplated by paragraph 1(c) above, and such documentation shall be attached as Exhibit “B” to this Disaffiliation Agreement. The CBOT, through its designees, will have the right of inspection and audit in order to verify the completeness and accuracy of the Local Church listing and inventory and Local Church shall fully cooperate in providing access to records and property in order to facilitate the same.
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Related to Applicability of ¶ 2501

  • Applicability of Agreement The Developer agrees that the Lands shall be developed and used only in accordance with and subject to the terms and conditions of this Agreement.

  • Applicability of ISP Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued, the rules of the ISP shall apply to each Letter of Credit.

  • Applicability of ISP and UCP Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall apply to each commercial Letter of Credit.

  • Applicability of ISP98 Unless otherwise expressly agreed by the applicable L/C Issuer and the Borrowers, when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall be stated therein to apply to each Letter of Credit.

  • Applicability of Rule 419 Upon delivery and payment for the Units on the Closing Date and each Additional Closing Date, the Company will not be subject to Rule 419 under the Securities Act and none of the Company’s outstanding securities will be deemed to be a “▇▇▇▇▇ stock” as defined in Rule 3a51-1 under the Exchange Act.